Investments

Andrew Engel, a portfolio manager at Minneapolis-based Leuthold Weeden Capital Management, passed away on May 9, according to the firm.

Over the past year, nearly 70 mutual funds have snapped up pre-IPO shares of Facebook on private markets ahead of its IPO today, CNNMoney reports.

On May 18, 2012, Investors snubbed U.S. stock mutual funds yet again, according to the latest statistics from the Investment Company Institute.

Indexed annuities were one bright spot in the market, hitting $8.1 billion in sales, up 14% from the year-ago period.

Cantor Fitzgerald has hired five investment professionals to expand its presence in emerging markets in Latin American, with a particular emphasis on Brazil.

On May 18, 2012, The Hartford unveils its latest chief investment officer.

Altegris Advisors has launched the Altegris Equity Long Short Fund (ELSAX), designed to generate and capture alpha on the long and short side of the equity markets, predominantly US stocks.

The hunger for paper and search for yield in the municipal market reached their limits this week.

As the brokerage is learning with Joe Ricketts, even a casual connection to a founder or former CEO can carry reputational risks in the social media age.

On May 17, 2012, Brendan Clark was named president of Clark Capital Management Group, taking over for his father, Harry Clark, who founded the firm and will continue as chairman and chief executive officer.

The Dow Jones Industrial Average plunged another 156.06 points to end at 12,442.49 Thursday as Wall Street preps for Facebook’s much-anticipated debut on Friday.

On May 17, 2012, Altegris Advisors has launched the Altegris Equity Long Short Fund (ELSAX), designed to generate and capture alpha on the long and short side of the equity markets, predominantly US stocks.

On May 17, 2012, Jay Rosoff joined registered broker dealer Point Capital Markets, LLC as Managing Director of Distribution for the Thesis Flexible Fund, a multi-start alternative mutual fund.

Requiring money market fund advisers to hold capital to support their money market funds would fundamentally change the nature of these funds, according to a new study by the Investment Company Institute released today.

A new social media research report from kasina places iShares, Vanguard, Putnam, Russell Investments, and OppenheimerFunds as the Top 5 social media leaders in asset management.

There are a growing number of advisor-focused "value-added programs" that fund firms are using to attract top producing and other advisors to sell their wares to investors.

On May 17, 2012, Denver-based UAT Inc., a financial services technology firm specializing in the externally managed and sub-advised industry, has hired Ken Paieski as a partner.

There are a growing number of advisor-focused "value-added programs" that fund firms are using to lure top producing and other advisors to sell their wares to investors.

The Dow Jones Industrial Average shed another 33.45 points to finish at 12,598.55 Wednesday while the Nasdaq and S&P 500 lost 19.72 points and 5.86 points, respectively.

On May 16, 2012, a new study reveals that financial advisors are shunning traditional diversification and portfolio construction for sexier alternative investment strategies.