Portfolio

The repeal of the tax has set up an interesting social experiment.

FundQuest has selected Managed Portfolio Advisors as the overlay manager for its customizable unified managed account program.

Fidelity Investments’ venture capital unit has broken off from the fund giant to form an independent firm called Volition Capital. It will continue to manage its previous portfolio of 20 U.S. companies. Going forward, it will invest primarily in high-potential, founder-owned technology companies.

Sector shows strength as Treasuries spike

With an increasing number of fund companies offering actively managed exchange-traded funds, including John Hancock, T. Rowe Price and PIMCO, this could be the new hot mutual fund category, some executives told Seeking Alpha.

Tax-time loans, already an embattled product, now face even more regulatory scrutiny — and not just from the traditional banking agencies.

Investors contributed $1.1 billion to the Fidelity Charitable Gift Fund in 2009, a 4.7% increase from the $1.05 billion they gave in 2008.

With an increasing number of fund companies offering actively managed exchange-traded funds, including John Hancock, T. Rowe Price and PIMCO, this could be the new hot mutual fund category, some executives told Seeking Alpha.

Renowned economist and author Nouriel Roubini said little to cheer advisors at today’s Investment Management Consultants Association conference in New York, predicting an anemic U-shaped economic recovery in the U.S.

Independent firms will help shape the mergers and acquisitions scene in the asset management industry in 2010, according to investment bank Jefferies & Co.