Money Management Executive Latest News

Exchange-traded funds are off to a strong start, with record first-quarter inflows reaching $55.9 billion.

Natixis Global Asset Management (NGAM) has launched international hedged equity fund from Gateway Investment Advisers, LLC (Gateway), designed to play a conservative, risk-managed role in a portfolio allocation to international equity.

INTECH Investment Management LLC (INTECH), an independently managed subsidiary of Janus Capital Group Inc., launched two global dividend strategies: one focused on seeking capital appreciation and higher-than-average dividend yields and the other focused on absolute risk.

There were more than 8,500 mutual funds at the end of 2010, according to the 2011 Investment Company Fact Book. They range from long only equity and bond funds to alternative long/short mutual funds.

Milwaukee, Wisc.-based CliftonLarsonAllen Wealth Advisors has teamed up with Academy Asset Management, a Philadelphia, Pa.-based investment advisor to launch Innovator Management LLC, purveyor of the Innovator Matrix income Fund.

A federal judge has declared that Fidelity Investments and the American unit of ABB, Inc. violated federal laws by making pension holders pay excessive 401(k) plan fees, and has ordered the defendants to pay $36.9 million in damages.

Independent mutual fund service provider Ultimus Fund Solutions, LLC has hired Kirk Littleton as director of business development to help the company double its business within the next seven years.

It looks like iShares isn’t going to be scared off that easily by the BATS Exchanges’s glitch last month.

Principal Funds has added three new regional directors to the firm’s investment only team: Marcel Dawson, Gary Nakamura and Pamela Suing. Each will focus on growth within the registered investment advisor distribution channel.

Investors’ confidence rose during the first quarter of 2012, according to the newly-released John Hancock Investor Sentiment Index.