Investment funds

Legg Mason's officially got itself a hedge fund.

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

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.

At the outset, the U.S. Supreme Court's latest ruling against the Securities and Exchange Commission-that there is a five-year limit on bringing fraud claims- may sound like a victory for mutual funds and their advisors.

At the outset, the U.S. Supreme Court's latest ruling against the Securities and Exchange Commission-that there is a five-year limit on bringing fraud claims- may sound like a victory for mutual funds and their advisors.

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.

Altegris is taking to YouTube in an attempt to demystify the common myths about alternatives.

Nuveen Investments has pulled the plug on the shares of its Nuveen Large Cap Select Fund (FLRYX) sold to 401(k) plans.

Global X Funds is banking on significant opportunities in high dividend-paying equities.

OppenheimerFunds is closing its Oppenheimer Developing Markets Fund to new investors on April 12, Money Management Executive has learned.

Houston-based Salient Partners, a $17.4 billion asset management firm, has officially lifted the veil on its Salient Pure Trend Fund (SPTAX, SPTCX, SPTIX). Money Management Executive previously reported on the fund’s launch.

Charles Schwab & Co. is in the midst of a regulatory struggle with the Financial Industry Regulatory Authority that threatens to change how the firm and other retail brokers do business with its clients.

DST Market Services has gotten app-savvier.

Munder Capital Management has hired Jim Kourkoulakos, a former portfolio manager and co-head of credit research at California Public Employees’ Retirement Service (CalPERS), as a senior portfolio manager for fixed income.

Kristen Pelling has joined Putnam Investments to fill a new role focused on large market defined contribution recordkeeping sales.

Oklahoma City, OK—based Exchange Traded Concepts, an exchange-traded fund platform for emerging managers, has received the green light from the Securities and Exchange Commission to launch actively managed ETFs, Money Management Executive has learned.

Touchstone Investments is closing its Touchstone Sands Capital Institutional Growth Fund to new investors. The fund managed some $2.6 billion as of March 8.

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

We know it's there, but in many cases the extent and complexity of manual pricing can be significantly under estimated.

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