Portfolio

Federated Investors has launched three value funds under the Clover Value fund family name, the Federated Clover Value Fund, Federated Clover Mid value Fund and Federated Clover Small Value Fund. Subsidiary Federated Clover Investment Advisors is advising the funds, which will employ fundamental, bottom-up research and be sold through broker/dealers, banks and other financial intermediaries.

Hedge funds will continue to suffer poor results and redemptions for the next four years, Sanford C. Bernstein Analyst Brad Hintz told Reuters. And over the next year, one in four hedge funds will shut down, Hintz added.

Socially responsible investing has been offering one of the few positives for investors during the recession, the Orlando Sun-Sentinel reports.

While money funds have provided one of the few bright spots for the mutual fund industry recently—with $3.9 trillion in assets, they currently hold about 40% of all of the total $9.4 trillion held in mutual funds—they are headed for reforms that could reduce their current paltry yields of 0.29% even further, the Associated Press reports. The government is likely to restrict the funds' holdings to avoid another fund breaking the buck, as the Primary Fund did last September.

Aviva Taps Ranges, Jacobs For Development, CIO

Thinking about retirement is anything but positive and encouraging, even for those in their 20s with a 40-year time horizon for saving. Most planners recommend an absolutely ungodly sum of cash as the entry point to safe and sound years. The government continues to predict the demise of Social Security. Insurers warn about soaring healthcare and long-term care costs. And now, with the market having wiped out $11.1 trillion in market wealth since it peaked in October 2007, retiring is absolutely unrealistic for many.

Don't Regulate Money Funds Like Banks: Fed Chairman

The Investment Company Institute has named Dean R. Sackett III and Donald C. Auerbach as leaders of its government affairs staff.

Congress is considering whether to make major revisions to the fair-value accounting rules that have created so much controversy lately. Possible changes include suspending the rules, improving value-at-risk measurements and reinstating the uptick rule.

Invesco's Atlantic Trust Private Wealth Management plans to take advantage of the "chaos" in the financial services industry to add assets and customers, according to its new chief executive officer.