Hartford Financial Services Group has doubled the pace of its fund sales this year compared with 2005. Second-quarter sales were $2.8 billion. The Connecticut insurer has been able to gain distribution thus far by leveraging the success of its variable annuity business -- it had assets under management of $106 billion at the end of June.
The closed-end Alpine Global Dynamic Dividend Fund raised $476 million in its common-share offering and began trading on the New York Stock Exchange in July under the symbol AGD. It will be managed by Jill K. Evans, who has managed the open-ended Dynamic Dividend Fund since its September 2003 inception, and Kevin Shacknofsky, who has been managing the fund with Evans since July 2004.