T. Rowe Price is selling off its subsidiary, T. Rowe Price Savings Bank, to Jacob Safra for some $24 million in cash, the firm revealed today in a filing.

Aberdeen Asset Management last week wrapped up its acquisition of Artio Global Investors, a U.S. publicly-listed asset manager, effective May 21.

Henderson Global Investors' foray into the US market began at an inopportune time: It launched its first three funds on August 31, 2001, days before the September 11 attacks.

Aberdeen Asset Management PLC wrapped up its acquisition of Artio Global Investors, a U.S. publicly-listed asset manager, effective May 21.

VTL Associates, an independent investment advisory and consulting firm based in Philadelphia, has received an infusion of capital from Chinese venture capital firm, Suzhou Industrial Park Kaida Venture Capital.

T. Rowe Price Group has no immediate plans to begin offering active exchange-traded funds, the Baltimore Business Journal reports.

Franklin Templeton has struck a deal to acquire a $1.1 billion investment management firm in Mexico.

Nationwide Financial has finalized its adoption of the Thompson, Siegel & Walmsley LLC (TS&W) Fixed Income Portfolio after shareholders gave the thumbs up earlier this month.

Pimco's 0-5 Year High Yield Corporate Bond ETF reported $204.1 million of inflows on April 8, the same day the SPDR Barclays High Yield Bond ETF recorded its second-biggest daily redemption since its inception more than five years ago, equal to about $378 million worth of shares, Bloomberg reports.

Bill Gross' PIMCO Total Return Fund (PTTRX), the world's largest mutual fund, attracted $32 million in investor deposits in March, the lowest amount since December 2011.

Private equity firms are making it known that they, too, want to pull in retail investors' money just as much as do their hedge fund counterparts.

Nationwide Financial has beefed up its mutual fund portfolio by adding 17 new equity and bond funds from HighMark Capital Management worth some $3.6 billion in assets.

Two private equity firms have teamed up to buy their way into the alternative mutual fund space.

FUSE Research has picked up yet another British beau.

Two brand name firms are extending their exchange-traded fund distribution venture. Fidelity Investments and BlackRock has teamed again up to bring iShares ETFs to Fidelity's army of investors.

Legg Mason's officially got itself a hedge fund.

Two brand name firms are prolonging their exchange-traded fund distribution venture.

It's been two years and a half since Scout Investments purchased Columbus, Ind.-based fixed income shop Reams Asset Management. Now it's ready to buy more.

Principal Global Investors is betting big on alternatives.

William Galvin, Secretary of the Commonwealth of Massachusetts, last week called out Charles Schwab & Co. for recently changing up its customer arbitration agreements by striking its investors' ability to join class action lawsuits.