Money Management Executive Latest News

  • On June 1, 2012, Thomson Reuters acquired the mutual fund database business of The Globe and Mail, the Toronto-based newspaper and mutual fund information service provider.

    June 1
  • On May 31, 2012, Robert B. Kaplan, former co-chief of the Asset Management Unit of the U.S. Securities and Exchange Commission’s Division of Enforcement, joined Debevoise & Plimpton LLP as a litigation partner resident in the firm’s Washington, D.C. office.

    May 31
  • On May 31, 2012, Newport Beach, CA-based PIMCO filed paperwork with the Securities and Exchange Commission to launch a new fund, dubbed the Short Asset Investment Fund, to bet on investment grade bonds.

    May 31
  • On May 31, 2012, The AlphaClone Alternative Alpha ETF (NYSE: ALFA) has begun trading today, launched by Exchange Traded Concepts and AlphaClone LLC.

    May 31
  • On May 31, 2012, Brentwood, Tenn.-based Compass Efficient Model Portfolios has launched five new equity indexes, which are calculated by Dow Jones Indexes.

    May 31
  • On May 31, 2012, Morningstar, Inc. named Thomas Idzorek, chief investment officer of Morningstar Investment Management, to president of Morningstar’s global Investment Management division.

    May 31
  • Hartford Financial Services Group Inc. last September put the brakes on its effort to sell its mutual-fund unit to private equity shop Clayton Dubilier & Rice LLC after banks cut back on lending for leveraged buyouts.

    May 31
  • On May 30, 2012, Teucrium Trading, LLC named Steve Kahler, who joined the firm in November 2011, as its chief operating officer.

    May 30
  • On May 30, 2012, total estimated outflows from long-term mutual funds were $4.92 billion for the week ended Wednesday, May 23, according to data from the Investment Company Institute.

    May 30
  • On May 30, 2012, Fidelity Investments unveiled its Fidelity Global Bond Fund and Fidelity International Bond Fund, available directly to investors, as well as through financial advisors.

    May 30