Money Management Executive Latest News

Hennessy Advisors closed out 2013 with a huge ramp up in assets thanks to its acquisition of funds from FBR Funds.

Legg Mason, the money manager best known as home to stockpicker Bill Miller, is folding Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.

So what does a quartet of space ships beaming up a cow and an exploding airbag have to do with investment management?

Look out for a switch in sub-advisers for one Touchstone Investments fund.

Morningstar has launched the Morningstar US Real Asset Index, a diversified portfolio of liquid assets that traditionally provide a hedge against inflation, including Treasury inflation-protected securities, real estate investment trusts, and commodity stocks and futures.

Two firms are touting the launch of a new high income fund.

Nasdaq OMX Group said it hired Bradley J. Peterson as its global chief information officer.

After four consecutive weeks of negative flows, mutual funds finally enjoyed a week of stellar sales.

Fidelity Investments has closed off one of its funds to new investors.

EIG Global Energy Partners has reached a deal with the TCW Group whereby EIG will publicly support the buyout of TCW by the Carlye Group.