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The moment was remarkable, if not dramatic.

Invesco’s shareholders of the Invesco High Income Municipal Fund and the Invesco U.S. Mid Cap Value Fund have approved a plan to merge those funds into the Invesco Van Kampen High Yield Municipal Fund and Invesco Van Kampen American Value Fund.

SEI, a provider of investment processing, fund processing, and investment management business outsourcing services, has appointed Stephen Beinhacker as Global Head of Equities for SEI's Investment Management Unit.

Financial advisors such as Matthew Tuttle represent the front lines of raging conflict between mutual funds and exchange-traded products, in particular over management fees and related costs.

Stewart Capital Advisors, LLC, the investment advisor for Stewart Capital Mutual Funds, said that it has made the Stewart Capital Mid Cap Fund available as a no-load mutual fund effective April 1.

J.P. Morgan Retirement Plan Services, the retirement plan record keeping business of J.P. Morgan Asset Management, hired Carol Waddell as managing director and head of product and marketing.

RiverPark Advisors LLC, a New York-based investment advisory company, has launched the RiverPark Long/Short Opportunity Fund, an open-end mutual fund that was converted from an existing hedge fund launched in October 2009.

OPINION: Advisors and investors need to look carefully before investing in global opportunities, according to John Napolitano, chairman and CEO of U.S. Wealth Management.

Municipal bond defaults in early 2012 were up dramatically — or down dramatically — depending on how you look at the data.

UBS AG named several executives to senior positions in the United States and Europe, in the latest move by the Swiss bank to rebuild its business after a massive trading scandal and departures by scores of bankers in recent years.