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Compass EMP Funds may have just launched 13 new mutual funds, but the Nashville, Tenn., firm isn't finished just yet.

Neuberger Berman hired Brian Layton senior vice president and head of its Boston-based wealth management group.

Kayne Anderson Rudnick, a boutique investment adviser and affiliated manager of Virtus Investment Partners, has promoted Doug Foreman to co-chief investment officer, effective January 1, 2013.

For the week ended Nov. 20, investors yanked an estimated $7.51 billion from U.S. stock funds, bringing total outflows to more than $131 billion for the year.

Mutual funds experienced outflows of some $5.52 billion for the week ended Tuesday, November 20, according to the Investment Company Institute.

Advisers targeting defined contribution plans have new research to rely on.

With women on pace to take control of more wealth in the coming years, female clients represent a major opportunity for financial advisors who make a concerted effort to engage with them. This could be bad news for advisors, both male and female, who don’t understand how to communicate with women clients. This was the theme at Fidelity Investments’ Growth Strategies Forum: Engaging Women Clients, conference on Wednesday.

Exchange-traded funds hit a speed bump last month after coasting through much of the year in the black.

Compass EMP Funds announced today that it has increased its fund lineup more than fivefold with the launch of 13 new mutual funds.

Portland, Ore.-based alternative mutual fund shop Bandon Capital Management has added Terry Swenson as Managing Principal, responsible for the firm’s distribution strategy in intermediary channels.