Investments

The tax-exempt market ended the day mostly unchanged as market participants said August vacations have slowed trading.

A key government witness against three former UBS AG municipal-bond executives in a bid-rigging trial called one of the defendants an "idiot" and was asked today whether he disliked him so much that he put photos of tortured cats on his desk.

On August 9, 2012, Hatteras Funds has rehired Michael Hutten as an executive director, responsible for leading sales initiatives in the Western U.S. region, focusing on investment consultants, Registered Investment Advisors, and broker/dealers.

On August 9, 2012, A pair of mutual fund firms this week reported an uptick in assets under management for July.

On August 9, 2012, Mutual funds dropped $1.19 billion for the week ended Wednesday, August 1, according to data from the Investment Company Institute.

On August 9, 2012, What is up with ASPire?

The Dow Jones Industrial Average moved up 7.04 points Wednesday to close at 13,175.64. The Nasdaq lost 4.61 points to end at 3,011.25 and the S&P 500 inched up 0.87 points to finish at 1,402.22.

Seventy-five percent of variable annuity buyers, 86% of indexed annuity buyers and 86% of traditional fixed annuity buyers reported being satisfied with their annuities.

On August 8, 2012, US ETF assets totaled $1.19 trillion as of July 31, 2012 – up 13.8% year-to-date, according to the latest ETF Snapshot report from State Street Global Advisors

Since the beginning of the year, U.S. stock funds have lost more than $64 billion in outflows.

On August 8, 2012, Operating margins in the global asset management industry have recovered from their 2009 lows, at a median 32% in 2011, yet they remain below pre-crisis levels, according to new research by U.S. Institute, McLagan and Casey, Quirk & Associates.

On August 8, 2012, Emerald Asset Advisors has restructuring its flagship allocation fund, formerly dubbed the EAS Genesis Fund, to a more focused alternative investment mandate.

On August 8, 2012, Mary Schapiro, chairman of the Securities and Exchange Commission, is looking to turn $2.6 trillion money-market mutual-fund industry on its head.

Nearly six in 10 business owners (59%) expect to be in a good financial position over the next 12 months, down from 66% who said so in second quarter.

On the same day that FocusShares announced its exit from the exchange-traded fund business, Russell Investments announced today that it is "conducting a strategic review of its direct U.S. ETF business in an effort to focus more exclusively on its core competency."

On August 7, 2012, Et Tu, Russell?

On August 7, 2012, One exchange-traded fund provider is calling it quits after deciding to pull the plug on its external PR efforts.

Portfolio managers from Huntington Asset Advisors' US Equity Rotation Strategy ETF discuss their top picks in IT and health care.

On August 7, 2012, AdvisorShares will begin trading its QAM Equity Hedge ETF (NYSE:QEH) on Wednesday, August 8.

On August 7, 2012, Morrison & Foerster has added two Of Counsels to its Denver office.