Money Management Executive Latest News

PIMCO is currentlly crossing the T’s and dotting the I’s on its latest offering, the PIMCO Mortgage Opportunities Fund.

Three ING funds are bidding their subadvisor, Tradewinds Global Investors, adieu.

Federated Investors is looking to take its fixed income prowess across the pond with the help of Bury Street Capital, a London-based investment marketing and distribution firm whose clients include leading global pension funds and wealth managers throughout Europe.

Mutual fund executive John Mattera, of Fort Lauderdale, Fla., pleaded guilty this week to three criminal counts, including conspiracy, securities fraud and wire fraud, in connection to an $11 million scam involving the sale of non-existent private shares in companies such as Facebook (FB) and Groupon (GRPN).

Teton Advisors (TETAA) has renamed its group of funds that it has advised since it was spun off from GAMCO Investors—Mario Gabelli’s fund group—in March 2009.

"Inventions have long since reached their limit, and I see no hope for further developments," Julius Sextus Frontinus, Roman engineer, 10 A.D.

UMB Fund Services has launched a transfer agency service dubbed Alternative Investment Communication Engine for it growing number of registered hedge fund clients and potential clients.

Pyxis Capital has hired Keith Watts as Head of National Sales.

Hatteras Funds has launched the Hatteras Managed Futures Strategies Fund (HMFIX, HMFAX), which bets on an existing $56 million strategy of the Hatteras Alpha Hedged Strategies Fund (ALPHX, APHAX, APHCX, ALPIX), a multi-strategy, multi-manager alternative mutual fund.

The Vanguard Mega Cap 300 Index Fund is replacing its index and changing its name in the next few months, according to a filing.