Investment funds

Morningstar reported on April 13, 2012 that money market funds bled $114 billion in the first quarter, the biggest quarterly outflow since the second quarter of 2010.

MME reports on April 13, 2012: After a long, winding legal road, involving no fewer than six federal court decisions, Ameriprise Financial finally won a suit alleging that it had charged excessively high advisor fees.

On Aprill 11, a pair of academics from the Lubin School of Business at Pace University released their findings on corporate culture as it relates to funds' performances.

Nine mutual fund providers can expect to see not only positive, but stronger-than-average investment momentum from investors in 2012, according to findings in the 2012 Investor Brandscape, an annual report released earlier this month by Cogent Research.

On April 12, Cogent named nine fund firms that were most likely to gain business from affluent investors.

On April 11, the ICI said investors yanked $4.7 billion from stock mutual funds.

On April 12, BlackRock revealed plans to become an exchange operator.

On April 12, 2012, Janus Capital Group asked its shareholders to vote in favor of a new chief executive officer compensation plan that will cap CEO pay at $10 million, tie it directly to year-over-year change in operating income and comprise it with 40% cash and 60% long-term incentives.

On April 12, 2012, AllianceBernstein reported that preliminary assets under management dipped 1.2%, to $419 billion, at the end of March compared to the previous month.

Fred Alger Management, on April 12, 2012, has added Gregory Adams to the portfolio management of the ALger Growth & Income Fund

Socially responsible investing has increasingly become hot over the past five years.

Franklin reported on April 11, 2012 that its March assets under management were up 3% from a year ago

Wilmington Trust made a multi-strat alternative offering on April 11.

On April 11 SSgA revealed ETF flows and assets for March 2012.

On Aprill 11, Mirae Asset Management named a new retail sales head.

HAGIN Investment on Apirl 11 HAGIN Investment hired an administrator for its first mutual fund.

Whitebox Advisors is making a concerted push into the RIA channel with the help of a new marketing partner.

Investors continue to turn their back on U.S. stock mutual funds. For the week ended April 4, investors pulled $4.27 billion from the funds, the largest weekly outflow so far this year.

Even not-so-wealthy clients now have a chance to participate in alternative investments, courtesy of a new mutual fund with a minimum investment of $1,000 from Wilmington Trust.

Saturna Capital Corporation, investment adviser to the Amana, Sextant, and Idaho Tax-Exempt Mutual Funds, has launched the Sextant Global High Income Fund, which bets on a globally diversified portfolio of debt and equity securities.