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The Principal Financial Group has entered into a definitive agreement to buy a 60 percent stake in Claritas Investments, Ltd., a Sao Paulo-based mutual fund and asset management company with more than $1.8 billion in assets under management.
March 1 -
Another financial services firm has entered the fray over providing customers high functioning mobile access.
March 1 -
Goldman Sachs Asset Management yesterday unveiled two funds today: a managed futures fund and a short duration income fund. These launches follow the launch of a rising dividend growth fund on Monday.
March 1 -
Bill Gross and his team of bond specialists at Pacific Investment Management Company built the Total Return Fund into the worlds largest mutual fund, with more than a quarter-billion dollars in assets. Can he (and they) repeat the trick, with a Total Return exchange-traded fund?
March 1
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J.P. Morgan Asset Management said that it has completed its reorganization of its Retirement Plan Services to fully align its sales force with retirement plan advisors.
February 29 -
After a strong start in February, domestic stock mutual funds saw cash outflows of $322 million in the most recent weekly statistics.
February 29
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Fidelity Investments has launched an initiative dubbed Thinking Big, for publicly promoting the research of its investment analysts and experts. The firm will launch the initiative in conjunction with its sponsorship of the 2012 TED conference, an annual event that brings together global thought leaders.
February 29 -
State Street Global Advisors has launched two equity exchange-traded funds designed to track MSCI Global Equity Indices, with one focusing on emerging markets and the other widely covering both developed and developing countries.
February 29 -
Larry Fink wants the asset management industry and government to take the lead in propping up investors morale in a flagging market.
February 29 -
Mutual of Omaha has named Seth Friedman to serve as 401(k) national sales director. He takes over for Michael Ziccardi, who left the firm in December to join Rekon Intrelligence, which works with advisors to help them build out their businesses.
February 29
