Portfolio

Financial Risk Management Ltd., a unit of the world’s largest publicly traded hedge-fund manager Man Group Plc, may see the best return from its multistrategy funds of funds since 2009, said its chief investment officer.

Fidelity Investments, the biggest U.S. manager of money-market mutual funds, said there is growing agreement among company leaders and regulators to limit any new rules for the products to those eligible to buy corporate debt.

Global X Funds is banking on significant opportunities in high dividend-paying equities.

OppenheimerFunds is closing its Oppenheimer Developing Markets Fund to new investors on April 12, Money Management Executive has learned.

Houston-based Salient Partners, a $17.4 billion asset management firm, has officially lifted the veil on its Salient Pure Trend Fund (SPTAX, SPTCX, SPTIX). Money Management Executive previously reported on the fund’s launch.

Assets held in 529 college savings plans increased 16.7% last year as the largest state plans continued to attract the bulk of assets.

Charles Schwab & Co. is in the midst of a regulatory struggle with the Financial Industry Regulatory Authority that threatens to change how the firm and other retail brokers do business with its clients.

Average assets under management for financial advisors in North America hit a record $81 million last year, according to a new report.

DST Market Services has gotten app-savvier.

Munder Capital Management has hired Jim Kourkoulakos, a former portfolio manager and co-head of credit research at California Public Employees’ Retirement Service (CalPERS), as a senior portfolio manager for fixed income.