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Manulife Asset Management has acquired the assets of Optique Capital Management of Milwaukee, Wisc. Terms of the deal were not disclosed, but the companies did say that Optique has $800 million in mutual fund and separately managed account assets under management.
February 14 - Money Management Executive
MIAMI -- There is one "really huge problem on the horizon" for the U.S. economy that could undermine its health, long-term, said Vanguard Group chief executive F. William McNabb III Monday.
February 14 - Money Management Executive
John Hancock Funds Monday announced a new advertising campaign to showcase its investment management expertise and trusted brand.
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John Hancock Annuities has created its second “Retirement Talk” module, this one focusing on retirement income and the emotions of a couple entering retirement.
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Exchange-traded funds are continuing to gain traction among Charles Schwab’s clients.ETF assets held by the firm’s clients climbed 34% in 2010, compared with 28% growth in the ETF industry overall, according to Schwab. The brokerage’s clients hold more than $111 billion in ETF assets.
February 14 - Money Management Executive
Asset management firms have made great improvements in the websites they have developed to help financial advisers sell their product over the past year, research by the Insured Retirement Institute and Corporate Insight found.
February 14 - Money Management Executive
Letting the net value of assets in a money market fund would "change the shape and form" of such funds -- and could create system risk.
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Smaller Asian nations, namely Hong Kong, Singapore and South Korea, will lead global growth over the next year, asst management, private equity and hedge fund executives said in a survey conducted by RBC Capital Markets.
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Bonaire Software Solutions announced Monday that it has signed a record number of new clients for its REVPORT revenue management and fee billing software suite.
February 14 -
TD Ameritrade has agreed to distribute approximately $10 million to customers who continue to hold shares of the Reserve Yield Plus Fund, a mutual fund that famously "broke the buck" on the net value of its assets in September 2008.
February 14