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Mutual funds managed to recover somewhat from the massive $4.9 billion outflow they endured mid May by posting the smallest weekly infusion so far this year.
June 6 -
Insurance companies and broker-dealers sold $7.4 billion million in annuity products in April, down from $7.7 billion in March, the Depository Trust & Clearing Corporation announced.
June 6 -
On June 6, 2012, Alternative mutual fund shop Equinox Fund Management, LLC hired BNP Paribas Financial Services to administer its Frontier Fund, a public managed futures family of funds.
June 6 -
On June 6, 2012, Putnam Investments unveiled a new office in Beijing, representing the firms first foothold in China.
June 6 -
No advisor's stocking would be complete without these must-have books that will sharpen their professional skills. Here are 10 books for every advisor's stocking this thanksgiving.
June 6
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On June 6, 2012, PIMCO added two more bond funds, the PIMCO California Municipal Bond Fund and the PIMCO National Intermediate Municipal Bond Fund, to its portfolio.
June 6 -
The Milwaukee-based company hired Brian Rauscher as a chief portfolio strategiest to run the new group
June 6 -
Fidelity has introduced the Realizing the Value in Your Firm program, which includes a series of workshops being conducted nationally to help advisors understand succession planning options.
June 6 -
Genworth Wealth Management has created a proprietary six-step process to help its advisors meet the challenges of a higher level of client service.
June 6 -
Prudential Investments has introduced the Prudential Jennison International Opportunities Fund (PWJAX), which bets on international equities.
June 6 -
Forty percent of banks surveyed by KMPG said that asset and wealth management would be essential to expand revenue over the next few years.
June 6 -
Financial services firms and money management executives face an emerging issue that represents both an opportunity and a potential threat: How to leverage extremely large data sets, now termed "big data," to proactively manage risk, improve the customer experience and identify market opportunities.
June 6 -
The new Emerging Markets Corporate Bond Fund invests in bonds issued by companies in more than 30 countries in Asia, Latin America, Europe, the Middle East and Africa.
June 5 -
Citi Private Bank hired Stephen Baird as director of its Houston branch, where he will provide private banking services to ultra-high-net-worth individuals and families.
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The St. Louis financial services company announced that it plans to add up to 70 new offices in western Massachusetts in the next eight years.
June 5 -
On June 5, 2012, T. Rowe Price added a new fixed income offering, the Emerging Markets Corporate Bond Fund (TRECX), to its suite of emerging markets bond funds.
June 5 -
Ninety-eight percent of advisers expressed concern that the estimated SRO membership fees would have a financial impact on their ability to run their firm. Of the 98%, 69% said the impact would be categorized as severe.
June 5 -
As lawmakers take up legislation that would reshape the regulatory landscape for retail investment advisers, industry groups are poised to present sharply contrasting visions for where expanded oversight authority should be housed.
June 5 -
On June 5, 2012, ING Investment Management US ramped up its defined contribution investment only team with a trio of new hires.
June 5 -
On June 5, 2012, Global X Funds, the New York based provider of exchange traded funds, launched a fund that gives investors exposure to the largest hedge fund managers.
June 5
