Investments

The amount of money flowing into annuities declined last year more than 6% from prior-year levels, according to a report from the Depository Trust & Clearing Corp.

Foreclosure filings fell in 2012, yet more foreclosed homes are likely to come up for sale in 2013. This increase could be good news for prospective home owners and investors, according to Daren Blomquist, vice president at Irvine, California-based RealtyTrac, an online marketplace for foreclosure properties.

Recent events make fundamental tax reform, already a heavy lift, much less likely.

It all started with Goldman Sachs, which began publishing the daily market value of the assets held in its money market mutual funds in the United States on January 9.

Brett Meili joined U.S. Bancorp Fund Services as legal counsel to provide support for the organizations’ growing alternative investment products and services.

Janus Capital Group has launched the Janus Diversified Alternatives Fund (DAF), which will bet on the equity, fixed income, commodity, and currency asset classes.

Dallas-based Pyxis Capital has added a wholesaler to cover the New York Metropolitan area.

Janus Capital Group has launched the Janus Diversified Alternatives Fund (DAF), which will bet on the equity, fixed income, commodity, and currency asset classes.

Hartford Mutual Funds has named Jac McLean as head of distribution, a newly created position, responsible for retail sales, institutional sales and key account management.

First Trust Advisors has launched the First Trust Short Duration High Income Fund.

The Financial Stability Oversight Council has extended the comment period for proposed recommendations for money market mutual fund reforms.

Brett Meili recently joined U.S. Bancorp Fund Services as legal counsel to provide support for the organizations’ growing alternative investment products and services.

Jay Nolan has joined RiverNorth Capital Management, LLC as a portfolio specialist to act as a liaison between investors and portfolio managers.

Wall Street is charging Main Street the least since 2009 to sell its bonds, giving U.S. states and cities an added boost as they borrow at the lowest yields in more than four decades.

Investors in mutual funds rushed to bond funds in 2012, shunning stock mutual funds.

Altegris is looking to add a pair of alternative mutual funds to its portfolio in March.

The tax-exempt market continued to outperform Treasuries this week as new issues in the primary market were well received and the secondary market was active, pushing yields lower across the board.

Where is the talent on Wall Street? According to Ram Ahluwalia, a former Senior Vice President at Bank of America-Merrill Lynch, you might not find it in familiar places.

Altegris is looking to add a pair of alternative mutual funds to its portfolio in March.

MainStay Investments has closed its $17.5 billion Large Cap Growth Fund to new investors.