Portfolio

iShares will close and liquidate the iShares Diversified Alternatives Trust, according to a letter to shareholders.

Securities and Exchange Commission chairman Mary Jo White is pushing to adopt a rule allowing hedge funds to advertise in a move consumer advocates say could fail to protect unsophisticated investors, according to two people familiar with the matter.

The investment opportunity in the United States is really "a tale of two countries," banking analyst Meredith Whitney said at the IMCA annual conference in Seattle.

The Securities and Exchange Commission's new leader, Mary Jo White, will bring her years of experience as a federal litigator before the fund industry this week as its members try to judge whether she will propose reforms that could cripple the marketplace.

In our May issue, Bank Investment Consultant will unveil its Top 20 Program Managers. Here is the second half of the listing (#11 through #20).

The boutique purveyors of the mutual fund world have different branding and distribution challenges than their larger asset management counterparts.

Assets of all exchange-traded funds rose in March by $37.54 billion, or 2.7%, to $1.446 trillion, according to the Investment Company Institute.

IMCA’s annual conference kicks off in Seattle on Monday with lessons for financial advisors from behavioral finance professor Meir Statman.

San Antonio-based USAA Investments, a provider of mutual funds and insurance products to members of the U.S. military, is currently prepping the USAA Target Retirement 2060 Fund to launch in July 2013.

The MFEA launched a new group within its executive council: the Product Management Council (PMC).