Investments

Bruce R. Bent II, president of the failed $62.5 billion Reserve Primary money-market fund, was found liable for one claim that he negligently violated a securities law while his father was absolved of any liability in a lawsuit brought by the Securities and Exchange Commission.

Bruce Bent II, president of the failed $62.5 billion Reserve Primary money-market fund, was found liable for one claim that he negligently violated a securities law while his father was absolved of any liability in a lawsuit brought by the U.S. Securities and Exchange Commission.

New research by the Center for Applied Research, a think tank affiliate of State Street Corporation, is bound to leave a few advisors scratching their heads.

Parametric Portfolio Associates, a Seattle-based subsidiary of Eaton Vance Corp., has agreed to acquire the business of The Clifton Group Investment Management Company, a Minneapolis-based provider of futures- and options-based overlay services and custom risk management products to institutional investors.

Charles Schwab has launched a new site for exchange-traded fund retail investors dubbed the ETF Education Exchange, which aims to “close the knowledge gap in ETFs by aggregating educational content, research and market insights from ETF industry leaders”.

ING U.S.’s Retirement business has hired Sam Ghazaleh as head of Investor Channel Sales for its Individual Retirement Markets, the company’s retail business that provides personal retirement, investment and income guidance and product solutions to pre-retirees, retirees and the rollover markets.

ETFs saw assets up by 21.5% since last year as of the last day of October, attracting over $133 billion of inflows over the year. That's up from $99.8 billion as of October 2011.

Municipal bond mutual funds saw heavy inflows, rebounding with authority from their first week of outflows in more than six months.

Halloween offered a nice treat for the exchange-traded fund industry.

WASHINGTON — The Financial Stability Oversight Council will meet Nov. 13 to consider reform to money market mutual funds, the Treasury Department said Thursday.

A circuit court judge in Virginia dismissed a suit that charged BNY Mellon with overcharging the state’s pension fund for foreign exchange transactions. The dismissal came after the Virginia Retirement Systems announced a renewal of a services contract with BNY Mellon.

Another seemingly ho-hum Friday just got a lot more interesting in the mutual fund world.

Whitebox Advisors today unveiled its second alternative mutual fund to the retail market.

Aberdeen Asset Management has launched the Aberdeen Emerging Markets Debt Fund (AKFAX) in response to continued growing investor interest in the emerging market debt asset class.

One commodity fund has received the dreaded Negative rating from Morningstar.

It may be some time before Congress and the Obama administration decide what to do about the tax rates for next year, so it’s a good idea to plan for various alternative scenarios just in case.

The election results, while no surprise, have pretty much left us where we were in terms of tax policy, according to Roger Harris, president of Padgett Business Services.

Total money market mutual fund assets increased by $31.24 billion to $2.578 trillion for the week ended Wednesday, November 7, according to data from the Investment Company Institute.

Municipal bond mutual funds saw heavy inflows, rebounding with authority from their first week of outflows in more than six months.

“Advisors talk about Black Swan events and tail risk – you didn’t hear retail planners talking about tail risk 10 years ago, or if you did it was the top 1% of the group. Now, it’s the new nomenclature,” said Jeff Montgomery, head of AFAM/Innealta Capital.