Money Management Executive Latest News

While hedge funds that have sought non-traditional investors have gone the ’40 Act route through funds-of-funds structures, they should consider separately managed accounts, according to a report from Pershing and Greenwich Associates based on detailed interviews with 41 hedge fund and investment managers and 27 institutional investors.

Hartford Financial Services Group Inc. has been selected to launch and manage a new advisor-sold 529 college savings program in Connecticut, the state’s treasurer announced Wednesday.

Putnam Investments will become the exclusive mutual fund sponsor of the U.S. Ski Team and sponsor of U.S. Snowboarding, for the next four seasons sponsoring U.S. athletes in the sports of alpine, freestyle and cross-country skiing, ski jumping, snowboarding and Nordic combined skiing.

Mutual of Omaha is holding 401(k) sales seminars, or boot camps, for advisers to 401(k) plans over the next year. The first six cities where the seminars will be held are Lansing, Mich., Pittsburgh, Orlando, Minneapolis, Kansas City and Dallas. Following the seminars, participants will receive a year’s worth of educational e-newsletters, and access to webinars and tools.

To help investors take advantage of opportunities created by shifting financial trends, Russell Investments has launched the Russell Global Infrastructure Fund and the Russell Global Credit Strategies Fund and added the two to the Russell LifePoints Funds Target Portfolio Series and the Russell Core Model Strategies.

UAT said it received a patent for technology that connects external money managers to computing platforms in real-time.

Dreyfus announced Wednesday at its annual national sales meeting that all of its wholesalers are getting iPads so that they will be able to share information with brokers and other clients more easily.

Long-term mutual funds netted $3.256 billion in the week ended Sept. 29, the Investment Company Institute said.

Registered investment advisers’ assets under management increased 13.4% from April 2009 to April 2010, or $4.6 trillion, according to the Investment Adviser Association/National Regulatory Services’ Evolution Revolution 2010 report.

Standard & Poor’s has announced the finalists for its inaugural U.S. Mutual Fund Excellence Awards program.There are 29 funds, from a starting pool of 19,000 mutual funds. Seventeen fund families are represented across ten categories. Gold, silver and bronze award recipients in each category will be announced during a live video broadcast in November, from S&P’s offices, the company said.