Money Management Executive Latest News

Berger Funds has developed a concerted push into the variable annuity and variable life sub-advisory market, adding two carriers to its list of clients in December. Within the last year, the Denver-based firm has increased its visibility, becoming a regular exhibitor at National Association for Variable Annuity conferences.

Fund researcher Morningstar said last week that it has appointed Martha Boudos as its new CFO. Boudos replaces Gary Burge who left the Chicago firm last year.

BlackRock, Inc., the advisor to the BlackRock Funds, is opening an office in Boston that will house a new seven-member small- and mid-cap equity team, the company announced last week. That team is made up of several executives formerly with Boston Partners Asset Management and will be headed by Wayne Archambo, a former partner with that firm, the company said.

Sun Life Financial's U.S. Operations announced a series of executive changes last week. The changes are a result of Sun Life's acquisition of Keyport Life Insurance, a fixed and variable annuity provider.

Hotchkis and Wiley Capital Management has rehired a former executive, the firm announced last week. Pat McMenamin has been named managing director, institutional marketing of the firm after a five year hiatus.

Guest columnist Robert Carr is a senior VP and head of account management at Wechsler Ross & Partners, a marketing firm that serves the mutual fund and investment management industries. Before joining Wechsler Ross & Partners, Carr worked for Citigroup where he focused on third-party distribution.

MFMarketnews.com is keeping abreast of the industry's latest developments with postings twice a day. If you didn't log on last week, here are some Web exclusives you missed:

John Hancock unveiled the John Hancock Large Cap Spectrum Fund today as an answer to investors looking for a little bit of everything.

Robert Woodward, executive VP and chief investment officer at Nationwide and Nationwide Financial will retire after 37 years with the company. Woodward, who joined the company n 1964 as a mortgage loan underwriter, will leave when the firm names a replacement.

HSBC Bank Canada’s fund unit, HSBC Investment Funds, is going load and will sell its products through third-party financial advisers. The 17-fund unit is adding new share classes to target advisers. The funds were formerly distributed through HSBC bank branches as no-loads, but not anymore.