Money Management Executive Latest News

Blaine Rollins has joined 361° Capital as a managing director, senior portfolio manager and member of the investment committee. He was previously an executive vice president and portfolio manager at Janus, running a number of funds, including the Janus Fund and the Janus Balanced Fund. Rollins was with Janus for 16 years and began his career at AMG as an analyst.

htretirement services unit is generating significant new business, much of it from existing clients of the bank.

As Fidelity Investments plans to move 1,000 jobs out of Massachusetts to New Hampshire and Rhode Island, lawmakers are planning to hold hearing on March 29 to discuss how to penalize companies that receive tax breaks and then move.

Large asset managers are beginning to focus more on providing retirement income solutions, according to survey by Hearts & Wallets of nearly two dozed large, multifaceted firms with more than $10 trillion in assets under administration.

Global X Funds on Thursday launched the Global X S&P/TSX Venture 30 Canada ETF, an exchange-traded fund that targets companies on Canada’s junior exchange for emerging companies, the TSX Venture.

Long-term funds took in $4.5 billion in the week ended March 9, the Investment Company Institute said.

Seventy-one percent of financial advisers foresee the greatest investment opportunities in the decade ahead outside of the U.S., a survey of 556 advisers by Franklin Templeton and SourceMedia found.

The number of households with a net worth of $1 million or more, not including their primary residence, grew by 600,000, or 8%, to 8.4 million in 2010, according to the “Affluent Market Insights 2011” report from Spectrem Group.

Patrick Dorsey, formerly director of equity research at Morningstar, is joining Sanibel Captiva Trust as vice chairman, director of research and strategy. He will also serve as chairman of the company’s asset management committee.

Van Eck has launched the Market Vectors Colombia ETF in response to investors’ growing interest in emerging markets outside the BRIC nations (Brazil, Russia, India and China).