Investments

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.

Paul Schott Stevens has spet the past two years championing an industry-wide call for the SEC to not fix what isn't broken in a key segment of the industry: the $2.6 trillion money market mutual fund business.

Phillip D. Murphy, a former manager of municipal derivatives products at Banc of America Securities LLC, now Bank of America Merrill Lynch, was indicted by a federal grand jury on three counts of conspiracy and wire fraud in connection with a fraudulent scheme to rig bids for municipal-bond related investment agreements.

On July 23, 2012, Paul Schott Stevens has been president and chief executive of the Investment Company Institute since 2004.

The Dow Jones Industrial Average plunged 120.79 points Friday to close at 12,822.57 while the Nasdaq and S&P 500 lost 40.60 points and 13.85 points, respectively.

EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY is closing the the PIMCO Commodity Real Return Strategy to new investors, effective today, according to a Securities and Exchange filing.

United Technologies Company last month took the plunge into providing its employees a steady stream of retirement income.

TCW Funds, Inc. is liquidating the TCW Emerging Markets Equities Fund on August 31, according to a Securities and Exchange filing.

Three days in August 2007 will live forever in algorithmic investing infamy. Numerous quantitatively driven stock funds leapt en masse off a cliff-just like lemmings.

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