Portfolio

PIMCO Tuesday announced two new exchange-traded funds, the PIMCO Build America Bond Strategy Fund and the PIMCO Investment Grade Corporate Bond Index Fund.

As a result of debt issues and fiscal deficits, BlackRock said Tuesday that it expects to economic recovery to be "meaningfully slower" in the second half of this year.

Eaton Vance Management Tuesday announced the launch of the Eaton Vance Global Macro Absolute Return Advantage Fund.

Eze Castle Integration said it has created a new subsidiary called Ledgex Systems to pull together performance data for managers of funds of hedge funds, pension plans and private equity funds.

Observers note the move comes amid intensifying competition among equity funds.

With so much money in motion as people change jobs, qualified-account conversions are the quick ticket for advisors looking to grow assets fast.

NEW YORK-Many investment firms dealing in complex asset-backed securities did not have sufficient computing capacity to figure out the risks they were taking, as the global financial crisis unfolded, said the managing director and chief technology architect of Bank of America Merrill Lynch Monday.

Fewer hedge funds closed their doors in the second quarter, but there were also fewer hedge fund launches, as investors continued to shun startups and smaller firms in favor of large, established players.

A wealth management firm has identified a growing niche serving clients in the United States and north of the border.

The sell-off in municipal bonds finally appeared to sap some retail demand for state and local government debt last week as muni mutual funds reported taking in the paltriest amount of new money in six weeks.Municipal bond mutual funds that report their figures weekly posted a net inflow of $638.2 million during the week ended Sept. 15, according to Lipper FMI, the lightest inflow since early August.