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Joseph D. Kringdon has left his position as managing director, Eastern regional director of sales at Putnam Investments to become executive vice president, head of U.S. retail distribution at Pioneer Investments.
June 3 -
Wells Fargo & Co. and UMB Financial Corp. have each succeeded in the health savings account business, but many of their customers have come through unexpected routes.
June 3 -
Funds that invest in high yield bonds have experienced a rate of inflows unseen for almost five years, according to recently released data.
June 3 -
Iowa has launched a Baby 529 College Savings Giveaway program in which it will randomly award $1,000 in money toward a 529 plan to one baby a month at participating Iowa hospitals. Every family that registers their child, however, will also receive a small welcome home gift, courtesy of Iowa State Treasurer Michal L. Fitzgerald.
June 2 -
While data from the Commodity Futures Trading Commission shows that hedge funds bets against the U.S. greenback have risen by 36% so far this year, Deseret Morning News reports, mutual funds and other institutional investors are raising their stakes in the dollar.
June 2 -
WASHINGTON - Mutual fund companies and their attendant banking channel need to engage the mass affluent, rather than simply chasing the wealthy, if they seriously want to develop their retirement businesses.
June 2 -
Despite strict guidelines and barriers within China, which tend to turn off global fund houses from conducting business, Fidelity International is ready and willing to pursue joint ventures there sometime in the near future.
June 2 -
Advisers are routinely using non-industry websites, particularly YouTube, and bank online in larger numbers than expected, says a new study tracking e-business habits. The findings have implications for asset managers across the industry.
June 2 -
In what some in the industry are heralding as a backhanded acknowledgement of 12b-1 fees, the Securities and Exchange Commission is considering putting a cap on the controversial level-loads.
June 2 -