Portfolio

Hedge fund's portfolio managers take control of firm from Morgan Stanley

Over half of American donors (55%) plan to maintain the same level of charitable giving in the fourth quarter, despite market uncertainty, according to a survey by the Fidelity Charitable Gift Fund, the largest donor-advised program nationally.

More than half of investors are maintaining their level of charitable giving in the fourth quarter—whether their advisors choose to help them or not.

Low rates are causing investors to cash out of short-term CDs when they mature; banks respond by adding ever more short-term CDs.

The Palo Alto, Calif., based company, which will now be called Wealthfront, said that it has attracted more than $100 million in assets to its investing platform in its first year of operation.

The previous year, assets declined 23%, Towers Watson says.

Now is the time for a balanced approach to both equities and fixed income, MFS advises.

Industry pulls in new money for the third consecutive quarter

Investors with at least $100,000 to invest are sorely in need of guidance on fixed income risk, asset allocation and retirement readiness, MFS Investment Management found in a survey of 613 investors.

Aviva Investors has launched the Aviva Investors Core Aggregate Fixed Income and the Aviva Investors High Yield Bond funds.