Investments

Like beauty, "risk" is often in the eye of the beholder. What might seem "risky" to one person (such as traveling to an exotic destination) might be an exciting adventure for someone else.

SAN FRANCISCO-Mutual funds had no idea in 2008 of what to do in a major bear market, according to W.H.C. Bassetti.

Fund administrator Gemini Fund Services has new leadership in place, new headquarters in New York, and is making strides in the alternative mutual fund and exchange-traded fund arenas.

When 2008 began, a record $12.0 trillion was held in mutual funds by individuals and institutions.

Two firms—Legg Mason (LM) and American Century Investments—both reported assets under management that showed assets growing, and in one case, reaching an all-time high.

Investment advisory firm Segal Rogerscasey has hired David Pappalardo as head of the firm's Advisors Solutions Group, a unit that provides access to Segal Rogerscasey’s institutional-quality research through financial intermediaries.

Equity mutual fund investors pulled $1.3 billion from their accounts (their fifth straight week of outflows), while equity ETF investors made a U-turn from the previous week’s withdrawal numbers and added a $12.1 billion to their accounts for the week ended Sept. 12.

Baltimore-based T. Rowe Price Group has named a former Fidelity senior official as its new head of global institutional services.

AdvisorShares is launching the STAR Global Buy-Write ETF (VEGA), which will begin trading on Sept. 18 on the NYSE's Archipelago Exchange.

The Federal Open Market Committee's actions today were designed to "quicken recovery," and will be removed before the nation reaches full employments, according to Federal Reserve Board Chairman Ben Bernanke.

Light supply and a perceived hesitation on investors' parts conspired to hold the municipal market to only modest outperformance against Treasuries this week.

While actions by the U.S. Federal Reserve could hold promising results, international monetary policy announcements have held less and less power this year, according to a new economic and market outlook update from Deutsche Bank Private Wealth Management.

Emerging markets shop Mirae Asset Global Investments (USA) is looking to corner the distribution market using the term “Great Consumer” for its funds

AdvisorShares is launching the STAR Global Buy-Write ETF (VEGA), which will begin trading on Sept. 18 on the NYSE’s Archipelago Exchange.

Janus Capital Group is growing its defined contribution investment only unit with addition of Ruben Gonzalez as a retirement director, Money Management Executive has learned.

Baltimore-based T. Rowe Price Group has named a former Fidelity senior official as its new head of global institutional services.

ING U.S.’s Retirement business has hired Jamie Ohl as president of Tax-Exempt Markets for the company’s institutional retirement operations.

Thomas McDonnell, the long-time chief executive of beleaguered financial services software company DST Systems, is retiring from the company at the end of this year.

Investors with at least $25 million in net worth are boosting their exposure to alternative investments. At the same time, these UHNW households are keeping some money in familiar territory: tax-free municipal bonds. The Spectrem Group, a Chicago-based consulting firm, reached those conclusions in recent online and mail surveys.

Long-term mutual funds took in $3.11 billion for the week ended Sept. 5, according to the Investment Company Institute.