Investment products

OppenheimerFunds has signed an agreement to buy SteelPath Capital Management and SteelPath Fund Advisors, an energy infrastructure investments company focused on the Master Limited Partnership sector.

Want exposure to managed futures? Think multi-manager funds, according to a new white paper penned by William Marr and Alexander Rudin, principals of Ramius Trading Strategies.

Franklin Templeton Investments has named Andrew Ashton and Dennis Rothe to new roles overseeing consultant/gatekeeper relations and investment research for the company’s International Advisory Services and North America Advisory Services divisions, respectively.

The Dow Jones Industrial Average rose 78.33 points Tuesday to close at 12,805.54 while the Nasdaq and S&P 500 added 13.10 points and 10.03 points, respectively, in seesaw trading.

The Dow Jones Industrial Average shed 50 points to close at 12,727.21 Monday while the Nasdaq and S&P 500 lost 11.53 points and 3.14 points, respectively.

The most mysterious of the unexplained mysteries about Mitt Romney’s considerable wealth is how he was able to amass between $21 million and $102 million in his individual retirement account during the 15 years he was at Bain Capital LLC.

The Dow Jones Industrial Average stormed up 204 points Friday to close at 12,777.09 while the Nasdaq and S&P 500 rallied up 42.28 points and 22.02 points, respectively.

In a stunning reversal of recent patterns, tax-exempt money market funds amassed $4.64 billion of new cash as total net assets soared to $274.7 billion in the week ended July 9.

As Congress and the White House head toward another battle over extending the Bush-era tax cuts, a trade association representing utility companies is warning that investors could be in for a major hit if the rates for qualified dividends revert to their pre-2003 levels, even if the only rates that move are those for the wealthiest Americans.

The Dow Jones Industrial Average fell 31.26 points Thursday to close at 12,573.27 while the S&P 500 and Nasdaq ended off 6.69 points and 21.79 points, respectively.

JPMorgan, under Americas equity research head Noelle Grainger, scored the largest number of highly ranked analysts, making it the No. 1 firm in U.S. equities research. Bank of America was No. 2, followed by Morgan Stanley.

Charles Schwab Investment Management, Inc. has launched the Laudus Mondrian Global Fixed Income Fund (LMGDX) to bet on developed, U.S., and emerging market bond markets.

Janus Capital Group Inc. has made two institutional appointments in an effort to grow its institutional client and consultant relationships in the U.S.

The Dow Jones Industrial Average lost 48.59 points Wednesday to close at 12,604.52 while the Nasdaq and S&P 500 shed 14.35 points and 0.02 points, respectively.

For the week ended July 3, investors steered an estimated $1.68 billion into long-term mutual funds, about half the amount they invested a week earlier, according to the Investment Company Institute.

Financial advisors plan to increase their use of alternative investments this year, according to Jackson National Life Insurance Co. One big challenge: they need to understand the asset class better.

One of the things Sean Healey missed most when he left Goldman Sachs Group Inc. in 1995 was his business card. Flashing it was a surefire way to convince people of his credentials.

The global market for fixed income exchange traded funds will likely grow to more than $2 trillion in assets over the next decade, compared with $302 billion today, according to a new report by iShares.

Alternative mutual fund shop Hatteras Funds has launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund, which will bet on “multiple” hedge fund managers.

Socially responsible investment shop Calvert Investments has named Lynne Ford to the newly created position of Head of Distribution.