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Alternative mutual fund shop Hatteras Funds has launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund, which will bet on multiple hedge fund managers.
July 11 -
On July 6, 2012, The Government Pension Investment Fund of Japan, which is the world's largest public pension fund managing over 113 trillion yen, generated 2.32% return in the latest fiscal year.
July 6 -
On July 6, 2012, Money Management Executive recently spoke to Jim Jessee, president at MFS Fund Distributors, Inc., the distribution arm of the firm's U.S. fund business, and co-Head, Global Distribution, about the firm's "Building Better Insights" branding initiative and other trends he sees within and outside of the firm.
July 6 -
William Blair & Co. has turned off the spigot on the William Blair International Growth Fund and Institutional International Growth Fund, effective June 30.
July 5 -
Laurence D. Fink used at least half a dozen acquisitions to expand BlackRock Inc. from a boutique bond shop to the worlds biggest money manager. Now the firm, which invests $3.7 trillion for clients around the world, faces a new challenge: Growing on its own.
July 5 -
June arrived on a positive note for tax-exempt money market funds, which accumulated $1.19 billion in new cash while total net assets rose to $273.64 billion in the week ended June 4, according to the Money Fund Report, a service of iMoneyNet.com.
June 8 -
Pershing on Wednesday said advisors will now be able use its platform to open, fund and manage 529 college savings plans for investors looking to set aside cash for their childrens education.
June 6 -
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 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 -
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 25 -
Edward Jones survey finds that only 37% of Americans were able to correctly identify 529 plans as a college savings tool.
May 24 -
Jeffrey C. Boucek has joined Segal Rogerscaseys Atlanta office as senior vice president, focusing on consulting, client relationship management and new business development.
May 21 -
Charles Schwab's Retirement Plan Services unit in January made waves by going passive.
May 18 -
Regulators in nations around the world, including fast-developing markets, dont know quite what to make of the asset management business, fund executives said.
May 11 -
On May 4. 3012, The findings of a BlackRock survey show that just over half, 51%, of retirees but only one quarter, 25%, of todays workers - are confident about having enough money to live comfortably in retirement.
May 4 -
May 7, 2012 story: Principal Funds has added three new regional directors to the firm's investment only team: Marcel Dawson, Gary Nakamura and Pamela Suing, focusing on growth within the registered investment advisor distribution channel.
May 4 -
On April 30, 2012, Prudential Annuity has unveiled two new asset allocation portfolios and two new sub-advisors.
April 30 -
On April 26, 2012, Prudential Retirement has four new plan sponsor clients: Clampitt Paper; the luxury travel agency Virtuoso; Fisher Auto Parts, and Trimac Transportation.
April 26 -
On April 25, 2012, TAMRO Capital launched the TAMRO Small Cap Collective Fund, which is sponsored by Global Trust Company and available to ERISA-only clients
April 25 -
Buyers and sellers still cannot agree on price, the heads of six acquisition-minded banks said in first-quarter earnings calls.
April 24
