Investments

Alternative mutual fund shop Hatteras Funds has launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund, which will bet on “multiple” hedge fund managers.

The global market for fixed income exchange traded funds will likely grow to more than $2 trillion in assets over the next decade, compared with $302 billion today, according to a new report by iShares.

Great Falls, M.T.-based Davidson Investment Advisors has launched its second mutual fund, dubbed the Davidson Small/Mid Equity Fund, to complement its maiden offering, the Davidson Multi-Cap Equity Fund.

MFS Investment Management has unveiled a new branding campaign to emphasize its international initiatives to its increasingly diverse client base.

AdvisorShares is teaming up to with Your Source Financial, a Phoenix, AZ-based investment advisor, to launch the Global Alpha & Beta ETF (RRGR) on July 11. Roger Nusbaum, chief investment officer of Your Source Financial, will serve as the portfolio manager of RRGR.

A tightening of municipal bond yields in various pockets of the secondary market highlighted an otherwise quiet trading session Monday.

AdvisorShares is teaming up to with Your Source Financial, a Phoenix, AZ-based investment advisor, to launch the Global Alpha & Beta ETF (RRGR) on July 11. Roger Nusbaum, chief investment officer of Your Source Financial, will serve as the portfolio manager of RRGR.

On July 10, 2012, The 32-year wait for a comprehensive record-keeping system to monitor trading across U.S. equity and options markets is approaching conclusion.

MFS Investment Management was founded in 1924 and is one of the oldest asset management companies in the world, operating roughly 60 mutual funds.

The Dow Jones Industrial Average trimmed 36.18 points Monday to close at 12,736.29 while the Nasdaq and S&P 500 shed 5.56 points and 2.22 points, respectively.

San Francisco, Calif.-based consulting shop Callan Associates has hired today Yosangel G. Haddad as vice president, based in Callan’s new location in Summit, New Jersey.

Global X Funds, the New York based provider of exchange traded funds, is changing the index, name, ticker, expense ratio and investment objective of the Global X S&P/TSX Venture 30 Canada ETF (Ticker: TSXV).

On July 9, 2012, AQR Capital Management has added four mutual funds, including AQR U.S. Defensive Equity Fund (Class I/AUEIX), AQR International Defensive Equity Fund (Class I/ANDIX), AQR Emerging Defensive Equity Fund (Class I/AZEIX) and AQR Risk-Balanced Commodities Strategy Fund (Class I/ARCIX), to its portfolio.

Financial services-focused private equity shop Lightyear Capital LLC has appointed Jerry W. Miller, former president and chief executive officer of Van Kampen Investments, as a senior advisor on behalf of its affiliated funds.

Austin, Texas-based Dimensional Fund Advisors has appointed Peng Chen as chief executive officer, Asia (ex-Japan). Chen joined Dimensional on July 1 from, where he served as president of its global investment management division.

Overall, mutual funds and ETFs reported net inflows of $3.2 billion for the week with equity products garnering $10.3 billion—their largest weekly gain since September 14, 2011, according to fund flow data for the week ending July 3, providing by Lipper.

Calamos Investments has created the three-person Calamos Value Equity Team, consisting of active, fundamental value investors Jeff Miller, Ariel Fromer and Tammy Miller.

IndexIQ plans to close the IQ South Korea Small Cap ETF.

Economist Milton Friedman once famously quipped that price deflation can be fought by "dropping money out of a helicopter."

On July 6, 2012, IndexIQ plans to close the IQ South Korea Small Cap ETF (NYSE Arca: SKOR).