Portfolio

Who Are the power house fund managers? Here are the heavy hitters who racked up the most Lipper Awards this year.

Total estimated inflows to long-term mutual funds were $11.85 billion for the week ended Wednesday, March 6, according to the Investment Company Institute.

Total stock and bond mutual fund and ETF assets distributed by independent/regional broker-dealers and registered investment advisors grew at more than twice the rate compared to the wirehouse channel during 2012, according to newly released data from Access Data.

Returns may have been good, but revenue growth overall was weak among asset management firms in 2012.

Nationwide Funds Group, the mutual fund business of Nationwide Financial, has added five new wholesalers to its sales team.

Founded in 2009 aiming to serve women with online budgeting tools and financial advice, LearnVest morphed into a mass-market RIA firm last year and now has its eye on growth.

After hiring 3,597 full-time agents last year, New York Life is raising the ante, with a goal of adding 3,700 reps in 2013. Among the new hires, more than half are expected to be women or individuals who represent the “cultural markets,” as the company put it, referring specifically to the African-American, Chinese, Hispanic, Korean, South Asian, and Vietnamese communities.

Janus Capital Group, the money manager that made its name placing big bets on stocks, is trying something new to stem a five-year customer exodus.

New may not always be better, but it is what the retirement industry needs right now.

Janus Capital Group, the money manager that made its name placing big bets on stocks, is trying something new to stem a five-year customer exodus.