Money Management Executive Latest News

U.S. mutual funds and ETFs drew in $17.9 billion the week ended Jan. 30, wrapping up the first month of 2013 with total net inflows of $51.7 billion.

Total money market mutual fund assets dropped by $770 million to $2.695 trillion for the week ended Wednesday, January 30, according to the Investment Company Institute.

Jeff Knight, who previously led Putnam Investments’ Global Asset Allocation investment unit, which manages specialized multi-asset class portfolios for retail and institutional clients, has left the firm to pursue other opportunities, according to the firm.

Morningstar announced today that it has awarded the Gold to two mutual funds, one a former Silver-rated fund and the other a brand new Medalist.

Bandon Capital Management has hired Whitney Dow as Managing Director, responsible for spearheading the firm’s marketing and relationship management efforts.

Pacific Investment Management Co., the world’s largest manager of actively run bond funds, has appointed Marc Seidner as interim head of global equities after Neel Kashkari’s departure last week, according to a person familiar with the matter.

Vanguard is switching indexes for five of its funds today.

Mutual funds that invest in U.S. stocks had another strong week, picking up $3.5 billion. They have now picked up $16.1 billion in a three-week period, a strong start after 25 weeks of declines.

First, there was the Great Recession.

The TCW/Carlye deal is drawing ever closer and new rumors of more potential defections from the bond shop continue to swirl.