Special Program Root Tag

A federal judge has declared that Fidelity Investments and the American uni

It's not every day that you see a shot in the seeming dark come to be, in a matter of weeks.

Sal Gilbertie, former head of the OTC Energy and Renewables Desk at Newedge USA, is the co-founder of Albuquerque, N.M.-based Teucrium, exchange-traded fund shop that specializes in futures trading of agricultural commodities.

Chicken Little was wrong about municipal bonds and the funds that invest in them.

Here is what investors get told, before investing in one set of exchange-traded notes:

Norwood, Mass.-based W.E.Donoghue & Co., Inc. has struck up a distribution deal with Mutual of Omaha’s Retirement Plans Division to distribute its Power Income Fund to retirement plan participants.

Federated Investors, Inc. is acquiring $5 billion of money market assets from four Fifth Third money market funds and merging them into four existing Federated money market funds.

Just five months after agreeing to buy Old Mutual Asset Management’s funds from the firm’s U.S. mutual fund business, Cincinnati, Ohio-based Touchstone Advisors today revealed that it is acquiring the assets of 16 mutual funds from Fifth Third Bancorp.

There were 7,693 mutual funds at the end of February 2012, according data from the Investment Company Institute.

MassMutual's Retirement Services Division has added a new senior relationship manager and a managing director to its sales and client management organization increasing the company's support for retirement plan customers in the South/Central region.

The Exchange Traded Products (ETP) industry recorded its best ever start to a year, attracting net new assets of $67.3billion in the first quarter of 2012, a 57% increase over the $42.8billion gained in the first quarter of 2011, according to the Q1 2012 ETP Landscape Report released by BlackRock. The first quarter 2011 figure had previously been the best annual start on record.

Investors continue to spurn mutual funds that invest long-term in U.S. stocks, according to the latest statistics from the Investment Company Institute. For the week ended March 28, investors pulled $3.53 billion from domestic stock funds, the largest weekly outflow so far this year.

Bank of Montreal Global Asset Management has moved its defined contribution business away from its Institutional Trust services arm and given it a new brand name, BMO Retirement Services.

Exchange-traded funds are off to a strong start, with record first-quarter inflows reaching $55.9 billion.

Natixis Global Asset Management (NGAM) has launched international hedged equity fund from Gateway Investment Advisers, LLC (Gateway), designed to play a conservative, risk-managed role in a portfolio allocation to international equity.

INTECH Investment Management LLC (INTECH), an independently managed subsidiary of Janus Capital Group Inc., launched two global dividend strategies: one focused on seeking capital appreciation and higher-than-average dividend yields and the other focused on absolute risk.

There were more than 8,500 mutual funds at the end of 2010, according to the 2011 Investment Company Fact Book. They range from long only equity and bond funds to alternative long/short mutual funds.

Milwaukee, Wisc.-based CliftonLarsonAllen Wealth Advisors has teamed up with Academy Asset Management, a Philadelphia, Pa.-based investment advisor to launch Innovator Management LLC, purveyor of the Innovator Matrix income Fund.

A federal judge has declared that Fidelity Investments and the American unit of ABB, Inc. violated federal laws by making pension holders pay excessive 401(k) plan fees, and has ordered the defendants to pay $36.9 million in damages.

Independent mutual fund service provider Ultimus Fund Solutions, LLC has hired Kirk Littleton as director of business development to help the company double its business within the next seven years.