Portfolio

The move reflects the ongoing erosion of wealth management market share in the wirehouse channel, the firm says, citing numbers from Cerulli Associates.

On April 12, 2012, Janus Capital Group asked its shareholders to vote in favor of a new chief executive officer compensation plan that will cap CEO pay at $10 million, tie it directly to year-over-year change in operating income and comprise it with 40% cash and 60% long-term incentives.

On APril 12, 2012 Two industry groups, the Defined Contribution Institutional Investment Association (“DCIIA”) and the Retirement Income Industry Association (“RIIA”), are launching a joint effort to promote greater awareness and participation in retirement programs.

Advisors looking to diversify client portfolios into international and emerging markets investments should take a close look at Latin America, says Heiner Skaliks, portfolio manager of the Strategic Latin America Fund.

On April 12, 2012, J.P. Morgan announced that it had been appointed by PIMCO (Pacific Investment Management Company LLC), to offer two PIMCO U.S.-registered exchange-traded funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).

Here is an interactive slide show that details the Strategic Latin America Fund's top five countries by percentage of the portfolio allocated to each:

On April 12, 2012, AllianceBernstein reported that preliminary assets under management dipped 1.2%, to $419 billion, at the end of March compared to the previous month.

Fred Alger Management, on April 12, 2012, has added Gregory Adams to the portfolio management of the ALger Growth & Income Fund

Denver-based Whitebox Advisors, the $2.3 billion asset management firm founded by Andrew Redleaf, is making a concerted push into the RIA channel with the help of third-party marketing firm Havener Capital Partners LLC.

Exchange-traded funds took in more than $14 billion bringing their total assets to $1.2 trillion as of March 31, according to State Street Global Advisors’ (SSgA’s) ETF Snapshot report for March 2012.