Portfolio

In 2010, The Dreyfus Corporation gave iPads to every one of its 70 salespeople, to save on Federal Express billings in shipping them marketing materials. Now the manager of roughly $300 billion in mutual fund assets has decided that it should not be presenting its nine boards of directors with bulky binders any more, either.

The mutual fund manager last week supplied directors of one of its fund groups with all board materials on iPads, instead of on paper. Its other eight boards also will be getting on board with materials stored on the tablet devices.

Viteos, known predominantly as a fund administrator and operations support provider for hedge funds, has expanded its operations, accounting and reporting services to family office RIA firms.

Bennett Gross was previously director of wealth management for Pacific Wealth Advisors.

Alternative investment manager Direxion has launched a “buy and hold” fund designed to replicate the Auspice Managed Futures ER Index.

For bank reps looking to advance their careers, there’s no better news than a promotion or a job offer that’s too good to refuse. Here’s a sampling of bank reps who were either promoted or moved to new organizations to assume roles of greater responsibility from January 25 to February 9 of this year.

The sovereign debt and banking crises are not over. But the stiffest headwind facing Western economies? Trade deficits, says a Citigroup investment research director.

SunGard is expanding the execution services of its newly-consolidated broker-dealer, SunGard Brokerage & Securities Services, with trading technology from Fox River.

The sovereign debt and banking crises are not over. But the stiffest headwind facing Western economies? Trade deficits, says a Citigroup investment research director.

The SEC is about to announce reform of money market funds that is likely to include letting the net asset value float, long anathema to the industry. James P. Palermo, Vice Chairman of BNY Mellon though wants to know: What happens if that part of the mutual fund industry just goes away?