Portfolio

Outflows slowed to $597.3 million the week ending Aug. 23 after hemorrhaging $4.99 billion the week before, according to the Money Fund Report, a service of iMoneyNet.com. Total assets declined slightly to $340.75 billion from $341.34 billion.

Outflows slowed to $597.3 million the week ending Aug. 23 after hemorrhaging $4.99 billion the week before, according to the Money Fund Report, a service of iMoneyNet.com. Total assets declined slightly to $340.75 billion from $341.34 billion.

Moody’s Investors Service is pushing state and local issuers to agree to indemnify and hold it and its officers harmless for any mistakes they might make as a precondition to assigning ratings on municipal bond transactions, market participants said Thursday.

Fund managers and other experts say that target-date funds need to increase the amount of information they provide investors to understand their investment risk. But they don’t want the Securities and Exchange Commission to change the way the funds are named.

Investment funds, lawmakers and other fund experts say that target-date funds need to increase the amount of information they provide investors to understand their investment risk. But they don’t want the Securities and Exchange Commission to change the way the funds are named.

Outside of currency and fixed-income plays, active exchange-traded funds are struggling to gather meaningful assets.

A group of investors Wednesday sued the accounting giant Ernst & Young for allegedly misrepresenting the financial status of the defunct hedge fund Parkcentral Global after they lost a total of $17 million in the fund.

A group of investors on Wednesday sued the accounting giant Ernst & Young for allegedly misrepresenting the financial status of the defunct hedge fund Parkcentral Global after they lost a total of $17 million in the fund.

In a letter to the SEC, investment management firm says it does support enhanced disclosure.

Although it supports the Securities Exchange Commission’s goal of bringing more disclosure to target-date funds, the proposal to include asset allocation information in the fund’s name will only confuse investors, BackRock said in a letter to the agency this week.