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Fidelity Investments, the mutual- fund firm best known for its star stock pickers since it was started almost seven decades ago, named former bond manager Charles Morrison to run its asset-management unit.

The world’s biggest bond dealers are showing almost no confidence in the best annual start for Treasuries since 2008.

GoldenTree Asset Management LP, the $18 billion corporate and structured credit hedge fund, hired Filippo Sampietro for its European asset-backed products business, according to two people familiar with the matter.

Mutual and exchange-traded funds are well-positioned for rising interest rates because most of their fixed income holdings are in short-term government bonds, according to Morningstar Inc.

Gold held losses after a two-day drop on expectations that the Federal Reserve will continue to taper stimulus in the U.S. and as holdings in the largest exchange-traded fund shrank by the most in two months.

Mutual fund investors often lack understanding of what they own and their inherent risks, according to a new study released on Feb. 13 by MFS Investment Management.

Over the past few years, one of the fastest-growing segments of the registered mutual fund industry has been in the alternatives space, with "alternatives" being something of a catch-all term for funds focusing on non-traditional asset classes or strategies that had previously been the domain of institutional investors and hedge funds. The number of these funds has skyrocketed, driven in large part by strong demand from retail investors and advisors for investment strategies that offer less correlation to the broad equity and bond markets.

The transformation of fee and distribution models that asset managers must address to compete are some of the primary game-changers impacting mutual fund and ETFs.

Developing a Distribution Strategy for a New Fund Family

'Client-Centric'?

Joseph Contorinis, an ex-Jefferies Paragon Fund money manager convicted of insider trading in 2010, can be ordered to pay $7.2 million for profits he made for the fund from the scheme, a federal appeals court ruled.

A Missouri agency plans to offer municipal bonds to fund renovations around St. Louis’s Gateway Arch and the courthouse that held the Dred Scott trial.

Top Gold Forecasters Still Bearish After 2014 Rally: Commodities

Municipal mutual funds reported $82.1 million of net inflows in the week ended Feb. 12, Lipper FMI said Thursday.

(Bloomberg) -- Fidelity Investments, the second- largest U.S. mutual fund company, reported a 13% increase in operating income last year as the rally in equities boosted assets.

For all their recommendations to buy emerging-market stocks, the world’s largest money-management firms haven’t convinced some investors that the worst start to a year since 2009 is over.

Eaton Vance Corp., the money manager known for its focus on tax-efficient investing, appointed Goldman Sachs Group Inc. executive Edward J. Perkin as chief equity investment officer.

Lane MacDonald, who oversaw private-equity investments for Harvard University’s endowment, has left the school to manage money for the Johnson family, owners of Fidelity Investments.

Charles Schwab is adding a long-awaited 401(k) platform that will allow participants to invest all of their plan in low-cost ETFs, signifying a desire to capitalize on the ETF growth story. .

U.S. stocks fell after the best four-day rally in a year for the Standard & Poor’s 500 Index. Treasuries slid amid comments from Federal Reserve officials, while China trade data spurred a rally in commodities.