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Money Management Executive, a SourceMedia publication for executives in the asset management industry, is proud to announce the 9th Annual 2011 Fund Operations Awards, now called The NOVAs, with a number of exciting changes to the program.

Neuberger Berman has launched the Neuberger Berman Global Allocation Fund, a flexile, go-anywhere fund designed to serve as the core of an investor’s portfolio.

Alternative investment advisor Equinox Fund Management has launched the Equinox Commodity Strategy Fund, a market-neutral mutual fund that aims to exploit inefficiencies in the futures contracts market by taking both long and short positions.

Successful advisory firms make intelligent, strategic choices in hiring, compensating and developing employees.

BNY Mellon has launched BNY Mellon Connect Mobile, an application that gives customers access to its foreign exchange research and cash investment tool, Liquidity DIRECT Mobile, via an iPad.

ING’s U.S. Retirement Services business will offer the ESG Managers Portfolios, socially responsible asset allocation portfolios from Pax World Management and sub-advised by Morningstar, to the defined contribution plans it administers.

Highland Funds has merged the Highland Floating Rate Advantage Fund and the Highland Floating Rate Fund into the Highland Floating Rate Opportunities Fund, which offers better, daily liquidity features.

If financial planners want to provide impartial advice to their clients, they should truly be fee-only, instead of charging additional fees on the assets they have under management. So says H. Jude Boudreaux, the founder of Upperline Financial Planning in New Orleans.

The Hartford is betting that enhancements to its variable annuity suite will pull it ahead of competitors in the race to offer investors secure retirement income options.

Investors' infatuation with both exchange-traded funds (ETFs) and dividend-paying stocks helped Global X Funds' new SuperDividend ETF fly out of the gates in its first trading day last week.