Money Management Executive Latest News

Pittsburgh-based Mellon Financial Corp. will kick off a new branding campaign Monday with an advertisement in the Wall Street Journal. The campaign comes after the company realigned its strategy in an effort to grow its asset management and institutional services businesses, the firm said in a statement.

U.S. Bancorp Asset Management, the investment advisor to the First American Funds, has struck a deal with Country Insurance & Financial Services to distribute eight First American Funds products through the insurance provider’s network.

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Retirement plan provider GoldK said last week that it has finished building out a wholesale team that will target financial advisors. The company has been building the team for the last year and a half.

Advantus Capital Management of St. Paul, Minn. has promoted Andrew Adams to investment officer.

Third Avenue Funds of New York has hired Brandon Stranzl as a research analyst. He will be responsible for picking and researching the stocks of "distressed companies" as well as undervalued equities of well-capitalized firms, Third Avenue said in a statement.

Credit Suisse First Boston has hired Brian Finn as a member of its new office of the chairman, which includes CEO John Mack and chairman Stephen Volk. Finn will also serve on the firm’s operating committee and its executive board.

Chicago fund researcher Morningstar said this week that it will change its widely used formula for evaluating mutual funds. The changes, which will apply to its "style box" system, are slated to go into effect by mid-year.

State Street Corp. of Boston said this week that it will provide transfer agency, fund accounting, administration and custody services to both Credit Suisse Funds and ING Funds in a deal that amounts to $26 billion in assets.

Eaton Vance Corp. has expanded its tax-managed fund family with three new products: Eaton Vance Tax-Managed Equity Asset Allocation Fund, Eaton Vance Tax-Managed Mid-Cap Core Fund, and Eaton Vance Tax-Managed Small-Cap Value Fund.