Investments

On April 19, 2012, Capital markets tech provider Broadridge Financial Solutions, Inc. has launched a new corporate website by which mutual fund executives can shop for software systems and services.

On April 19, MMe learned that Neuberger is launching a multi-strat alternative fund within the next few weeks.

On April 19, 2012, U.S. treasurers say they will sharply reduce their use of money market funds if the Securities and Exchange Commission (SEC) adopts either a net asset value float, a redemption holdback or capital requirements on the industry, according to a report released by the Investment Company Institute.

But despite the inflows and booming equity markets during the first quarter, revenue declined $33 million, or 1 percent, to $2.2 billion.

The nascent actively managed exchange-traded fund space, currently populated by PIMCO, AdvisorShares and Guggenheim, will soon get a new entrant: Putnam.

Here is a step by step rundown on how the SEC says the ‘scheme’ executed by optionsXpress, involved ‘naked’ short selling, with failure to deliver the securities involved in the trades. Or ... it did not.

Some firms grow organically, pumping out funds. Then, they hire reps and distributors to market and sell their offerings.

On April 18, Russell Investments added Tom Goodwin in the newly created role of senior research director for Russell Indexes.

The Dow Jones Industrial Average lost 82.79 points to close at 13,032.75 Wednesday while the Nasdaq and S&P 500 lopped off 11.37 points and 5.64 points, respectively.

On April 18, Boston-based Affiliated Managers Group, Inc. (NYSE: AMG), has agreed to acquire a majority equity interest in Yacktman Asset Management Co.

Ask any advisor and he or she will tell you that clients can’t get enough of long-term growth mutual funds. Here’s an interactive slide show featuring the five best performers so far this year.

On April 18, Reuters reports that the chief operating officer of Guggenheim Investments and two other top executives were let go this week as part of a reorganization at the firm, according to three people familiar with the situation.

On April 17, 2012, Bob Reynolds said Putnam is currently prepping an active ETF offering.

On April 18, 2012, Thomson Reuters announced that it will now offer clients of three investment data providers, FundCount, Quantifi and SAGE SA, access to Thomson Reuters DataScope Select platform for non-streaming, cross-asset, global content

On April 17, 2012, Guggenheim Investment Advisory, a division of Guggenheim Partners, has hired Citi to provide a complete suite of services including middle office, fund administration and custody for Guggenheim’s hedge fund investment platform.

On April 17, 2012, Two mutual fund heavyweights yesterday were recognized for their focus on consumer needs, innovation and fiduciary services..

Fund administration service provider Gemini Fund Services, LLC and Cole-boutique law firm Frieman Mallon & Hunt LLP have joined forces to launch Two Roads Shared Trust.

Mutual fund assets within Defined Contribution Investment Only programs, which are used to support 401(k) retirement plans, have been growing in size and disparity in recent years.

On April 17, 2012, Vericimetry launched it first mutual fund.

The Dow Jones Industrial Average rallied up 194.13 points to close at 13,115.54 Tuesday while the Nasdaq and S&P 500 stormed up 54.42 points and 21.21 points, respectively.