Portfolio

Berwyn, Pa., may be a couple of hours drive south of Wall Street, but Turner Investment Partners is hoping to dive right into the nation's financial hub with the preliminary filing of documents for its intended initial public offering on the New York Stock Exchange. Turner filed for the IPO with the Securities and Exchange Commission on Sept. 18.

If there is one industry that is known for issuing surveys, it's the mutual fund industry. Every week, mutual funds and other investment firms issue multiple surveys about investors' attitudes toward savings and preparedness for retirement-aimed at spurring people to save more and at giving financial professionals talking points for their clients.

The President's Working Group on Financial Markets will form two private-sector groups to develop best practices for the hedge fund industry, and while it comes far short of requiring hedge funds to register with the Securities and Exchange Commission, this is welcome news, both for investors and the market.

Ex-Brean Murray EVPs Charged with Late Trading

Aberdeen Asset Management of Aberdeen, Scotland, may not be a household name, but as of today, Oct., 1, the firm's Philadelphia-based U.S. subsidiary has a fresh $7 billion chunk of 30 sub-advised mutual funds and variable annuity trust assets from Nationwide Financial of Columbus, Ohio, to call its own.

The hedge fund market is set to continue its rapid growth as institutions, under pressure to demonstrate more clearly that they can meet their future obligations, seek alternative investment products that deliver strong returns.

This summer's extreme wave of market volatility was enough to make investors and mutual fund managers seasick.

IndexIQ, the Rye Brook, N.Y.-based firm best known for the development of proprietary so-called next generation indexes for institutions and wealthy investors, has created a new asset management business that will sell products created from its indexes.

SEC Increasing Scrutiny of Insider Trading at Hedges; Issues Questions to Funds

Lifecycle funds are now taking another punch, and while this one may not be fully merited, it is one that fund companies might want to consider as a roadmap to improving such funds' performance and marketability.