Portfolio

The Federal Open Market Committee's actions today were designed to "quicken recovery," and will be removed before the nation reaches full employments, according to Federal Reserve Board Chairman Ben Bernanke.

Light supply and a perceived hesitation on investors' parts conspired to hold the municipal market to only modest outperformance against Treasuries this week.

While actions by the U.S. Federal Reserve could hold promising results, international monetary policy announcements have held less and less power this year, according to a new economic and market outlook update from Deutsche Bank Private Wealth Management.

Emerging markets shop Mirae Asset Global Investments (USA) is looking to corner the distribution market using the term “Great Consumer” for its funds

AdvisorShares is launching the STAR Global Buy-Write ETF (VEGA), which will begin trading on Sept. 18 on the NYSE’s Archipelago Exchange.

Janus Capital Group is growing its defined contribution investment only unit with addition of Ruben Gonzalez as a retirement director, Money Management Executive has learned.

Baltimore-based T. Rowe Price Group has named a former Fidelity senior official as its new head of global institutional services.

ING U.S.’s Retirement business has hired Jamie Ohl as president of Tax-Exempt Markets for the company’s institutional retirement operations.

Thomas McDonnell, the long-time chief executive of beleaguered financial services software company DST Systems, is retiring from the company at the end of this year.

Investors with at least $25 million in net worth are boosting their exposure to alternative investments. At the same time, these UHNW households are keeping some money in familiar territory: tax-free municipal bonds. The Spectrem Group, a Chicago-based consulting firm, reached those conclusions in recent online and mail surveys.