Investments

SS&C has consolidated its fund administration and Portia portfolio investment accounting system businesses in a single business unit renamed SS&C GlobeOp.

The Securities and Exchange Board of India met yesterday and took a number of steps to reenergize the mutual fund industry in India.

More than a third of investors are less tolerant of risk than they were eight months ago, according to a new TD Ameritrade investor sentiment survey.

QFS Asset Management announced that Dr. Jim Xiong has rejoined the firm as co-chief investment officer.

More than three in four advisors expect to continue selling variable annuities and allocate 11% of their assets under management toward these products, according to Cogent Research.

Anchor Capital Advisors will hire Michael C. Pierre as portfolio manager and acquire the client accounts that he manages from Moody Aldrich Partners.

BMO Asset Management is changing the investment objectives of several ETFs. The biggest change involves switching two of the ETFs to more recognized indices. In both cases, the firm is moving from Dow Jones indices to S&P benchmarks.

Henry Blodget, former cheerleader for the dot-com bubble and now editor-in-chief of The Business Insider website, names the big fund managers that got taken to the cleaners with the Facebook IPO in an article published yesterday.

Assets of institutional money market funds increased by $13.17B in the last week, the third largest inflow of institutional money since the end of March.

The Dow Jones Industrial Average rose 85.33 points Thursday to finish at 13,250.11 while the Nasdaq and S&P 500 added 31.46 points and 9.98 points, respectively.

Closed-end fund assets increased $1.61B during Q2. Equity fund assets decreased by $1.5B to $96.21B, and bond fund assets increased by $3.11B to $153.39B.

The world’s largest asset manager will use software from Hewlett-Packard to speed development of applications for Aladdin, its investment management platform.

Individual investors like what they see in long-term muni bond mutual funds and so have been pouring more money into them in 2012 than they have in years.

Defined contribution plan sponsors need to do a better job communicating key information to participants, according to a survey of plan participants.

BMO Asset Management is changing the investment objectives of several ETFs. The biggest change involves switching two of the ETFs to more recognized indices.

Henry Blodget, former cheerleader for the dot-come bubble, names the big fund managers that got taken to the cleaners with the Facebook IPO.

At four years and counting, the low-yield environment for bond looks likely to continue well beyond 2012 and has caused many investors to sit on the sidelines and miss out on additional income.

For some clients, it might make a lot of sense for planners to hedge large corrections by treating market volatility as an asset class to protect them from excessive downside risk.

The stock fund exit stampede continued last week, but at a slower pace. Investors withdrew $3.56 billion the week ended Aug. 8, down significantly from $5.65 billion the previous week.

Individual investors like what they see in long-term muni bond mutual funds and so have been pouring more money into them in 2012 than they have in years.