Fund performance

Company A last year pumped up its revenues by 44.6%-from a base of $108.2 billion.

Westwood Holdings Group last week announced that the Westwood Income Opportunity mutual fund has surpassed $1 billion in assets.

Company A last year pumped up its revenues by 44.6%-from a base of $108.2 billion.

And the winners of the Lipper Fund Awards 2013 US are?

Total money market mutual fund assets increased by $5.32 billion to $2.652 trillion for the week ended Wednesday, March 13, according to the Investment Company Institute.

Total estimated inflows to long-term mutual funds were $11.85 billion for the week ended Wednesday, March 6, according to the Investment Company Institute.

Returns may have been good, but revenue growth overall was weak among asset management firms in 2012.

Janus Capital Group, the money manager that made its name placing big bets on stocks, is trying something new to stem a five-year customer exodus.

Morningstar today reported that investors added $51.9 billion to long-term open-end mutual funds in February building on inflows of $87.2 billion in January.

The first two months of 2013 marked net flows of $140 billion into stock and bond funds, the best start for the mutual fund industry on record, according to Strategic Insight.

Forbes has compiled its list of the world's billionaires and a few mutual fund executives have made the cut.

Investors injected roughly $10.8 billion into mutual funds and exchange-traded funds (ETFs) for the week.

The debate rages on among fund managers regarding the merits of active versus passive management, especially in light of the growing buzz for low-fee passive funds.

U.S. exchange-traded fund assets totaled $1.41 trillion as of Feb. 28– up 5.1% year-to-date, according to State Street Global Advisor’s latest ETF Snapshot.

Total money market mutual fund assets dropped by $16.70 billion to $2.646 trillion for the week ended Wednesday, March 6, according to the Investment Company Institute.

Morningstar has handed out some extra gold stars.

Mutual funds continued their inflow streak yet again the week ended Feb. 27, but domestic equity funds saw their first outflows since the week ended Dec. 31, 2012. 

In first seven weeks of the year, $30 billion flowed in to equity mutual funds.

Chicago-based Driehaus Capital Management is liquidating its Driehaus International Credit Opportunities Fund (DRCIX) after a year of less-than-stellar performance.

Attention fund managers: Want to know if your fund is the best of the best among 401(k) plans?