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Since the Reserve Primary Fund broke the buck in September 2008, the nation's money market mutual funds have seen a long, steady erosion of their use by corporations and financial institutions.
August 3 -
As legal eagles-including regulators, cops and attorneys-continue to swoop down for the kill in the wake of the LIBOR debacle, asset managers still struggle to gauge the scandal's impact on their investments.
August 3 -
On August 3, 2012, Fidelity Investments is reportedly gearing up to make a run at the active exchange-traded fund space, Bloomberg News reports.
August 3 -
On August 3, 2012, The Hartford Financial Services Group this week reported second quarter mutual funds core earnings of $18 million versus $27 million during the same period last year.
August 3 -
On August 3, 2012, Total money market mutual fund assets dipped by $3.95 billion to $2.551 trillion for the week ended Wednesday, August 1, according to data from the Investment Company.
August 3 -
On August 2, 2012, Sentinel Investmentsf chief executive Christian Thwaites yesterday saw four members of his investment team, including Charles Schwartz, Betsy Pecor, Matthew McGeary, and Matthew Spitznagle, walk away from their posts.
August 2 -
On August 2, 2012, Russell Investments has added three subadvisors to its Strategic Bond Fund (RFCSX), which preivously employed four subadvisors.
August 2 -
On August 2, 2012, AllianceBernstein today reported that its total assets under management were $407.3 billion as of June 30, 2012, down 2.8% from March 31, and down $53.7 billion, or 11.7%, compared to June 30, 2011.
August 2 -
On August 2, 2012, Pioneer Investments is boosting its coverage of Registered Investment Advisors with the addition of Brian Kilar as a wholesaler for the RIA Channel.
August 2 -
On August 2, 2012, Vanguard has severed sub-advisory ties with AllianceBernstein regarding the Vanguard Windsor Fund and Vanguard Global Equity Fund.
August 2 -
Joe Barrato is chief executive officer of Arrow Investment Advisors, a developer and distributor of mutual funds that are built around "targeted" levels of risk.
August 2 -
On August 1, 2012, Attention asset managers: The Registered Investment Advisor channel, especially the $100 million to $500 million AUM segment, is one place where you can differentiate your offering in a crowded marketplace, according to a new report by Cerulli Associates.
August 1 -
On August 1, 2012, Henderson Global Investors has launched the Henderson Dividend & Income Builder Fund (HDAVX, HDCVX, HDIVX), which primarily bets on dividend-paying equities of US and non-US companies.
August 1 -
On August 1, 2012, Multi-manager fund firm Virtus Investment Partners yesterday reported that it had positive net flows for the 13th consecutive quarter, and increased sales in long-term open-end mutual funds year over year.
August 1 -
On August 1, 2012, The Oakmark Equity and Income Fund (OAKBX) reopened to all investors effective today.
August 1 -
On August 1, 2012, Money-market fund companies have doubled lobbying efforts to convince regulators and lawmakers that they arent a threat to the financial system. The money may have been well-spent.
August 1 -
On August 1, 2012, BlackRock's Canadian subsidiary has launched five new exchanged-traded funds designed to offer Great North investors exposure to domestic, international, developed and emerging markets while minimizing volatility.
August 1 -
Perhaps it was only a matter of time before Morningstar decided to put its stamp of approval, and disapproval, on alternative mutual funds.
August 1 -
On July 31, 2012, Gemini Fund Services has promoted Andrew Rogers to chief executive officer and Kevin Wolf to president. The promotions became effective in the second quarter.
July 31 -
On Julr 31, 2012, Kate Healy has been named the new managing director of marketing for TD Ameritrade Institutional, responsible for the development of marketing strategies and focusing on the independent registered investment advisors channel.
July 31