Money Management Executive Latest News

Investment advisor Matthew Tuttle spends a lot of time moving the money of newly-acquired clients out of mutual funds and into exchanged-traded instruments.

BlackRock Investments Canada Inc., an indirect, wholly-owned subsidiary of BlackRock, Inc. today said that it will liquidate the Claymore Inverse 10 Yr Government Bond ETF and distribute to shareholders the proceeds from the liquidation of the assets by June 22.

Expanding its relationship with Wellington Management, The Hartford is relocating the headquarters of its mutual funds business to Radnor, Pennsylvania, in a complex where Wellington also has an office. It also plans to hire as many as 50 new sales people to this office, adding to the already existing 100 person force nationwide, to support sales of its funds in the advisor-sold and defined contribution investment only (DCIO) channels. .

Tradewinds Global Investors, a subsidiary of Nuveen Investments, is throwing in the towel on its Global All-Cap Plus Fund.

Henderson Global Investors Inc. has launched an all asset fund aiming at long-term growth of capital with lower volatility through flexible allocation across a wide range of asset classes around the world.

Peter Dorsey has been named the new managing director of institutional sales for TD Ameritrade Institutional, a division of TD Ameritrade, Inc.

Aston Asset Management, LP has promoted Mark Kim to managing director, Southeast region where he will be responsible for external sales. Kim has been with Aston for seven years.

How do you reach out to gun-shy investors and get them talking to their advisors, and vice versa?

Financial services firms, including mutual fund managers, admitted that they invited negative public perception by their actions, or inactions, according to the 2012 Makovsky Wall Street Reputation Study.

Mutual funds come in every shape, size and color imaginable. How else are newcomers and smaller fund firms supposed to contend against 8,500 of their peers, already extant?