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On June 6, 2012, American Century Investments named Peter Cieszko, senior vice president North America, to its management committee, the seven-person senior leadership team that oversees all key functional areas of the company.
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On June 6, 2012, Eaton Vance Corp. hired Michael T. Dirstine as vice president, Institutional Business Development, responsible for developing relationships with corporate and select public pension plans, endowments, foundations and other institutional investors.
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On June 6, 2012, The Securities and Exchange Commission charged OppenheimerFunds Inc. and its sales and distribution arm with making misleading statements about two of its mutual funds struggling in the midst of the credit crisis in late 2008.
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On June 6, 2012, Alternative mutual fund shop Equinox Fund Management, LLC hired BNP Paribas Financial Services to administer its Frontier Fund, a public managed futures family of funds.
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On June 6, 2012, Putnam Investments unveiled a new office in Beijing, representing the firms first foothold in China.
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On June 6, 2012, PIMCO added two more bond funds, the PIMCO California Municipal Bond Fund and the PIMCO National Intermediate Municipal Bond Fund, to its portfolio.
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Financial services firms and money management executives face an emerging issue that represents both an opportunity and a potential threat: How to leverage extremely large data sets, now termed "big data," to proactively manage risk, improve the customer experience and identify market opportunities.
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On June 5, 2012, T. Rowe Price added a new fixed income offering, the Emerging Markets Corporate Bond Fund (TRECX), to its suite of emerging markets bond funds.
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On June 5, 2012, ING Investment Management US ramped up its defined contribution investment only team with a trio of new hires.
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On June 5, 2012, Global X Funds, the New York based provider of exchange traded funds, launched a fund that gives investors exposure to the largest hedge fund managers.
June 5