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Two affiliates of Palmer Square Capital Management have launched new mutual funds. The funds are the Nuance Concentrated Value Fund from Nuance Investments and the Tortoise MLP & Pipeline Fund from Tortoise Capital Advisors.

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Vanguard is preparing to offer a suite of exchange-traded funds in Canada, and the move is likely to set off a price war in a nation where fees have historically been high, according to reports.

With implementation of the Dodd-Frank Wall Street Reform Act about to shower hundreds of new rules on capital markets, it's easy for other legislation to take on a cloak of invisibility.

Just when financial advisers were starting to feel comfortable again, comes news that some key indicators are heading south again.

For a fund manager, picking stocks to buy or sell means sifting through hundreds of pages of reports, a like amount of e-mails and countless phone calls, every day. That's before choosing what algorithm and trading venue to use.

Retirees and near-retirees are nearly panicked about their future. They fear they will live in poverty in their senior years, according to one-on-one interviews conducted with 264 Baby Boomers by Financial Engines, a supplier of automated investment advice online.

Financial advisers do their clients a grave disservice when they focus too closely on market returns instead of engaging in true wealth management, according to David Loeper, author of a new white paper called "Measuring Temperature with a Ruler: Is Your 'Wealth Manager' Really a 'Return Manager' in Disguise?" and his colleague Perry Chesney.

The Securities and Exchange Commission has adopted rules that could reward individuals who blow the whistle on illegal activity in securities markets, with bounties on successful prosecutions.

The Los Angeles City Council two weeks ago passed a $6.9 billion budget. The council closed a $336-million revenue shortfall by cutting police overtime pay and some fire engine teams.

American Century Investments has hired Peter Cieszko as senior vice president. In this newly created position, Cieszko will be responsible for all institutional and intermediary sales in North America, including wirehouses, regional and independent advisors, banks, insurance companies, corporate and public pension plans, endowments and foundations. Reporting to Michael Green, head of global client relationships, Cieszko will join the company later this summer.

The financial crisis has, in fact, had a lasting impact on investors, a Prudential Financial survey of 1,274 Americans shows.

High gas prices, the federal deficit and high unemployment are depressing investor confidence, an investor survey conducted by Gallup for Wells Fargo shows.

The Department of Labor’s Employee Benefits Security Administration has extended the deadline for 401(k) plans to disclose fees and expenses to participants to 120 days after the Jan. 1, 2012 deadline. Originally, the deadline was 60 days after the effective date. As a result, plans now have until April 30, 2012 to provide the information.

The pause in the increase in gas prices and a sense that the job market is improving help lift the RBC Consumer Outlook Index 3.8 points to 46.7 in June, up from 42.9 in May. This is the highest level it has ever been at since the financial crisis struck in September 2008.

T. Rowe Price has launched the T. Rowe Price Emerging Markets Local Currency Bond Fund, in anticipation of those investors who would like to diversify away from the U.S. dollar.

Northern Trust has hired R. Peter Sanchez to serve as chief executive officer of Northern Trust Hedge Fund Services, upon the closing of Northern Trust’s acquisition of hedge fund administrator Omnium. Sanchez currently is global head of business development and client service at Omnium and has more than two decades of experience in capital markets.

J.P. Morgan Retirement Plan Services has launched a new social media forum for its plan sponsor clients called “Voice of the Community.”

Global X Funds has launched the Global X Farming ETF, an exchange-traded fund that focuses on companies involved in agricultural products, livestock operations and the manufacturing of farming equipment.

IndexIQ has launched the IQ Japan Mid Cap ETF, which it says is the first exchange-traded fund focused on Japanese mid-cap equities.