Investments

Deutsche Bank today unveiled its growth strategy for the next three years and beyond for its U.S. mutual funds unit and other businesses.

Mark Fetting, CEO and chairman of asset manager Legg Mason, Inc., will step down at the start of next month, the Baltimore, Md.-based firm disclosed Tuesday.

ProShares this week got some good news from the United States District Court for the Southern District of New York, which dismissed, in its entirety, the class action lawsuit filed against the firm in 2009.

The departure of Chief Executive Officer Mark Fetting from embattled money manager Legg Mason has the firm reshuffling its top management in the face of a looming face-off with hedge fund manager Nelson Peltz of Trian Fund Management.

The Financial Services Authority has fined BlackRock Investment Management (UK) Limited £9,533,100 (US$15.2 million) for failing to adequately protect its clients’ money market deposits and for failing to have controls in place to protect its money market deposits.

Advisors who don't feel like wading through reports on 9,000 hedge funds may feel more comfortable scanning information on about 40, especially if those funds have been expertly screened. Envestnet has announced a hedge fund research alliance with Fund Evaluation Group.

While a number of major carriers have exited the annuity industry due to capital constraints, continued volatility and historically low interest rates, key players contend that there is still plenty of capacity to meet growing market demand.

Touchstone Investments, a Cincinnati-based mutual fund company, completed its acquisition of 16 mutual funds from Fifth Third Asset Management.

BlackRock is cutting fees for its large exchange-traded funds next quarter in response to pricing pressure from the Vanguard Group, Bloomberg reports.

Federated Investors has added $4.4 billion in assets by acquiring four Fifth Third money market funds and merging them into four existing Federated money market funds.

Herb Morgan has a good barometer to tell how hot the market for exchange-traded funds is getting.

The recent Berkshire Hathaway trade, sound technicals and a recent industry move to standardize contracts might increase interest in muni credit default swaps, which has suffered from apathy on the part of investors and a lack of price volatility to attract traders.

Herb Morgan has a good barometer to tell how hot the market for exchange-traded funds is getting.

Federated Investors has added $4.4 billion in assets from four Fifth Third money market funds into four existing Federated money market funds.

The Dow Jones Industrial Average sawed off 52.35 points Monday to finish at 13,254.29 while the Nasdaq and S&P 500 lost 32.40 points and 8.84 points, respectively.

Preparation is the key to a successful audit. The following guidelines will help your firm smoothly navigate the regulatory audit process and manage any possible surprises.

BlackRock is cutting fees for its large exchange-traded funds next quarter in response to pricing pressure from the Vanguard Group, Bloomberg reports.

Dimensional Fund Advisor has made its way onto Paychex’s Open Fund Select and Advisor Select platforms. Paychex provides of payroll, human resource, and benefits outsourcing services, including 401(k) plan recordkeeping, for small- to medium-sized businesses.

Denver-based ALPS Fund Services, Inc. has launched two large-cap Exchange-Traded Fund (ETF) index funds that will invest in an index of three ETFS that track the S&P 500 (SPX) and two volatility indices pegged off the S&P 500 Market Volatility Index (VIX).

Bank advisors often say the biggest benefit of this channel is the constant stream of potential clients-but are they really leveraging that?