Special Program Root Tag

Basing the awards on superior risk-adjusted results and shareholder stewardship, Morningstar has named its Fund Managers of the Decade, bestowing the honors on PIMCO’s Bill Gross, Fairholme’s Bruce Berkowitz and Oakmark’s David Herro, respectively, for fixed income, domestic equity and international equity.

Sponsors of 401(k) plans are determined to get their plans back on track in 2010 to avoid future market pitfalls, starting by taking a hard look at investment offerings and fees, Callan Associates found in its 2010 Defined Contribution Trends Survey.

As wealthy customers have started to reevaluate their financial situations, financial advisers at PNC Wealth Management have increased and improved their conversations with wealthy clients in an effort to retain and expand relationships.

Societe Generale’s U.S. savings and investment retirement plan has selected Putnam Investments to manage its $220 million defined contribution plan.

The JennisonDryden mutual fund family will be renamed Prudential Investments on Feb. 16.

FundQuest has selected Managed Portfolio Advisors as the overlay manager for its customizable unified managed account program.

Fidelity Investments’ venture capital unit has broken off from the fund giant to form an independent firm called Volition Capital. It will continue to manage its previous portfolio of 20 U.S. companies. Going forward, it will invest primarily in high-potential, founder-owned technology companies.

Investors contributed $1.1 billion to the Fidelity Charitable Gift Fund in 2009, a 4.7% increase from the $1.05 billion they gave in 2008.

With an increasing number of fund companies offering actively managed exchange-traded funds, including John Hancock, T. Rowe Price and PIMCO, this could be the new hot mutual fund category, some executives told Seeking Alpha.

Renowned economist and author Nouriel Roubini said little to cheer advisors at today’s Investment Management Consultants Association conference in New York, predicting an anemic U-shaped economic recovery in the U.S.

Independent firms will help shape the mergers and acquisitions scene in the asset management industry in 2010, according to investment bank Jefferies & Co.

BlackRock Friday threw a new type of product into the mix in the rapidly growing and evolving municipal bond exchange-traded fund industry.

The 51-year-old man who shot and killed three people, injured another five and then committed suicide in St. Louis last Thursday at an ABB Power manufacturing plant where he had worked was one of the plaintiffs in a lawsuit against ABB and Fidelity over 401(k) fees.

Janus Selects Weil as CEO

BRIC Funds Top Performers of 2009

Despite an overwhelming consensus among the scientific community that human activity is causing climate change, most of the world's largest investment managers do not factor climate-related trends into their short- and long-term investment decision making, a new study finds.

Vanguard was able to stand out in 2009 despite -- or perhaps because of -- a difficult market environment.

NEW YORK -- U.S. and international regulators are widely credited with having saved the global economy from plummeting into a second Great Depression, and the fragile, recovering economy can expect to see continued support for much of 2010, experts say.

After Janus appealed to the Supreme Court to dismiss a lawsuit against it for mutual fund market timing, the high court turned to the Obama administration for its input on the case, Janus Capital Group v. First Derivative Traders.

The Managed Funds Association is planning to create the largest database on hedge funds and use the information to lobby Washington. The database will amass each hedge fund’s assets, number of investors, location and various strategies—but encrypt the information so each fund’s information is anonymous.