Money Management Executive Latest News

Pacific Investment Management Co.is opening up its Pimco EqS Long/Short Fund (PMHIX) to include bets on REITs

Northern Trust has launched the Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) to bet on infrastructure companies listed on a domestic or foreign exchanges, including emerging and frontier markets.

Mutual fund shareholders are paying their managers less today in fees than they were 20 years ago or even last year.

Cornerstone Capital Management, which currently serves as investment adviser to the Keystone Large Cap Growth Fund has entered into an agreement to sell the fund to New York Life Investment Management

Jeffrey Gundlach, the chief executive officer of DoubleLine Capital whose home was burglarized earlier this month, has offered some $1.7 million for information leading to the recovery of stolen artwork.

The 361 Absolute Alpha Fund has lowered its management fee from 165 basis points to 125 bps, effective Oct. 1

Lynette DeWitt, former Research Director - Financial Product Development, Marketing, & Distribution, at Boston Financial Data Services, has left the firm.

The U.S. Department of Labor's new regulations on 401(k) fee disclosures will serve as a wake-up call to plan sponsors and participants alike, once they stop hitting the snooze alarm, that is.

Federated Investors is on a roll.

Global X Funds, the New York-based provider of exchange-traded funds is liquidating four funds next month.