Investments

Fidelity Investments has closed off one of its funds to new investors.

EIG Global Energy Partners has reached a deal with the TCW Group whereby EIG will publicly support the buyout of TCW by the Carlye Group.

Looks like Vanguard isn't the only company into mass hirings.

Pyxis Capital is ramping up its sales force with the addition of four wholesalers to cover Texas, Illinois, California and the Northeast.

Cole Wilcox, chief executive officer and chief investment officer of Longboard Asset Management, has some lofty goals for the alternative mutual fund shop this year.

Legg Mason Inc., the money manager best known as home to stockpicker Bill Miller, is folding Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.

The Internal Revenue Service plans to introduce a simplified way for small business owners and home-based employees to claim the home office tax deduction.

DoubleLine Capital has unveiled its latest equity funds just a few weeks after hiring away two portfolio managers from TCW Group.

ING has quietly erased an alternative mutual fund from its portfolio.

Quant shop Analytic Investors has hired Paul Runge as a Director of Business Development to focus on institutional investors, with an emphasis on public pension plans.

Indie firm Global X Funds has launched yet another fund this week.

The TCW Group has appointed Meredith Jackson as General Counsel, effective January 15.

Almost one-third (32%) of the approximately 100 institutional investment managers surveyed think corporate earnings will grow in the first quarter of 2013, while the same percentage believe earnings will decline.

Pioneer Investments ventures further into Western Europe and Latin America with a new hire today.

Russell Indexes today announced a global alliance with NYSE Euronext to include the transition of RussellTick, an index feed for real-time, intra-day values for the Russell family of indexes to NYSE Technologies’ Global Index Feed protocol.

Global Thematic Partners has been fired as a subadvisor to the DWS Global Thematic Fund (SGQAX), effective January 31, according to a regulatory filing.

Consumers may be wary of life and annuity products as they confront more immediate financial concerns, according to the Deloitte Center for Financial Services.

Actively managed stock funds had the best performance over 20 years, edging passive stock funds 8.14% to 8.11%. And actively managed mutual funds of all types have done the best in the last five years, coming in at 1.98% where, for instance, passively managed exchange-traded funds lost 1.17% a year. Which just goes to show, when it comes to investing, active management versus passive management "is not an either-or" proposition.

The Securities and Exchange Commission has granted T. Rowe Price exemptive relief to issue actively managed ETFs, according to Morningstar reports.

Expect T. Rowe Price's first ETF to hit the market soon.