Portfolio

Government workers are not sitting pretty on top of fat future pensions. More realize that their pensions could be under pressure in the future, and that their government employers are shifting more of their retirement burden onto workers. The smart government and municipal employees—especially those who are slated to only receive a partial pension and are being guided to save in a 457 or other defined contribution plan—are looking to save more.

Advisors are turning to annuities, using tactical asset allocation and continuing to move to fee-based business models, as they cope with the effects that the sluggish economic climate is having on their practices, according to findings from the latest Russell’s Financial Professional Outlook, released last week.

The SPDR S&P Global Natural Resources ETF began trading on the NYSE Arca on Tuesday.

The service leverages Citi’s existing services for traditional mutual funds and their investment advisors.

Broker dealer BTIG Ltd. has expanded its global fixed-income group to include a London-based team focused on emerging markets, it announced Monday.

Morgan Stanley announced Monday it has named Paul Price head of the firm’s investment management international sales.

Citi’s Global Transaction Services unit has launched a suite of regulatory administration and compliance support services for hedge funds, private equity funds and their SEC-registered investment advisors. The service leverages Citi’s existing services for traditional mutual funds and their investment advisors.

Retail investors ignored the pullback in the state and local government debt market last week, committing the third-heaviest slug of new money to municipal bond mutual funds this year.

Mutual fund managers - not their hedge fund counterparts - are the original alpha males (and females).

The Securities and Exchange Commission is likely to revise its approach to circuit breakers on the nation's equities exchanges, to include a "careful review" of price bands that limit how far up or down the price of a stock can move at any given time.