Money Management Executive Latest News

Brown Brothers Harriman & Co. has launched the BBH Global Core Select Fund (BBGNX and BBGRX), a successor to the BBH private investment partnership, BBH Global Funds, LLC – Global Core Select, which launched on April 2, 2012.

For the third consecutive week ended April 3, equity exchange-traded funds experienced net outflows, losing some $800 million, while their conventional mutual fund brethren took in $3.0 billion—for their thirteenth consecutive week of net inflows (bringing their year-to-date total to +$78.9 billion), according to data from Lipper.

Asset managers are constantly looking for new ways to gather assets for their firms.

Nasdaq OMX Group less than a month ago announced plans to re-launch its PSX exchange as a "better trading venue" for exchange-traded funds, notes and other related products.

Amazon.com is the type of stock that most growth managers have loved the past several years.

Curian Capital has added Gabriel Burstein as head of the Investment Strategy group.

Private-equity firms, the exclusive money managers overseeing $3 trillion worldwide for the wealthiest investors, are discovering a new type of client: ordinary people.

Franklin Templeton is the most recent fund manager to target the growing emerging markets bond fund category with the launch of the Templeton Emerging Markets Bond Fund.

MFS Investment Management has rolled out Class R5 shares for 40 of its US mutual funds. Class R5 shares allow MFS to offer a lower-cost share class option to plan sponsors of—and advisors working with—qualified retirement plans, including 401(k) plans. Class R5 shares, unlike many other share classes, do not pay sub-accounting fees.

Los Angeles-based Causeway Capital Management has named Foster Corwith and Alessandro Valentini as portfolio managers. Corwith and Valentini will join Causeway's six current fundamental portfolio managers in managing client portfolios on a team basis.