MFMarketnews.com is keeping abreast of the industry's latest developments with postings twice a day. If you didn't log on last week here are some Web exclusives you missed:
* Armada Funds is beefing up its distribution staff, adding six external wholesalers and additional internal staff that will help distribute its products via the Web, company officials said. The new staff will allow the firm to get more aggressive in the small 401(k) plan sponsor market, they said. The firm also plans to use the additional staff to gain further distribution through fund supermarkets.