The 20th anniversary is fast approaching of the launch by State Street Global Advisors in 1993 of the first investment fund that could be traded throughout the day like a stock.

Franklin Templeton Investments' parent Franklin Resources has effectively expanded its alternatives offerings.

The NASDAQ's parent group is acquiring a new index provider.

Neil Bathon, founder of Fuse Research Network, has big plans for the research shop.

Hennessy Advisors has completed its buy of FBR Funds today as planned. The acquisition brings the Novato-Calif.-based company's total AUM to $3.1 billion.

Wells Fargo Advisors Financial Network has added four practices.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund - U.S . Government Portfolio, effective October 19.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund – U.S . Government Portfolio, effective October 19.

Want to avoid personal liability in, for instance, properly valuing the assets in funds you manage?

Natixis Global Asset Management has agreed to buy McDonnell Investment Management, an Oak Brook, Illinois-based investment advisor with some $13.5 billion in assets under management for institutions and individuals.

London-based Northill Capital has agreed to buy a majority interest in Riverbridge Partners, a Minneapolis-based specialist investment manager of small, mid and large cap US equity growth portfolios for institutional and high net worth investors.

Neuberger Berman is bringing value investment management shop Glickenhaus & Co. and its $900 million in client assets for high net worth individuals and non-profit institutions into its fold.

The Charles Schwab Corporation has agreed to buy ThomasPartners, a dividend income-focused asset management firm with $2.3 billion in assets, for $85 million in cash and additional payments contingent on future growth in assets.

'Tis the season when the leaves change, the National Football League is kicking its season into second gear, the Yankees are once again chasing another championship, and...yes, there's another mutual fund conference to attend.

Old Mutual Asset Management, the US-based global asset management business of Old Mutual plc, has agreed to sell five of its US affiliates to their current senior management teams.

PineBridge Investments is getting out of the mutual fund business.

MainStay Investments earlier this month finalized the adoption of the MainStay Marketfield Fund (MFLDX; MFADX).

The Long Short Interest Rate Strategy Fund is getting a new facelift.

The $290 million Janus Global Research Fund is merging into the $1.9 billion Janus Worldwide Fund $1.9 billion in January

Cornerstone Capital Management, which currently serves as investment adviser to the Keystone Large Cap Growth Fund has entered into an agreement to sell the fund to New York Life Investment Management