Investments

BNP Paribas Securities Services is not well known for handling custody of fund assets in either Mongolia or the United States.

On July 20, 2012, Northern Trust has hired Jeff Kearny to lead new business development for asset servicing the West Coast and in the Mountain states, including corporations, public pension funds, insurance companies and not-for-profit institutions.

ON July 20, 2012, Target-date fund providers are taking two steps forward and three steps back, according to a new report by BrightScope, dubbed Popping The Hood V, 2012.

On July 20, 2012, Alternative mutual fund Forward is now one of the portfolio strategists on the investment platform of Genworth Financial Wealth Management, Inc., where it will introduce its new multi-asset income product to advisors.

Asset managers predict alternative mutual funds to make up 9.7% of mutual fund assets in five years, and rise further to 15.8% of assets in 10 years, according to new research by Cerulli Associates.

BlackRock has a new real estate offering in the works, dubbed the BlackRock US Real Estate Securities Strategy Fund, according to a Securities and Exchange Commission filing.

Institutional investors took $12 billion out of money market funds in the week that ended Wednesday, the Investment Company Institute reported. Since the end of 2008, assets have been cut by a third, from $3.83 trillion, to $2.54 trillion.

Tax-exempt money market funds lost $2.03 billion -- nearly half of the unusually high bounty they amassed last week – as total net assets dipped to $272.67 billion in the week ended July 16, according to The Money Fund Report, a service of iMoneyNet.com.

Municipal bond mutual funds continue to see strong and growing demand from investors. Even though, the week was marked by modest moves in prices throughout most of the yield curve, money poured into bond funds for the week ended July 18.

The Dow Jones Industrial Average gained another 34.66 points Thursday to finish at 12,943.36 while the Nasdaq and S&P 500 rose 23.30 points and 3.73 points, respectively.

$12B Pulled Out of Money Funds by Institutions. Industry Shrinks by One-Third

On July 19, 2012, BlackRock has a new real estate offering in the works, dubbed the BlackRock US Real Estate Securities Strategy Fund, according to a Securities and Exchange Commission filing.

NY Fed Staff Backs Limit on Money Fund Withdrawals. ICI Opposed.

On July 19, 2012, Leveraged buyout stalwart KKR & Co. is taking a stab at retail investors with a proposed new offering dubbed the KKR Alternative High Yield Fund.

On July 19, 2012, Portland, ME-based Foreside Financial Group, LLC, a mutual fund and exchange-trade fund distributor and compliance consultant, is on a buying spree.

Charles Schwab is beefing up its exchange-traded fund business with a new hire from Guggenheim Investments.

Asset managers predict alternative mutual funds to make up 9.7% of mutual fund assets in five years, and rise further to 15.8% of assets in 10 years, according to new research by Cerulli Associates.

On July 19, 2012, Asset managers predict alternative mutual funds to make up 9.7% of mutual fund assets in five years, and rise further to 15.8% of assets in 10 years, according to new research by Cerulli Associates.

On July 19, 2012, It may seem completely crazy to compare the use of social media with sexual harassment.

Employees are willing and able to save more money for retirement through their workplace retirement plans. They just don’t know the best way to do it.