Money Management Executive Latest News

On Aprill 11, Mirae Asset Management named a new retail sales head.

HAGIN Investment on Apirl 11 HAGIN Investment hired an administrator for its first mutual fund.

Whitebox Advisors is making a concerted push into the RIA channel with the help of a new marketing partner.

Market Vectors launched on Apirl 11, 2011 a new ETF focusing on U.S. Fallen Angel debt

Sal Gilbertie, former head of the OTC Energy and Renewables Desk at Newedge USA, is the co-founder of Santa Fe, N.M.-based Teucrium, exchange-traded fund shop that specializes in futures trading of agricultural commodities.

San Antonio, Texas-based USAA has hired Keith Sloane, as head of third-party distribution, responsible for expanding the firm’s strategic partnerships with third-party platforms and registered investment advisers.

The Advisor Solutions Group at Neuberger Berman LLC has added 11 senior regional directors in 10 new regions as it seeks to grow its mutual funds business among wirehouses and regional broker dealers.

The median profit margins of investment advisors, both pre- and post-marketing costs, rose in 2011, according to Lipper’s latest research report, Investment Management Profitability Analysis for 2012.

There’s been a death in the Vanguard Family. Howard B. Schow, co-founder and chairman emeritus of PRIMECAP Management Company and longtime co-manager of several Vanguard funds, has passed away at 84 years old.

Saturna Capital Corporation, investment adviser to the Amana, Sextant, and Idaho Tax-Exempt Mutual Funds, has launched the Sextant Global High Income Fund, a flexible mandate fund which seeks high income from a globally diversified portfolio of debt and equity securities.