Investment funds

Federated Investors has decided to liquidate the Federated Alabama Municipal Cash Trust (ALMXX).

The Securities Industry and Financial Markets Association named former New Hampshire governor and U.S. senator Judd A. Gregg as its next chief executive officer.

Altegris is broadening its Altegris Macro Strategy Fund (MCRAX, MCRCX, MCRIX, MCRNX) by allocating the fund’s assets to the global macro strategies of 300 North Capital and Willowbridge Associates.

BMO Global Asset Management continues to expand its Retirement Services teams while keeping an eye out for more potential hires.

Aberdeen Asset Management is embarking on first-ever global brand advertising campaign in 30 years starting today.

Salient Partners has made a new addition to its institutional sales team.

Andy Brooks just wants to get something done, about the structure of equity markets.

Global X Funds, based in New York, combs the world for unusual investment opportunities on which it can build exchange-traded funds.

Direxion Funds, based in Boston, is known for creating innovative tactical exchange-traded funds, particularly leveraged index funds.

Fidelity Investments has rolled out a smartphone application for NetBenefits 401(k) plan participants.

Barry Evans has been named president of John Hancock Asset Management North America.

Credit Suisse has filed with the SEC to launch the Gold and Income Strategy Fund, which will be available in Institutional shares

To bring alternative investments to a wider investor base, Goldman Sachs Asset Management has launched the Goldman Sachs Multi-Manager Alternatives Funds.

While April inflows for long-term mutual funds stood at a healthy $37.8 billion, they continued to moderate from levels seen earlier this year, according to Morningstar.

While April inflows for long-term mutual funds stood at a healthy $37.8 billion, they continued to moderate from levels seen earlier this year, according to Morningstar.

Neuberger Berman has filed with the SEC to offer an Emerging Markets Income Fund.

To bring alternative investments to a wider investor base, Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Multi-Manager Alternatives Fund (GMAMX, GMCMX, GSMMX, GIMMX, GRMMX).

Jerry W. Miller has been named head of asset and wealth management, Americas at Deutsche Bank, a newly created position.

New rules being considered for U.S. money-market mutual funds will make them safer for investors while forcing some smaller providers out of the business, Moody’s Investors Service analysts said this week in a research report.

The United States is the best market for fund investors based on criteria such as investor protection, transparency, fees, taxation, and investment distribution, according to Morningstar’s Global Fund Investor Experience report.