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On a three to two vote, the Securities and Exchange Commission charged the nation's exchanges and the Financial Industry Regulatory Authority with developing and maintaining a consolidated and auditable trail of every order, cancellation, modification and executed trade on 13 national stock exchanges, 10 options markets and through more than 200 broker-dealers.
July 13 -
Perhaps it was only a matter of time before Morningstar decided to put its stamp of approval, and disapproval, on alternative mutual funds. And by all measures, it should.
July 13 - Money Management Executive
Regardless of size, the most widely cited response to the question of whether a fund firm will cut spending on technology this year is: We won't.
July 13 -
Dimensional Fund Advisors wants to bring its academic-based research investment management approach to the Asian markets.
July 13 -
There is a new sheriff in town for the mutual fund industry-and he may need to borrow money for bullets.
July 13 -
On July 13, 2012, Oppenheimer & Co. disclosed Wednesday that it named one of its own to assume duties as New Yorks institutional sales head.
July 13 -
On July 13, 2012, John Hancock Funds has named Andrew G. Arnott as president and chief executive officer, succeeding Keith F. Hartstein, who is retiring.
July 13 -
Franklin Resources has named Norm Boersma as chief investment officer of Templeton Global Equity Group, replacing Gary Motyl, who passed away last month, reports Morningstar.
July 13 -
ON July 13, 2012, Boston-based Fred Alger Management is reopening the Alger Small Cap Growth (ALSAX) and Alger Small Cap Growth Institutional (ALSRX) to new investors starting Aug. 1, according to a filing.
July 13 -
On July 13, 2012, MFS Investment Management has filed paperwork with the Securities and Exchange Commission to launch a pair of mutual funds in September.
July 13 -
On July 12, 2012, DoubleLine Capital LPs $28 billion Total Return Bond Fund has experienced the most inflows among U.S. mutual funds this year through June, Bloomberg reports, citing data from Morningstar.
July 12 -
The Board of Trustees of the Newgate Global Resources Fund has decided to liquidate the fund, effective as of July 31, according to a Securities and Exchange filing.
July 12 -
Ernst & Young LLP has appointed Julie Canty and Carlos A. Schmidt as partners in the firms Asset Management Tax practice.
July 12 -
Janus Capital Group Inc. has made two institutional appointments in an effort to grow its institutional client and consultant relationships in the U.S.
July 12 -
Fund managers and financial advisors are looking to the cloud to reduce costs, enhance performance, and improve accessibility.
July 12 -
Hatteras Funds this week launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund, which made its debut on the flat-fee variable annuity platform of Jefferson National last month and will bet on multiple hedge fund managers.
July 11 -
US ETF assets totaled $1.16 trillion as of June 30 up 11.3% year-to-date, according to State Street Global Advisors ETF Snapshot.
July 11 -
Charles Schwab Investment Management, Inc. has launched the Laudus Mondrian Global Fixed Income Fund (LMGDX) to bet on developed, U.S., and emerging market bond markets.
July 11 -
J.P. Morgan Asset Management has filed paperwork with the Securities and Exchange Commission to launch the JPMorgan Commodities Strategy Fund.
July 11 -
Advisors are looking to adopt alternative investments in their portfolios but are leaning on guided strategies from fund firms to do so, according to a new survey by Jackson National Life Insurance Company.
July 11