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BNY Mellon Asset Management tapped Christopher Sheldon as its new chief investment officer of The Dreyfus Corporation, the New York-based asset management and distribution firm overseeing more than $400 billion in mutual funds and separately managed accounts.

Morningstar has promoted William Harding to head of manager research for its investment management division, a new position in which Harding will develop best practices in investment manager research and selection.

A bad day for financial engineers in Chicago continued Wednesday, when the Securities and Exchange Commission said the assets of a quantitative trading firm were frozen.

BNY Mellon Asset Management has promoted Christopher Sheldon to chief investment officer of The Dreyfus Corp. Sheldon hails from BNY Mellon Wealth Management, where he was director of investment strategy and president of BNY Mellon Funds.

A closely watched index established by Dow Jones Indexes back in November 2010 began flashing red on Tuesday, a development that now has investors and their advisors reviewing the back-tested index’s history for signs of what’s to come and what investment strategies they should pursue next.

linkedFA, a social networking site for financial advisors and professionals, has boosted its content offerings thanks to a deal with press release distributor Businesswire.

A trio of finance professors are blasting the big three rating agencies, Moody’s in particular, claiming in a new report that they've unearthed evidence that asset classes that provide the agencies with most of their revenue benefit from better credit ratings while classes that provide less revenue receive harsher treatment.

It was not long ago that the term alternative investments prompted images of exotic venture capital, private equity and hedge fund investment strategies frequented almost exclusively by very wealthy households and institutional investors.

U.S. stock funds were hit with -$2.6 billion in outflows in the week ended Aug. 24, the Investment Company Institute said. Investors’ skittishness over market volatility again has gotten the best of them, after having invested a net $1.3 billion into U.S. stock funds the week prior.

Robert W. Baird & Co. has expanded its wealth management business nationally by hiring a new branch manager and six financial advisors previously handling $920 million in client assets.