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The Securities and Exchange Commission last week unveiled its money market fund proposals that, in part, seem to have won the support of its biggest critic: the Investment Company Institute.
June 9 - Money Management Executive
Arrow Funds is building out its sales team with an eye on expanding distribution of its alternative products in the RIA channel.
June 9 -
Thanks to advances in medicine and technology, more of us will live to see our grandchildren to adulthood.
June 9 -
ProShares has added Ramesh Babu as chief technology officer and William Poulin as head of product management.
June 7 -
The Wilmington Rock Maple Alternatives Fund (WRAIX) is making due with one less advisor starting today.
June 7 -
Portland, Ore. and Omaha, Neb.-based FolioMetrix has renamed its FMX retail mutual fund family the RiskX funds in favor of something that better reflects what the company does, according to the firm.
June 7 -
New York-based W.P. Stewart & Co. has hired Michael Maquet as chief executive officer, effective June 10.
June 7 -
Neuberger Berman Group has launched the Neuberger Berman Flexible Select Fund (NFLIX, NFLAX, NFLCX) to bet on The Fund will invest in the equity, fixed income and cash equivalent assets classes.
June 7 -
For the second consecutive week equity exchange-traded funds experienced net outflows, handing back some $2.8 billion, while their conventional mutual fund brethren took in $0.5 billionfor their twenty-second consecutive week of net inflows, according to Lipper data.
June 7 -
Active exchange-traded fund provider AdvisorShares is closing the AdvisorShares Rockledge SectorSAM ETF (SSAM) on June 21. The fund investing primarily in both long and short positions in U.S. sector ETFs.
June 7