Investments

The Dow Jones Industrial Average chopped off 33.30 points Monday to close at 13,124.67. The S&P 500 trimmed 0.69 points to end at 1,410.44 but the Nasdaq moved up 3.40 points to finish at 3,073.19.

Rydex is nixing its Long Short Equity Strategy Fund because of “unfavorable market conditions,” according to a Securities and Exchange Commission filing.

Forward has hired a new marketing chief in light of the defection of former president Jeff Cusack to Nuveen Investments.

T. Rowe. Price has opened a newly relocated investor center in downtown Washington, D.C., the Washington Business Journal reports.

Manning and Napier have rolled out the Strategic Income Conservative Series and Strategic Income Moderate Series that will target income-producing securities.

John Hancock Financial, the U.S. division of Manulife Financial Corp., has named Kevin Cloherty Senior Vice President and Global Compliance Chief.

Eighty-three percent employers made 401(k) advice available to plan participants, up from 42% in 2005, according to new data from Charles Schwab.

The appeal and practicality of guaranteed income investments is rising and your clients are willing to pay significant fees for the peace of mind, according to NFP Advisor Services Group President James Poer.

Hedge funds boosted bets on rising commodities to the highest in 15 months, driving prices into a bull market as the U.S. drought worsened and the Federal Reserve signaled it may take more steps to spur economic growth.

There has been a lot of chatter surrounding the JOBS (Jumpstart Our Business Startups) Act and its inevitable impact on the job market. But what impact, if any, will it have on the hedge fund industry?

Total managed solutions assets ended the second quarter at $2.5 trillion, a decline of $600 million or less than 0.1% from the first quarter, according to data from The Money Management Institute.

Fidelity Investments is planning to fold its Fidelity Advisor Stock Selector Mid Cap Fund in the Fidelity Advisor Growth Strategies Fund.

The tax-exempt market ended firmer for the third session on Friday as demand outweighed supply and prices followed Treasuries higher.

Forward’s former president Jeff Cusack has taken a new job with rival alternative mutual fund ship Nuveen Investments.

The Dow Jones Industrial Average rallied up 100.51 points to Friday to close at 13,157.97 while the Nasdaq and S&P 500 moved up 16.39 points and 9.05 points, respectively.

Fidelity Investments is planning to fold its Fidelity Advisor Stock Selector Mid Cap Fund in the Fidelity Advisor Growth Strategies Fund.

After peaking at over $1,900 an ounce in August 2011, gold prices are now down around 12% from that apex. However, investors' demand for gold bullion ETFs has not dulled.

Pyramis Global Advisors, the institutional asset management arm of Fidelity Investments, has expanded its global distribution leadership team with the additions of Maureen Fitzgerald as head of North American Institutional Distribution, a newly created position.

Calamos Investments this week welcomed an old foe into its fold.

SEC Commissioner Luis A. Aguilar said that the agency should look at the “cash management industry as a whole” instead of zeroing in only on money market funds.