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On April 16, 2012, Federated Investors, Inc. has completed its purchase of the London-based liquidity and fixed-income product manager Prime Rate Capital Management.

Patrick Morris is a veteran hedge fund manager who has come in from the cold.

Emerging markets shop Mirae Asset Global Investments (USA) has named Robert P. Mulligan as Head of Retail Sales and Distribution.

Some firms grow organically, pumping out funds. Then, they hire reps and distributors to market and sell their offerings.

Minneapolis-based Whitebox Advisors, the $2.3 billion asset management firm founded by Andrew Redleaf, is making a concerted push into the Registered Investment Advisor channel with the help of third-party marketing firm Havener Capital Partners LLC.

Last year was a challenging year for mergers and acquisitions between financial services firms, according to PricewaterhouseCooper's latest M&A insights report.

Mutual fund assets within Defined Contribution Investment Only programs, which are used to support 401(k) retirement plans, have been growing in size and disparity in recent years.

Non-bank financial companies-including mutual fund operators-should get ready to find out whether they will be designated a "systemically important financial institution," aka, SIFI, now that the Financial Stability Oversight Council released final rules on April 3, according to Federal Reserve Chairman Ben Bernanke.

On April 16, the Securities and Exchange Commission charged the former chief financial officer of optionsXpress and three other officials of the online options and futures brokerage of engaging in “an abusive naked short selling scheme’’ involving billions of dollars of sham trades.

While plenty of attention is paid to the hundreds of Merrill brokers who quit since BofA acquired the firm in 2008, recruiters expect similar numbers to leave out of roughly 1,000 Merrill brokers who had worked for Bank of America Investment Services.