Money Management Executive Latest News

Two firms—Legg Mason (LM) and American Century Investments—both reported assets under management that showed assets growing, and in one case, reaching an all-time high.

Investment advisory firm Segal Rogerscasey has hired David Pappalardo as head of the firm's Advisors Solutions Group, a unit that provides access to Segal Rogerscasey’s institutional-quality research through financial intermediaries.

Equity mutual fund investors pulled $1.3 billion from their accounts (their fifth straight week of outflows), while equity ETF investors made a U-turn from the previous week’s withdrawal numbers and added a $12.1 billion to their accounts for the week ended Sept. 12.

Emerging markets shop Mirae Asset Global Investments (USA) is looking to corner the distribution market using the term “Great Consumer” for its funds

AdvisorShares is launching the STAR Global Buy-Write ETF (VEGA), which will begin trading on Sept. 18 on the NYSE’s Archipelago Exchange.

Janus Capital Group is growing its defined contribution investment only unit with addition of Ruben Gonzalez as a retirement director, Money Management Executive has learned.

Baltimore-based T. Rowe Price Group has named a former Fidelity senior official as its new head of global institutional services.

ING U.S.’s Retirement business has hired Jamie Ohl as president of Tax-Exempt Markets for the company’s institutional retirement operations.

Thomas McDonnell, the long-time chief executive of beleaguered financial services software company DST Systems, is retiring from the company at the end of this year.

ETF managed portfolios—those that typically have more than 50% of portfolio assets invested in ETFs—are one of the fastest-growing segments of the managed account sector, according to a newly released Morningstar report.