Portfolio

Santa Fe, NM-based Thornburg Funds has promoted Rob McInerney, formerly a regional consultant, to the role of national sales manager, effective March 1. He will also assume the role of president of Thornburg Securities Corp., succeeding Jack Gardner in both positions.

Mutual funds started February with a roar but ended the month with a whimper.

361 Capital, a provider of alternative investment mutual funds, separate accounts, and limited partnerships to institutions, financial intermediaries, and high-net-worth investors, has entered into a strategic partnership with Lighthouse Partners, a fund-of-hedge-funds and managed account investment adviser.

The Investment Company Institute has promoted Kathleen Joaquin to the position of Chief Industry Operations Officer, replacing 25-year veteran Donald Boteler, who retired earlier in the month.

Securities and Exchange Commission chairman Mary L. Schapiro told a financial services subcommittee of the House of Representatives that the federal regulator intends to spend $100 million of its $1.6 billion requested budget for fiscal 2013 on information systems and another $50 million on modernizing the EDGAR stock information database and www.sec.gov, its public web site.

Huntington Asset Services, Inc. a wholly owned subsidiary of Huntington Bancshares Incorporated, has appointed Joseph Rezabek as president of the company. Rezabek hails from Citi Fund Services, where he was managing director and head of North American Fund Services.

The expiration of payroll tax reductions — and the possibility that nothing will be resolved in Washington this year around these and other fiscal issues — could be a drag on growth, says Mark Luschini, chief investment strategist for Janney Montgomery Scott.

“Before allowing our reps to use social media, we needed a technology solution to handle our complex regulatory needs,” says Chad Oppedal, assistant director of compliance for the Principal Financial Group.

The consolidated audit trail of orders placed and matched on the nation’s stock markets should cost a ‘fraction’ of what the SEC has estimated, according to a financial data expert and author speaking at TradeTech 2012 conference in New York.

The Municipal Securities Rulemaking Board has proposed rule changes and interpretive guidance aimed at ensuring that underwriters and dealers comply with an issuer’s instructions to sell bonds to retail investors during retail order periods.