Industry

Ultimus Fund Solutions has added David Carson to its senior management team as Director of Client Strategies to manage the series trust product line

Rafferty Asset Management, advisor to Direxion Funds and Direxion Shares, has hired a chief operating officer and president.

Bill Gross' PIMCO Total Return Fund (PTTRX), the world's largest mutual fund, attracted $32 million in investor deposits in March, the lowest amount since December 2011.

Private equity firms are making it known that they, too, want to pull in retail investors' money just as much as do their hedge fund counterparts.

UBS Financial Services has picked up three financial advisors from Morgan Stanley in Arizona and Indiana who managed $467 million in client assets.

Cetera Financial Group is growing again. The broker-dealer network has signed a definitive agreement to acquire Tower Square Securities and Walnut Street Securities from MetLife.

Curian Capital has added Gabriel Burstein as head of the Investment Strategy group.

Expanding its New England presence, the firm added a three-decade industry veteran in Connecticut.

Despite their growing optimism, most small and mid-sized business owners are planning to hold off hiring for the next six months.

Los Angeles-based Causeway Capital Management has named Foster Corwith and Alessandro Valentini as portfolio managers. Corwith and Valentini will join Causeway's six current fundamental portfolio managers in managing client portfolios on a team basis.