Portfolio

Investors dramatically cut the amount of new money they put into hedge funds, Reuters said.

The F&C Enhanced Alpha UK Equity Fund, one of the first so-called 130/30 funds to focus on UK equities, has reported its sixth consecutive month of beating the market since it was launched in August last year.

Henderson Global Investors, the $123.6 billion investment management company, announced the Feb. 11 reopening of its flagship European Focus Fund to new investors.

Average investors are getting cheated out of thousands of dollars in earnings for their 401(k) plans by hidden fees and expenses, according to Bloomberg.

Specialist fund groups and niche advisers will trump larger asset managers and consultants in the institutional marketplace of the future, according to the Financial Times.

MFS Investment Management has launched a new fund, the MFS Diversified Target Return Fund.

In lockstep with a broadened direction by insurance firms to strip off the complex bells-and-whistles riders and bonuses of the recent past and to issue packaged retirement income solutions-and meet the demands of the new buzzword: decumulation-the other publication I edit, Annuity Market News just relaunched on Friday as Retirement Income Reporter.

Fidelity Investments announced that it plans to lay off about 250 employees as part of a restructuring of some of its units.

Scotia Securities Inc. said today it will expand the lineup of its Scotia Funds with the introduction of a new class of funds to be called the ScotiaFunds Advisor Class.

Money market mutual funds that put cash into investments tied to the mortgage crisis and subprime debt saw huge gains last year, growing by more than 30% to $3 trillion, according to the South Florida Sun-Sentinel.