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Total U.S. mutual fund assets increased by $161.5 billion to $12.338 trillion in July, according to the Investment Company Institutes official survey of the mutual fund industry.
August 30 -
Thrivent Asset Management has launched the Thrivent Partner Emerging Markets Equity Fund, which will be subadvised by DuPont Capital Management Corporation.
August 30 -
New York-based Drexel Hamilton Investment Partners, the investment adviser for each of Drexel Hamilton 8IP Asia Pacific Equity Fund and the Drexel Hamilton FOUR European Equity Fund, this week decided to liquidate the two mutual funds.
August 30 -
Investment advisory shop Arnerich Massena has promoted Scott Dunbar to managing director of advisory services.
August 30 -
A computer application deployed by the Charles Schwab Corporation that supported day trading online has flagged cherry picking of profitable trades by a Connecticut financial advisor
August 29 -
For the week ended August 22, investors pulled an estimated $4.48 billion from U.S. mutual funds, substantially more than the $2.72 billion they withdrew the week before.
August 29 -
Loomis, Sayles & Company is closing its Loomis Sayles Small Cap Growth Fund (LCGRX) to new investors on September 14.
August 29 -
On the heels of hiring a new chief marketer, Forward is embarking on a marketing campaign this fall to spread the word about its alternative mutual fund products
August 29 -
The former CFO and Treasurer of Legg Masons fixed income funds has been barred from the securities industry for altering books and records of one of the funds.
August 29 -
Federated Investors has tapped Craig Bingham to lead the firms new Asia Pacific subsidiary and is opening an office in Melbourne, Australia.
August 29