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It seems that the folks at Spectrum Advisory Services Inc., manager of the Marathon Value Portfolio mutual fund (NASDAQ: MVPFX) were victims of malicious hackers who hacked into the third-party host server of the Funds website on June 30.
July 27 -
On July 27, 2012, Investors pumped in $6.3 billion into mutual funds and exchange-traded funds for the week ended July 25, according to data from Lipper.
July 27 -
On July 26, 2012, Target-date funds pulled in $13.9 billion in the second quarter despite the nearly 3% loss on average, according to Morningstar.
July 26 -
Los Angeles-based del Rey Global Investors, LLC, has expanded its sales and marketing groups with the addition of Dean C. Phillips as vice president, National Sales and Marketing, and Dennis McCarthy, vice president, Institutional Sales.
July 26 -
On July 26, 2012, BlackRock Inc., Fidelity Investments and Vanguard Group Inc., firms that collectively manage more than $7 trillion, are gauging how their clients have been hurt by Libor manipulation and whether to take legal action as at least a dozen banks are being investigated for rate-rigging.
July 26 -
Scottsdale, AZ-based Longboard Asset Management has launched the Longboard Managed Futures Strategy Fund (WAVIX), a trend following offering.
July 26 -
United Technologies Companylast month took the plunge into providing its employees a steady stream of retirement income.
July 26 -
It was only $99 million, in the week ended July 18, 2012.
July 25
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Attention fund builders: Theres still time to shine a light on the smartest and most effective mutual fund executives, back office innovators and marketing gurus you know.
July 25 -
On July 25, 2012, Columbus, OH-based Huntington Asset Advisors, Inc. has launched a second actively managed exchange-traded fund, US Equity Rotation Strategy ETF, via its new ETF family, Huntington Strategy Shares. The Huntington EcoLogical Strategy ETF (NYSE Arca: HECO) made its debut last month.
July 25 -
On July 25, 2012, Old Mutual Asset Management, the U.S.-based global asset management business of Old Mutual plc, has named John Harrington as Director of U.S. Consultant Relations, responsible for business development in the consultant channel.
July 25 -
On July 25, 2012, Vanguard has filed a registration statement with the U.S. Securities and Exchange Commission to launch the Vanguard Short-Term Inflation-Protected Securities Index Fund in Q4.
July 25 -
On July 25, 2012, Three days in August 2007 will live forever in algorithmic investing infamy. Numerous quantitatively driven stock funds leapt en masse off a cliff-just like lemmings.
July 25 -
On July 24, 2012, The Board of Trustees of Direxion Funds is liquidating the Direxion HY Bear Fund based on the recommendation of the funds investment adviser, Rafferty Asset Management, LLC, according to a Securities and Exchange Commission filing.
July 24 -
On July 24, 2012, Olney, M.D.-based Arrow Investments is looking to add active exchange-traded funds and more alternative mutual funds to its quiver.
July 24 -
On July 24, 2012, Discounted exchange-traded fund provider Vanguard now tops the field of leading ETF providers among advisors in another category: favorable impressions.
July 24 -
On July 24, 2012, Eric J. Bokota has resigned as co-portfolio manager of the FPA International Value Strategy (including the FPA International Value Fund, FPIVX), effective July 23.
July 24 -
On July 24, 2012, Newly formed alternative asset management shop Madison Park Capital Partners, LLC has hired Erik Ogard, former Ddrector of Multi Strategy Solutions for Russell Investments, as a managing principal.
July 24 -
BNP Paribas Securities Services is not well known for handling custody of fund assets in either Mongolia or the United States.
July 24 -
On July 23, 2012, Exchange-traded funds have experienced tremendous growth over the past decade but not all of that growth is positive, according to new research from Vanguard.
July 23
