Special Program Root Tag

Mutual funds overall may have enjoyed a hot week of flows. But not so for money market mutual funds.

Hennessy Advisors closed out 2013 with a huge ramp up in assets thanks to its acquisition of funds from FBR Funds.

Legg Mason, the money manager best known as home to stockpicker Bill Miller, is folding Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.

So what does a quartet of space ships beaming up a cow and an exploding airbag have to do with investment management?

It would be impossible to plan for the succession of your practice in one day, but that doesn’t mean we’ll ignore it in our daily tips. After all, you have to start somewhere.

As your practice expands, you inevitably take on new roles and responsibilities. That doesn’t mean there aren’t any growing pains.

Look out for a switch in sub-advisers for one Touchstone Investments fund.

Morningstar has launched the Morningstar US Real Asset Index, a diversified portfolio of liquid assets that traditionally provide a hedge against inflation, including Treasury inflation-protected securities, real estate investment trusts, and commodity stocks and futures.

Two firms are touting the launch of a new high income fund.

Nasdaq OMX Group said it hired Bradley J. Peterson as its global chief information officer.

After four consecutive weeks of negative flows, mutual funds finally enjoyed a week of stellar sales.

Fidelity Investments has closed off one of its funds to new investors.

You’re a financial advisor, not a technology expert -- or at least you shouldn’t have to be. But you and your staff need to feel comfortable with the technology platforms that are vital to your practice.

EIG Global Energy Partners has reached a deal with the TCW Group whereby EIG will publicly support the buyout of TCW by the Carlye Group.

Looks like Vanguard isn't the only company into mass hirings.

Pyxis Capital is ramping up its sales force with the addition of four wholesalers to cover Texas, Illinois, California and the Northeast.

Cole Wilcox, chief executive officer and chief investment officer of Longboard Asset Management, has some lofty goals for the alternative mutual fund shop this year.

DoubleLine Capital has unveiled its latest equity funds just a few weeks after hiring away two portfolio managers from TCW Group.

ING has quietly erased an alternative mutual fund from its portfolio.

Quant shop Analytic Investors has hired Paul Runge as a Director of Business Development to focus on institutional investors, with an emphasis on public pension plans.