Investments

On May 29, 2012, Charles Schwab launched a new video series to help investors curtail impulse spending.

On May 29, 2012, Morningstar, Inc. released some sobering news about the alternative mutual fund space.

On May 29, 2012, HSBC added a fourth EM fund to its portfolio.

On May 29, 2012, Fort Worth TX-based American Beacon Advisors launched the American Beacon The London Company Income Equity Fund (ABCAX), which is sub-advised by The London Company of Richmond, Virginia.

On May 29, 2012, Leawood, Kansas-based Palmer Square Capital Management LLC, launched its second alternative mutual fund, dubbed the Palmer Square SSI Alternative Income Fund.

Minneapolis-based Leuthold Weeden Capital Management’s Board of Directors of the Leuthold Hedged Equity Fund has decided to liquidate the underperforming fund.

Keith Hartstein, president and CEO of John Hancock Funds, will be retiring in September 2012 after 22 years at the firm.

Executives from BlackRock, Vanguard, JPMorgan Chase, and Invesco met with SEC Chairman Mary Schapiro to talk about money market reforms.

San Francisco-based RS Investments has filed paperwork with the Securities and Exchange Commission to launch the RS Equity Income Fund.

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The Dow Jones Industrial Average lost another 74.92 points Friday to close at 12,454.83, closing out the week ahead of the three-day holiday.

On May 25, 2012, Virtus replaced Harris investment for Newfleet Asset as subadvisor for the Short/Term Bond fund.

Los Angeles-based Causeway Capital Management LLC has replaced Pzena Investment Management, LLC as subadviser to the Harbor Global Value Fund, effective May 25.

Hartford Financial Services Group Inc. last September put the brakes on its effort to sell its mutual-fund unit to private equity shop Clayton Dubilier & Rice LLC after banks cut back on lending for leveraged buyouts.

On May 25, 2012, San Francisco-based RS Investments filed paperwork with the Securities and Exchange Commission to launch the RS Equity Income Fund.

On May 25, 2012, the Wall Street Journals reports that Executives from fund giants BlackRock Inc., Vanguard Group Inc., J.P. Morgan Chase& Co. and Invesco Ltd. earlier this month met with Securities and Exchange Commission Chairman Mary Schapiro to talk about money market reforms.

On may 25, 2012, MME learned that Hancock Funds’ CEO is stepping down in September.

On May 25, 2012, Leuthold revealed that it is shutting down its Hedged Equity Fund.

Equity funds? Not so much. Total estimated inflows to long-term mutual funds were $3.90 billion for the week ended Wednesday, May 16, according to data from the Investment Company Institute.

Total exchange-traded fund assets fell in April by $6.23 billion to $1.187 trillion, according to data from the Investment Company Institute.