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Franklin Resources has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management.

Within the past month, a number of mutual fund shops have embarked on branding campaigns.

RiverPark Funds is closing the RiverPark Short Term High Yield Fund (RPHIX, RPHYX) to new investors on June 21.

J.P. Morgan Asset Management's U.S. money market funds will begin disclosing their daily and weekly liquid assets online each business day as of the prior business day, effective June 18, 2013, according to the firm.

Less than a week after landing another Morgan Stanley advisor, Raymond James has lured a Midwestern group with over $240 million in assets under management from Morgan Stanley to its independent-broker dealer.

A total of 36 firms managed to increase their revenue last year. Check out the firms that moved the needle in 2012.

Now is a good time to buy contemporary art, even though prices have never been higher, the Dallas-based collector Howard Rachofsky says as he digests his bratwurst.

The executive of Sacramento County in California recently attributed the increase in his county’s pension costs to “investment losses during the recession.”

Ridgefield, Conn.-based Simple Alternatives, an alternative mutual fund shop, has added two more long/short managers to its flagship S1 Fund (SONEX), a multi-manager, long/short equity mutual fund.

Wells Fargo Advisors has hired nine financial advisors from Morgan Stanley, Merrill Lynch and RBC Capital Markets with $1.12 billion in assets under management.