-
Putnam Investments has launched the Putnam Dynamic Risk Allocation Fund, a ’40 Act mutual fund that uses the “risk parity” approach of its successful Putnam Total Return portfolio for institutional investors, which has delivered average annual returns of 9% since inception five years ago.
October 4 -
State Street has acquired Complementa Investment-Controlling AG, a Swiss supplier of investment performance measurement and analytics services.
October 4 -
Eaton Vance and Richard Bernstein Advisors have launched the Eaton Vance Richard Bernstein All Asset Strategy Fund, with Richard Bernstein, CEO and CIO of the eponymous firm serving as manager of the fund.
October 3 -
DoubleLine Funds Trust has launched the DoubleLine Low Duration Bond Fund.
October 3 - Money Management Executive
Butterfield Fulcrum has partnered with Luxembourg Investment Solutions to offer fund administration services in Luxembourg. The fund administration company will serve everything from mutual funds to UCITS.
October 3 -
HSBC Global Asset Management has launched the HSBC Frontier Markets Fund, whose aim is long-term capital appreciation by investing in companies located in or economically tied to frontier market countries. These include such nations as Argentina, Qatar Bangladesh, Kenya, Kazakhstan and Vietnam. The fund will track the Morgan Stanley Capital International Frontier Emerging Markets Index.
October 3 -
Loomis Sayles has launched the Loomis Sayles Senior Floating Rate and Fixed Income Fund, aimed at navigating changing economic cycles by taking a flexible approach to investing in bank loans and other credit instruments.
October 3 -
The Securities and Exchange Commission is warning broker-dealers it will scrutinize the procedures they use to ensure they don't run afoul of the new market access rule when dealing in subaccounts used by disreputable day traders.
October 3 -
Chi-X Europe and Russell Indexes Monday introduced a series of stock indexes that they hope will be benchmarks for pan-European markets.
October 3 - Money Management Executive
Mutual funds may have wielded the ax heavily on the people and technology to drive costs down, since the credit crisis erupted three years ago.
October 3