Investments

On April 20, SS&C CEO said he is 'Very confident' now of GlobeOp takeover.

The nascent active exchange-traded fund space, currently populated by PIMCO, AdvisorShares and Guggenheim Partners, may soon get a new entrant.

Institutions 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 buffer requirements on the industry, according to a report released by the Investment Company Institute.

The investment bank and brokerage said its bond trading revenue rose compared with last year's first quarter, stripping out an accounting quirk, even as its chief rival, Goldman Sachs Group Inc, posted a decline.

Trading on U.S. equity markets averaged 6.6 billion shares a day in March, according to Tabb Group. That was down from 6.9 billion in February.

Bank holding companies earned $2.84 billion from the sale of annuities in 2011, up 10.4% from the previous year, according to a new report from Michael White Associates.

On April 19, 2012, Global X Funds has launched a new exchange-traded fund offering access to master limited partnerships (MLP) which the firm says charges roughly half other ETF providers charge in this invest category.

Despite generally strong quarterly earnings and outlooks from companies in a variety sectors, the Dow Jones Industrial Average still fell another 68.65 points to end at 12,964.10 Thursday.

On April 19, 2012, BlackRock, Inc. said that its iShares Exchange Traded Funds (ETFs) business has launched a new fund focused on corporate bonds in emerging market countries.

On April 19, RidgeWorth unveiled a new branding service for advisors.

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.