Investment products

Brookby, Gao now spearheading the New Opportunities, Vista and Small Cap Growth funds.

The New York PE firm, in a filing, disclosed that it raised $491 million of a revised $1.3 billion target

The company, known for its socially responsible investing strategy, launched a global water fund in October 2008 that is already paying dividends.

The two funds are focused on current market opportunities in taxable securities and selectively across the fixed income universe.

The German bank has strengthened its emerging-market debt units in Latin America with seven new hires

The most energy-efficient country in the world will become the “gateway to Asia,” Shuhei Abe predicts.

Municipal market dynamics are so favorable right now that investors involved in tender-option bond programs can create better revenue streams compared to what they received before the financial crisis, but at half the risk or less.

For 27 months, investors have consistently favored fixed-income funds, a trend that shows no sign of abating.

Money funds should be regulated like banks, McCulley said.

In addition to some high-profile Hollywood exports, the Australia continues to surge. But investment options remain limited.

The fund giant may replace the former president with two executives.

While automatic enrollment is boosting target-date fund assets, plan participants are choosing them of their own accord, too.

Robert Manning will be promoted from CEO and CIO at the end of the year.

Fidelity persists on path to nabbing more 401(k) assets, this time offering RIAs an all-in-one package to sell to their business clients.

The three business units — a fund of hedge funds, hedge fund seeding and hedge fund advisory businesses — are from Citi Alternative Investment LLC and collectively have $4.2 billion of assets under management.

But drop in sales charges offsets rise in expenses in 2009, the ICI said.

ETF assets rose 7.2% in March to $806 billion, according to data from State Street.

State and Local Debt Is Prized

Dreyfus has launched the Dreyfus Dynamic Alternatives Fund, a mutual fund designed to provide exposure to a range of hedge fund returns.

Eaton Vance Management has launched the Eaton Vance Commodity Strategy Fund, which will take long and short positions in fixed income instruments, including derivatives, with the Dow Jones-UBS Commodity Index Total Return Index as its benchmark.