Portfolio

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

Snap your fingers.

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.

Fort Pitt Capital Group has a split personality. As an RIA, the Pittsburgh firm has $1.2 billion under management. As a fund provider, its Fort Pitt Capital Total Return Fund is 10 years old, with a five-star Morningstar rating for 10-year performance.

Three months after hiring Mark Howard-Johnson as the Global Head of Real Estate Securities Management, BlackRock today unveiled the first of many real estate funds to be managed by Howard-Johnson's new unit.

Municipal bond mutual funds saw heightened demand from investors this past week. Funds that report their flows weekly recorded solid inflows of $592 million for the week ended Sept. 26, Lipper FMI numbers show.

Treasury Secretary Tim Geithner asked the Financial Stability Oversight Council to take up structural reforms to the $2.6 trillion money market mutual fund industry, citing the Securities and Exchange Commission's failure to act.