Portfolio

When it comes to revenue and expense management, the investment management industry is fragmented and in need of an overhaul, according to a recent survey of EMEA investment managers by Bonaire Software Solutions.

RiverNorth Capital Management has launched a new options/volatility mutual fund: the RiverNorth Dynamic Buy-Write Fund (RNBWX), which sells what the firm believes to be the “most attractive covered equity options”.

Sector ETFs have grown 49% at Charles Schwab over the past year—the firm’s fastest growing asset category, according to a 3Q ETF snapshot Schwab officials discussed on a conference call on Friday.

BOSTON-Understanding what makes a good manager can make or break a fund firm in terms of getting its products distributed or dropped.

Callan Associates has added Dana Brown to its Fund Sponsor Consulting group as senior vice president.

Socially responsible shop Calvert Investments has added Darryl Keeton as director of internal sales, responsible for internal-external sales team partnerships and developing the firm’s internal sales team.

Last week, shareholders of $253 million Morgan Stanley Mid Cap Growth Fund approved a move to transfer the fund’s assets to the Mid Cap Growth Portfolio in exchange for shares of Mid Cap Growth, according to a Securities and Exchange filing.

QuantShares is in the process of shelving a trio of exchange-traded funds.

The value of RIA mergers and acquisitions activity for 2012 looks set to top 2011 totals, according to a new report.

OppenheimerFunds has launched the CEO Advisor Institute, which combines business management, personal and professional development content and investment thought leadership for advisors.