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NICSA and Money Management Executive announce the opening of nominations for the 2013 NOVA Awards program recognizing outstanding service, leadership and innovation inside asset management firms.
June 6 -
New York-based Gerstein Fisher has launched the Gerstein Fisher Multi-Factor Global Real Estate Securities Fund (GFMRX) to make bets on real estate investment trusts and other related securities.
June 6 -
Legg Mason has added John Murphy and John Myers to its Board of Directors, effective immediately. Murphy was appointed to the Audit and Compensation Committees and Myers was appointed to the Nominating & Corporate Governance and Risk Committees.
June 6 -
Payden & Rygel is looking to tap into the broker dealer channel with a new partnership.
June 6 -
Is Legg Mason leaning towards making a run at private equity?
June 6 -
A new survey by Ceres, an advocate for sustainability leadership, gives a pat on the back to three fund companies for supporting the majority of shareholder resolutions filed with companies on climate change and a slap on the hand to six others for not supporting a single resolution.
June 6 -
John Hancock has implemented new breakpoints for three mutual funds, effective June 1.
June 5 -
Total estimated inflows to long-term mutual funds were $1.48 billion for the week ended Wednesday, May 29, according to the Investment Company Institute.
June 5 -
Exchange-traded funds gathered record net inflows of $107 billion through the end of May 2013, which is 31% higher than the $82 billion in net flows at this time in 2012, according to data from ETGI.
June 5 -
The Securities and Exchange Commission on Wednesday unanimously agreed to propose reforms for money market funds to make them less susceptible to runs, such as those that occurred in 2008 when Reserve Primary Fund "broke the buck" and investors pulled $300 billion from other prime money market funds.
June 5