Money Management Executive Latest News

Anchor Capital Advisors will hire Michael C. Pierre as portfolio manager and acquire the client accounts that he manages from Moody Aldrich Partners.

Assets of institutional money market funds increased by $13.17B in the last week, the third largest inflow of institutional money since the end of March.

Closed-end fund assets increased $1.61B during Q2. Equity fund assets decreased by $1.5B to $96.21B, and bond fund assets increased by $3.11B to $153.39B.

The world’s largest asset manager will use software from Hewlett-Packard to speed development of applications for Aladdin, its investment management platform.

Individual investors like what they see in long-term muni bond mutual funds and so have been pouring more money into them in 2012 than they have in years.

Defined contribution plan sponsors need to do a better job communicating key information to participants, according to a survey of plan participants.

BMO Asset Management is changing the investment objectives of several ETFs. The biggest change involves switching two of the ETFs to more recognized indices.

Henry Blodget, former cheerleader for the dot-come bubble, names the big fund managers that got taken to the cleaners with the Facebook IPO.

BlackRock remains the behemoth in ETF/ETP assets under management, with a global market share of over 38% and a U.S. market share of more than 40%.

Investors poured $7.2 billion into bond funds last week, while pulling $3.6 billion from funds that invest in U.S. stocks.