Portfolio

The Dow Jones Industrial Average shed 50 points to close at 12,727.21 Monday while the Nasdaq and S&P 500 lost 11.53 points and 3.14 points, respectively.

Deutsche Investment Management Americas Inc. is liquidating the DWS Clean Technology Fund on October 12, according to a Securities and Exchange filing.

On July 16, 2012, Northern Trust has appointed Carl R. Tannenbaum as its chief economist, succeeding Paul Kasriel, who retired from Northern Trust earlier this year.

On July 16, 2012, Invesco PowerShares Capital Management LLC plans to list the PowerShares DWA SmallCap Technical Leaders Portfolio on July 19, 2012 on the NYSE Arca.

On July 16, 2012, Philadelpia-based Lincoln Financial Distributors, the wholesale distribution subsidiary of Lincoln Financial Group, has added Chris Somers as a regional sales director for its Institutional Retirement Solutions Distribution team.

On Ju;y 16, 2012, Huntington Asset Advisors is launching Huntington Income Generation, an income-focused fund of funds, later this summer, according to Randy Bateman, President of Huntington Asset Advisors, Inc.

The most mysterious of the unexplained mysteries about Mitt Romney’s considerable wealth is how he was able to amass between $21 million and $102 million in his individual retirement account during the 15 years he was at Bain Capital LLC.

MFS Investment Management has filed paperwork with the SEC to launch a pair of mutual funds in September.

Boston-based Fred Alger Management is reopening the Alger Small Cap Growth (ALSAX) and Alger Small Cap Growth Institutional (ALSRX) to new investors starting Aug. 1, according to a filing.

There is a new sheriff in town for the mutual fund industry-and he may need to borrow money for bullets.