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OppenheimerFunds, the U.S. investment fund that manages about $208 billion, has sued Doux SA in New York, claiming its owed almost $74 million by the French poultry producer placed under administration.
June 27 -
Last year, global asset managers experienced their highest operating margins since 2007, according to a new survey by consultant Casey Quirk and research shop McLagan.
June 27 -
Its not all good news on Wall Street these days.
June 27 -
Assets of all exchange-traded funds rose in May by $12.14 billion to $1.481 trillion, according to the Investment Company Institute. Over the past 12 months, ETF assets rose $365.27 billion, or 32.7%.
June 27 -
Mutual funds gave back $5.43 billion for the week ended Wednesday, June 19, according to the Investment Company Institute.
June 26 -
Broadridge Financial Solutions has agreed to acquire Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.
June 26 -
The Hartford Funds has named Brian Garrette and Michael Tobin divisional sales managers, overseeing the mutual fund company's south and west regions, respectively.
June 26 -
Janus Capital Group has appointment Jeff Pawliger as regional director with Janus' Advisor Solutions Group to spearhead the growth of Janus' intermediary distribution and sales in Southern Florida.
June 26 -
Direxion has launched two leveraged exchange-traded funds that track Japanese equity market performance.
June 26 -
Little Silver, NJ-based WBI Investments has added two mutual funds to its lineup: the WBI Absolute Return Balanced Plus Fund (WBPNX, WBBPX) and the WBI Absolute Return Dividend Income Fund (WBDNX, WBDIX), bringing the fund family to four funds.
June 25