Money Management Executive Latest News

Portland, Ore.-based alternative mutual fund shop Bandon Capital Management has added Terry Swenson as Managing Principal, responsible for the firm’s distribution strategy in intermediary channels.

The Nationwide Funds Group is taking two tacks to drive growth of assets.

Direxion has merged its websites for Direxion Funds and Direxion Shares to give its advisors and investors a one-stop online shopping destination.

Sure, investors still feel nervous, companies are hesitating to spend cash, and all attention is on fixed income and bond funds.

Loomis, Sayles & Company has added Peter Frick as an emerging markets debt portfolio manager alongside co-managers Edgardo Sternberg and Dave Rolley.

New research from Cerulli Associates finds that passive mutual fund assets have increased 95% since 2008, jumping from $572 billion in 2008 to $1.1 trillion through the first half of this year.

The Wilmington Rock Maple Alternatives Fund has dropped Whitebox Advisors as one its many subadvisors, Money Management Executive has learned.

Contrarian shop Dreman Value Management is nixing its lineup of five mutual funds citing a lack of investor interest, increasing operating costs and a tougher regulatory landscape.

A year ago, Morningstar introduced its forward-looking analyst ratings system for the mutual funds it covers in the United States.

Nuveen Investments has added equities veteran Bob Doll to its asset management team.