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J.P. Morgan Retirement Plan Services, the retirement plan record keeping business of J.P. Morgan Asset Management, has hired Bill McDermott in a newly created role as head of Sales and Client Solutions.
June 1 -
On June 1, 2012, Legg Mason Inc. made an executive decision to remove its name from U.S mutual funds run by its Western Asset Management Co. subadvisor to boost sales to individual investors, Bloomberg reports.
June 1 -
On June 1, 2012, shareholders of the Invesco Commodities Strategy Fund this week approved a merger of the fund into the Invesco Balanced-Risk Commodity Strategy Fund.
June 1 -
On June 1, 2012, Thomson Reuters acquired the mutual fund database business of The Globe and Mail, the Toronto-based newspaper and mutual fund information service provider.
June 1 -
On May 31, 2012, Robert B. Kaplan, former co-chief of the Asset Management Unit of the U.S. Securities and Exchange Commissions Division of Enforcement, joined Debevoise & Plimpton LLP as a litigation partner resident in the firms Washington, D.C. office.
May 31 -
On May 31, 2012, Newport Beach, CA-based PIMCO filed paperwork with the Securities and Exchange Commission to launch a new fund, dubbed the Short Asset Investment Fund, to bet on investment grade bonds.
May 31 -
On May 31, 2012, The AlphaClone Alternative Alpha ETF (NYSE: ALFA) has begun trading today, launched by Exchange Traded Concepts and AlphaClone LLC.
May 31 -
On May 31, 2012, Brentwood, Tenn.-based Compass Efficient Model Portfolios has launched five new equity indexes, which are calculated by Dow Jones Indexes.
May 31 -
On May 31, 2012, Morningstar, Inc. named Thomas Idzorek, chief investment officer of Morningstar Investment Management, to president of Morningstars global Investment Management division.
May 31 -
Hartford Financial Services Group Inc. last September put the brakes on its effort to sell its mutual-fund unit to private equity shop Clayton Dubilier & Rice LLC after banks cut back on lending for leveraged buyouts.
May 31 -
On May 30, 2012, Teucrium Trading, LLC named Steve Kahler, who joined the firm in November 2011, as its chief operating officer.
May 30 -
On May 30, 2012, total estimated outflows from long-term mutual funds were $4.92 billion for the week ended Wednesday, May 23, according to data from the Investment Company Institute.
May 30 -
On May 30, 2012, Fidelity Investments unveiled its Fidelity Global Bond Fund and Fidelity International Bond Fund, available directly to investors, as well as through financial advisors.
May 30 -
Last year at midyear, Money Management Executive found that 16% of executives expected that their fund firms would increase technology spending by 5% through the end of 2011, compared to 2010.
May 30 -
Madrona Funds portfolio manager Brian Evans explains why price rather than market capitalization is the right why to pick which stocks to put in a fund.
May 30 -
Are you ready to tell your employees to "bring your own device" to work?
May 30 -
On May 30, 2012, J.P. Morgan Asset Management has introduced a new tool for retirement plan advisors to facilitate 401(k) plan design conversations and enhance plan sponsor decisions.
May 29 -
On May 29, 2012, Charles Schwab launched a new video series to help investors curtail impulse spending.
May 29 -
On May 29, 2012, Morningstar, Inc. released some sobering news about the alternative mutual fund space.
May 29 -
On May 29, 2012, HSBC added a fourth EM fund to its portfolio.
May 29