Portfolio

The unit is expecting double-digit growth as it expands its array of investment products.

A two-year consent decree requires the company to provide more anti-discrimination training for managers and supervisors.

TCW Group and Huntington Funds have both launched emerging markets funds, the TCW Emerging Markets Equities Fund and the Huntington Global Select Markets Fund.

The TCW Group Inc., an international asset management firm, has voluntarily withdrawn its UST/TCW Senior Mortgage Securities Fund LP from the Treasury's Public-Private Investment Program.

WASHINGTON — With rock-bottom interest rates expected to begin rising soon, regulators and industry representatives are increasingly concerned about institutions' ability to weather a boomerang effect on their funding costs.

The Wealth Hazards Worry Index now indicates that the number of people who believe the U.S. economy could enter another recession in 2010 now stands at 40%. Only 28% are confident a recession will not reoccur in 2010.

With borrowing in the U.S. and the U.K. at record levels, deficit concerns have prompted PIMCO to pare back its exposure to corporate bonds, Treasury Inflation Protected Securities and mortgage-backed securities. This is according to the 2010 investment outlook that PIMCO Portfolio Manager Paul McCulley recently issued.

Calamos Investments, which has $30.5 billion of assets under management, has elected to make State Street Corp. its sole investment servicing provider for all of its U.S. and global products. As a result, State Street will expand beyond its current back-office offerings to provide custody, fund administration and securities lending services.

H&R Block has settled with the New York Attorney General over alleged excessive fees it charged investors it steered to its Express IRA. The tax preparer will refund between $11.4 million and $19.4 million to customers and pay $750,000 in fines and fees.

With asset managers continuing to slice and dice the investment landscape by introducing niche products, Lazard Asset Management LLC announced Tuesday that it launched an actively managed mutual fund that focuses on infrastructure companies.