Investments

Kathleen Gaffney, a member of Loomis, Sayles & Company’s multisector “full discretion” fixed income portfolio management team, has left the firm to join Eaton Vance as co-director of Investment Grade Fixed Income.

The rapid growth in exchange-traded funds is making the landscape a treacherous one for investors and advisors alike.

BlackRock Inc., the world’s largest exchange-traded fund provider, has an “edge” over State Street Corp. in buying Credit Suisse Group AG’s ETF business, according to Citigroup Inc. analysts.

Mitt Romney “has the momentum and nothing last night happened to change that,” said Charles Black, a Romney campaign advisor at the SIFMA annual meeting in New York.

Wall Street may still be in love with complex financial instruments, but more and more investors are choosing a simpler, more prudent way to invest, and Steve Atkinson explain that that is why the assets under management with independent wealth advisors continues to grow.

The Investment Company Institute is touting its more user-friendly website, which includes a new overall look and improved navigation.

When it comes to revenue and expense management, the investment management industry is fragmented and in need of an overhaul, according to a recent survey of EMEA investment managers by Bonaire Software Solutions.

RiverNorth Capital Management has launched a new options/volatility mutual fund: the RiverNorth Dynamic Buy-Write Fund (RNBWX), which sells what the firm believes to be the “most attractive covered equity options”.

Sector ETFs have grown 49% at Charles Schwab over the past year—the firm’s fastest growing asset category, according to a 3Q ETF snapshot Schwab officials discussed on a conference call on Friday.

BOSTON-Understanding what makes a good manager can make or break a fund firm in terms of getting its products distributed or dropped.

Callan Associates has added Dana Brown to its Fund Sponsor Consulting group as senior vice president.

Socially responsible shop Calvert Investments has added Darryl Keeton as director of internal sales, responsible for internal-external sales team partnerships and developing the firm’s internal sales team.

Last week, shareholders of $253 million Morgan Stanley Mid Cap Growth Fund approved a move to transfer the fund’s assets to the Mid Cap Growth Portfolio in exchange for shares of Mid Cap Growth, according to a Securities and Exchange filing.

QuantShares is in the process of shelving a trio of exchange-traded funds.

OppenheimerFunds has launched the CEO Advisor Institute, which combines business management, personal and professional development content and investment thought leadership for advisors.

Sector ETFs have grown 49% at Charles Schwab over the past year—the firm’s fastest growing asset category, according to a 3Q ETF snapshot Schwab officials discussed on a conference call on Friday.

Facing a growing demographic of Americans who likely have not saved enough for retirement, BlackRock launched The BlackRock Retirement Center, a new digital retirement platform that offers individuals access to resources, tools and insights about their pending retirement.

The move by Vanguard, the nation's third largest manager of ETFs, to change the benchmark on 22 of its index funds and ETFs earlier this month reverberated throughout the indexing industry, placing it squarely on the battlefield as the pricing war between two of the biggest ETF makers rages on.

There are thousands of hedge funds competing in the marketplace. They come in all shapes and sizes, but all too often they approach investors with the same thesis.

Total money market mutual fund assets increased by $5.84 billion to $2.568 trillion for the week ended Wednesday, October 17, according to data from the Investment Company Institute.