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Bond funds netted redemptions of $59 billion (excluding exchange-traded funds) last month, according to Strategic Insight.
July 15 -
Alternative mutual fund shop Collins Capital has appointed Casey Wamsley as a director, focusing on both the mutual fund and limited partnership businesses of Collins Capital.
July 15 -
USAA Investments has added two new mutual funds to its lineup.
July 15 -
BMO Global Asset Management is expanding its institutional sales and trust and custody units with the addition of Sean Curry as a relationship manager, consultant relations, and Kimberly Palleon as manager for trust and custody services.
July 12 -
Russell Investments has appointed Mark Schlafly as managing director of client solutions for the firms U.S. advisor-sold business.
July 12 -
On April 19, three weeks before he said the 30-year bull market in bonds was over, Bill Gross announced he was buying TIPSTreasury Inflation-Protected Securities.
July 12 -
Investors withdrew $43.8 billion from taxable-bond funds and $16.4 billion from municipal-bond funds, making June the worst month on record for bond funds in terms of total outflows, according to Morningstar.
July 12 -
Global assets under management are set to cross the $70.4 trillion mark by the end of 2013, an increase of $20 trillion from 2008, according to new findings from Cerulli Associates.
July 12 -
Last month, State Street Global Advisors revealed numerous changes meant to modify its core teams in the traditional asset space.
July 11 -
Mutual fund liquidations have risen within the first six months of 2013 compared to the same period last year.
July 11