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Running its quantitative screens for its annual rebalancing, the Hennessy Focus 30 Fund turned up two sectors that at first puzzled Neil Hennessy, chairman and chief investment officer of Hennessy Funds: energy and utilities.

Charles River Development has officially launched a new data management platform that will help fund managers integrate reference, issuer, benchmark-index and pricing data into their front- and middle-office applications.

Blue chips dropped 207 points Tuesday to 11706.62, ending a three-day winning streak, amid continued concern over Europe’s debt crisis. The Dow Jones U.S. Total Stock Market Index was down 2.11%.

BNY Mellon Asset Servicing will allow authorized participants in exchange-traded fund transactions to place orders one day ahead of the actual trade date.

NEW YORK—Running its quantitative screens for its annual rebalancing, the Hennessy Focus 30 Fund turned up two sectors that at first puzzled Neil Hennessy, chairman and chief investment officer of Hennessy Funds. Energy. And utilities.

While many investors and wealth managers continue to operate under the assumption that, sooner or later, order will be restored and things will go back to the way they were before the 2008 financial meltdown, some pundits are warning that's not going to happen and everyone better adapt to the new rules of the investment game.

As the parent company announces earnings, the Americas unit sees more net new money and higher FA productivity.

Financial planners have several tools they can use to steer clients away from destructive behavior, said industry experts at a conference in New York on Tuesday.

Albridge, an affiliate of advisory firm and business solutions provider Pershing, announced improvements to its compliance and operational capabilities.

UBS said the “unauthorized trading incident” that led to a $2.3 billion loss in its third quarter was not “sufficiently investigated” when detected.

Although the State Street Investor Confidence Index is still below 100, indicating institutional investors’ appetite for equities and other risky assets is neutral, the index jumped significantly by 6.7 points to a reading of 96.7 in October—underscoring marked and continued improvement in institutional investors’ outlook.

Announcing changes that will likely affect wealth managers helping clients with tax planning, the IRS said that many tax benefits for the 2012 tax year will increase due to inflation adjustments. Investors will be able to contribute an additional $500 to their 401(k), for a total of $17,000 for those under 50 and $22,500 for those 50 or older.

Having made changes to the fund’s investment capacity, the $6.6 billion Eaton Vance Macro Absolute Return Fund is reopened to additional investments.

The Securities and Exchange Commission is warning financial firms that following the spirit of the law is just as important as the letter of the law.

The Department of Labor issued new regulations that aim to broaden access to personalized investment advice for workers engaged in retirement savings plans.

State Street Global Advisors, the asset management business of State Street Corporation, has announced changes to the indices and names of five financial industry SPDR ETFs.

The leading provider of software for 250,000 finance professionals, Emerging Information Systems, announced today that it expects to be acquired by Zywave, a provider of on-demand software for the insurance industry.

Deutsche Boerse said its derivatives exchange, Eurex, completed the re-location of its matching engines to a single data center. The Eurex trading and clearing infrastructure is now located in a Frankfurt data center operated by Equinix. In July, Deutsche Boerse moved its Xetra electronic stock trading market to the same data center.Eurex and Equinix had already been offering a co-location service in that International Business Exchange, since 2006. …

State Street Global Advisors, the asset management business of State Street Corporation, has announced changes to the indices and names of five financial industry SPDR ETFs.

Putnam Investments is addressing the need for customized retirement income withdrawal strategies through the launch of the Putnam Retirement Income Lifestyle Funds, a suite of three income-oriented mutual funds, and a Retirement Income Analysis Tool.