Portfolio

Affiliated Managers Group has reached an agreement with Russell Investments to acquire Russell subsidiary Pantheon Ventures for $775 million, with the potential for additional payments over the next five years, contingent on Pantheon’s growth.

The financial crisis has made a permanent impression on American consumers, who are likely to save 6% or more of their income over the next decade, translating to as much as $800 billion stashed away each year, according to a new study by Allianz Group.

Mutual fund investors in a class-action lawsuit against five mutual fund companies that permitted market timing said they will appeal their case, in which they seek $500 million to $600 million additional compensation above the $205 million restitution they got in settlements with the Ontario Securities Commission.

ETF Securities has registered another precious metals exchange-traded fund with the Securities and Exchange Commission, the ETFS Precious Metals Basket Trust.

Total assets in the U.S. ETF industry fell 5.8% in January from a month earlier.

Fee-based financial advisers are grappling with the fallout from the crash of 2008 and see tactical asset management as the way to navigate the current market, according to a survey of 750 advisers by Jefferson National.

RidgeWorth Investments has launched planadvisortools.com, a website dedicated to the needs of retirement plan advisers.

They will have a minimum investment threshold of $25,000 and offer a wide range of investment styles from conservative to aggressive growth.

Borthwick and Carnoy to share responsibilities; Hume-Kendall named chairman of group

WASHINGTON — The Municipal Securities Rulemaking Board’s net assets fell to $26.39 million for the fiscal year ending Sept. 30, 2009, down $1.65 million from the previous year as new underwriting assessment fees fell dramatically, according to an audited financial statement and annual report expected to be released by the board today.