Investments

ING, which agreed to an extension of its restructuring terms with the European Commission, is looking to reduce its costs even further this year.

Pioneer Investments has added two new hires to its U.S. institutional team.

The Evercore Wealth Management Macro Opportunity Fund, a diversified mutual fund offering, is closing after just a little more than a year on the circuit.

Envision Financial Systems, Inc., has improved its mutual fund subaccounting system for broker/dealers with a new update.

Nancy Grady has joined Northern Trust as Head of Fund Administration and Fund Accounting-Americas, overseeing fund accounting, regulatory administration, financial reporting, tax and other services for registered and unregistered mutual fund products.

Michael Mauboussin, chief investment strategist at the Legg Mason Inc. unit that’s home to Bill Miller, left the firm last week.

Total money market mutual fund assets increased by $37.78 billion for the week ended Jan. 2, according to the Investment Company Institute.

The end of December was a "dud" for flows into equity mutual funds, reports Jeff Tjornehoj of Lipper.

The highly regulated mutual fund industry has largely been spared from the post-2008 financial crisis reforms-except, of course, for money market funds which can't seem to move off the regulatory target zone.

There's nothing quite like the feeling of coming out from under a guardian's wing.

Jeffrey Gundlach is starting his New Year the way he ended 2012.

Money market reform. Operations. Competition from and opportunity in exchange-traded funds.

If you're in fund services, the next big growth opportunity is handling middle office functions.

It looks like famed movie director George Lucas is finally channeling his inner Jedi Knight Force to wed long-time fiancée Melody Hobson, president of Ariel Investments.

The end of December was a "dud" for flows into equity mutual funds, reports Jeff Tjornehoj of Lipper.

Pax World Management, which touts itself as having launched the industry’s first socially responsible mutual fund in 1971, has hired Judy May as senior vice president of marketing.

Total money market mutual fund assets increased by $37.78 billion to $2.705 trillion for the week ended Wednesday, January 2, according to the Investment Company Institute.

It's a big happy family for Hartford Mutual Funds, which announced today five new additions to its team.

3D Asset Management is giving its operations team a boost with a series of promotions.

Morningstar named its 2012 U.S. Fund Manager of the Year award winners in the allocation, alternatives, domestic stock, international stock, and fixed income categories.