Portfolio

Fidelity Investments has reorganized its institutional equity team, naming Michael S. Cashel, senior vice president, equities, and chief of institutional sales trading. Michael J. McConnell is senior vice president, head of sales trading for institutional equities.

Morgan Stanley Investment Management has reopened the $1.4 billion Morgan Stanley Global Infrastructure Fund to new U.S. investors. Later in the year, Morgan Stanley plans to make a similar strategy available to international investors.

Grail Advisors has filed to offer two actively managed exchange-traded funds, the Grail American Beacon Large Cap Value ETF and the Grail American Beacon International Equity ETF. Both will be sub-advised by American Beacon Advisors, a manager-of-managers.

Fidelity Investments has selected James Catudal to run the $6.24 billion Fidelity Growth and Income Portfolio Fund, succeeding Timothy M. Cohen.

Putnam Investments has unveiled a suite of funds that seek to deliver returns of 1% to 7% above Treasury bills.

Reflecting the turmoil in the financial services industry, most investors are more attuned to whether a company is viable than whether its offerings have strong performance, according to the 2009 Investor Brandscape report from Cogent Research.

Baron Funds has launched the Baron International Growth Fund, which will invest in small- and mid-cap companies for the long term, primarily in developed nations, but it will hold some stock in emerging countries, as well.

The tools that have worked so well for hedge funds in recent years—shorting and sophisticated trading models—worked beautifully up until last year, when hedge funds had their worst year on record.

Financial advisers are telling investors that it is high time they shop around for low-cost funds, particularly given the dismal state of the markets in 2008.

Deciding where wealth management clients should put their money this year is a daunting business, but investment executives at some banking companies seem to wholeheartedly agree on where it should not go: into Treasury bills.