Special Program Root Tag

Evermore Global Advisors has launched the Evermore Global Value and Evermore European Value funds, both of which will be managed by David Marcus and Jae Young, formerly with Franklin Mutual Advisors.

Muriel Siebert likes municipal bonds.

It's about time mutual fund product developers thought out of the Morningstar investment-style box to give portfolio managers the ability to do an about-face.

Investment managers around the world are cautiously optimistic about stocks in the coming year but more guarded about bonds, Towers Watson found in a survey of 98 managers with a total of $13.3 trillion of assets under management. They foresee economic growth, albeit modestly.

Bank of America plans to spend $15 million to $20 million on a new advertising campaign targeting retirees. The four-month "help2retire" campaign, which launched this month, will include national print and television advertising as well as billboards and online ads.

It's about time mutual fund product developers thought out of the Morningstar investment-style box to give portfolio managers the ability to do an about-face.

PIMCO Taps Pickering as SVP, ETF Marketing Chief

MIAMI -- Technological advances are allowing investment firms to add ever-increasing layers of information to their products, but leaders say the financial services industry should be doing more to reduce complexity for the end user so investors can make sense of it all.

MIAMI -- Nearly two years after the collapse of Bear Stearns tipped off a global financial crisis, many people are still frustrated, confused, afraid, angry or resentful. Investors, regulators, legislators and Wall Street executives occasionally look for someone to lash out at, but no one is sure whom to blame or how to prevent such a disaster from happening again.

AllianceBernstein Gives Target-Date Funds 20% Leeway to Manage Excessive Risk

Following a fall in January that sent him to intensive care with numerous broken bones, American Century's James E. Stowers has ceded control of the company he founded in 1958 to co-chairman Richard W. Brown.

F-Squared Investments has created the AlphaSector AllWeather Indexes, which aim to serve as a new tool for retirement income and pension plan sponsor funding requirements by concentrating on minimizing downside risk. F-Squared is offering separately managed accounts tracking them, and is currently exploring other product options with several providers.

Many financial institutions are significantly underestimating the impact that new cost-basis rules will have on them, according to a study by research group TowerGroup and technology vendor Scivantage.

Fidelity Investments expects its retirement assets to continue to increase this year as both employers and employees become more engaged with 401(k) plans.

Are recent changes to variable annuities making them harder to sell?

Long-term mutual funds continued to attract assets, netting $406 million in the week ended Feb. 10, brining the past 48 weeks of sales to a total of $471 billion, the Investment Company Institute said.

Emerging Global Shares, a company dedicated to emerging market exchange-traded funds and that so far has launched five ETFs, is introducing the China Infrastructure Index Exchange-Traded Fund, the first ETF focused solely on China’s infrastructure.

Exchange-traded funds, once the province only of institutional investors, are increasingly resonating with wealthy investors, The Wall Street Journal reports.

HighTower, a financial advisory firm serving high-net-worth clients, has selected Fidelity Investments as the primary custodian for its news $500 million boutique, The Strata Wealth Management Group at HighTower.

Citigroup has introduced the CitiDirect Performance and Risk Management Service, a risk-reporting middle-office application that uses heat-mapping visualization technology. It permits asset managers to aggregate multiple, manually generated reports into a single-information view.