Investments

American Century Investments has appointed Patrick Bannigan to the position of executive vice president and chief operating officer, effective earlier this week on Nov. 5.

President Barack Obama’s victory positions him to claim a mandate for pushing a proposal through Congress that would let tax cuts expire for top earners and avert $1.2 trillion in automatic spending reductions.

Global exchange-traded funds and exchange-traded products experienced inflows $13.5 billion of net new assets in October, which is lower than the US$40 billion of net inflows in September 2012, according to data from ETFGI.

Global exchange-traded funds and exchange-traded products experienced inflows US$13.5 billion of net new assets in October, which is lower than the $40 billion of net inflows in September 2012, according to data from ETFGI.

Peng Chen, current chief executive officer of Dimensional Fund Advisors’ Asia (ex-Japan) subsidiaries and Chairman of Dimensional SmartNest (Dimensional Retirement), is adding another title to his resume.

Jeffrey Carney may be looking for new digs and a new gig.

Credit Suisse Group AG and Qatar Holding LLC, a unit of the Persian Gulf emirate’s sovereign- wealth fund, agreed to form asset manager Aventicum Capital Management to boost investments in emerging markets.

Shenkman Capital Management has launched its first mutual fund: the Shenkman Short Duration High Income Fund (SCFIX and SCFAX), which will bet on a diversified portfolio of corporate bonds and other obligations issued by non-investment grade rated companies.

First came “active” management: A pension fund, endowment or foundation hired managers that it felt could get results that “outperformed” the market.

The 20th anniversary is fast approaching of the launch by State Street Global Advisors in 1993 of the first investment fund that could be traded throughout the day like a stock.

On the eve of the election, economic uncertainty and the "fiscal cliff" have been weighing heavily on the minds of planners as well as clients.

SignalPoint Capital Management has launched the SignalPoint Global Alpha Fund, the firm's first open-ended mutual fund, which is based on its separately managed account strategies.

AQR Capital Management has added two mutual funds, AQR Risk Parity II MV Fund (Class I/QRMIX) and AQR Risk Parity II HV Fund (Class I/QRHIX), to be distributed through advisors only.

The firm hit $19.9 billion in AUM in the third quarter of 2012, an 18% jump from $16.8 billion in the third quarter last year. Most of the increase came from new client inflows.

In addition to the launch of its latest SRI fund, Bethesda, Md.-based Calvert Investments has also announced today the hiring of Amy Mathis as its new director of relationship management.

Forward has revamped its suite of asset allocation funds, renaming them the Forward Global Asset Allocation Series.

The Board of Directors of Kinetics Mutual Funds last month approved an overhaul of the Water Infrastructure Fund(KWINX).

Look for Calvert Investments in emerging markets investing, with the launch today of its latest socially responsible investment fund.

The 20th anniversary is fast approaching of the launch by State Street Global Advisors in 1993 of the first investment fund that could be traded throughout the day like a stock.

Hedge funds cut bullish wagers on commodities by the most since June as prices retreated to a three-month low on mounting concern that Europe’s debt crisis will worsen and U.S. growth slow.