Portfolio

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.

PIMCO co-Chief Investment Officer Bill Gross is said to be planning to one-up himself on touting Canadian companies as good fixed income opportunities; he is planning a big expansion into Canada.

David Corkins, a star manager at Janus who sucessfully ran the Janus Mercury and Janus Growth & Income funds and executed an impressive turnaround on the flagship $12 billion Janus Fund, started hedge fund Arrowpoint Partners in 2009 - delivering returns of 33%.

Fund managers may soon be faced to make a tough choice if they want to reduce operating risk and cost.

Life used to be so simple.

She was hired by GAMCO in December 2005 with 20 years experience in mutual fund treasury operations with various fund companies. In May 2009, she was promoted to senior vice president.

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.

Lyxor Asset Management named Fabian Pavlowsky as head of quantitative strategies within the Societe Generale subsidiary’s Hedge Fund Research team based in New York.

Banks, losing fees elsewhere, are looking to investment services to make up the difference.

The high-yield market has been going great guns this year, but there’s a new caveat for those kicking the tires: a slower-than-expected recovery.