Special Program Root Tag

Hatteras Funds has launched the Hatteras Managed Futures Strategies Fund (HMFIX, HMFAX), which bets on an existing $56 million strategy of the Hatteras Alpha Hedged Strategies Fund (ALPHX, APHAX, APHCX, ALPIX), a multi-strategy, multi-manager alternative mutual fund.

The Vanguard Mega Cap 300 Index Fund is replacing its index and changing its name in the next few months, according to a filing.

A decade ago, the fund industry got mired in a market-timing scandal, involving the placement of orders after the market closed.

Taylor Alternative Mutual Funds has launched the Taylor Xplor Managed Futures Strategy Fund (TMFIX), the first mutual fund of the Taylor ALTS family of funds.

The PIMCO Emerging Markets Corporate Bond Fund has cut its advisory fee by 10 basis points to 75 bps.

Denver-based GaveKal Capital renamed its fund company the GaveKal Knowledge Leaders Fund.

Vanguard Funds' Chief Investment Officer George "Gus" Sauter is finishing up a quarter century with the giant investment company.

CharlesSchwab is letting its pricing do the talking in selling exchange-traded funds.

The Board of Trustees of the Northern Multi-Manager Funds last month approved the termination of Marsico Capital Management as a sub-adviser to the Multi-Manager Large Cap Fund (NMMLX, effective Sept. 12, and the appointment of WestEnd Advisors to sub-advise a portion of the Large Cap Fund, effective Sept. 24.

Clear, consistent messages about what makes a fund stand apart and serve a particular investment purpose well is what, in turn, makes a fund manager stand apart in the eyes of present or potential customers.

"Inventions have long since reached their limit, and I see no hope for further developments," Julius Sextus Frontinus, Roman engineer, 10 A.D.

NEWS SCAN

Snap your fingers.

A decade ago, the fund industry got mired in a market-timing scandal, involving the placement of orders after the market closed.

Charles Schwab is letting its pricing do the talking in selling exchange-traded funds.

The Board of Directors of the $5.3 billion FPA New Income fund has approved a new distributor for the fund.

Delaware Investments has added Sean Pronger, a former professional hockey player, who recently joined Delaware Investments as regional director for its third-party retail distribution team supporting Los Angeles.

Well, that was quick.

The Laudus Mondrian Global Equity Inv (LGEQX) fund is liquidating at the end of November.

TIAA-CREF has added a new socially responsible fund dubbed the Social Choice Bond Fund (TSBIX, TSBBX, TSBRX, TSBPX), an actively managed, core fixed-income mutual fund.