Portfolio

On May 29, 2012, HSBC added a fourth EM fund to its portfolio.

The new services will include organizational tools to help family members organize vital information, paper files, electronic records and digital passwords.

On May 29, 2012, Fort Worth TX-based American Beacon Advisors launched the American Beacon The London Company Income Equity Fund (ABCAX), which is sub-advised by The London Company of Richmond, Virginia.

BNY Mellon hires two more pros in its Tampa office, which has seen double-digit growth since it opened in 2008.

Linscomb & Williams, which has $2.7 billion in assets under management, hired Abigail C. Gunderson, Ryan L. Patterson and Lauren J. Bain.

On May 29, 2012, Leawood, Kansas-based Palmer Square Capital Management LLC, launched its second alternative mutual fund, dubbed the Palmer Square SSI Alternative Income Fund.

Minneapolis-based Leuthold Weeden Capital Management’s Board of Directors of the Leuthold Hedged Equity Fund has decided to liquidate the underperforming fund.

Keith Hartstein, president and CEO of John Hancock Funds, will be retiring in September 2012 after 22 years at the firm.

Executives from BlackRock, Vanguard, JPMorgan Chase, and Invesco met with SEC Chairman Mary Schapiro to talk about money market reforms.

San Francisco-based RS Investments has filed paperwork with the Securities and Exchange Commission to launch the RS Equity Income Fund.