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Alert! Stock funds gained assets four weeks in a row, picking up $20.7 billion through January 30.
February 14 -
Small and mid-sized managers may be considering the switch to outsourced chief investment officers, and a new report shows that this practice may prove a mixed blessing.
February 14 -
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Robert Doll has been named portfolio manager of Nuveen Santa Barbara Long/Short Equity Fund, according to a regulatory filing.
February 13 -
The Depository Trust & Clearing Corporation has added new capabilities to one of its payment systems.
February 13 -
Time for a role call at BlackRock, which announced changes to its executive ranks today.
February 13 -
Blue Bell, PA-based wealth management shop Persimmon Capital Management has launched its first mutual fund, Persimmon Long/Short Fund (LSEAX), a multi-advisor mutual fund that employs long/short equity strategies. The fund started trading with $25 million of assets under management.
February 13 -
The US mutual fund industry is set to surpass $15 trillion in assets in February (open- and closed-end funds, and including exchange-traded funds), according to data from Strategic Insight.
February 13 -
Legg Mason Inc. (LM) named interim chief executive officer Joseph A. Sullivan as CEO, ending a five-month search for a leader to reverse five years of client redemptions and calm restive fund affiliates, according to a person familiar with the matter.
February 13 -