Investments

Nuveen Investments has promoted two portfolio managers, Emily Alejos and Andrew Thelen, to the position of co-chief investment officer of its Tradewinds Global Investors unit.

Financial institutions can increase their program revenue by 76% by emulating best practices of top competitors: PrimeVest

State Street Global Advisors on Thursday began trading the SPDR Barclays Capital Short Term High Yield Bond ETF on the NYSE Arca. The new SPDR ETF offers investors access to high yield corporate bonds with short durations. Its annual expense ratio is 40 basis points.

California-based investment advisor James Michael Murray allegedly defrauded investors using a bogus report from a fictitious auditing firm to embellish the performance of a hedge fund, according to the SEC.

Milwaukee, Wis.-based UMB Fund Services, Inc. today revealed a new milestone for its Investment Managers Series Trust, which has surpassed the $2 billion mark in net assets.

Prudential Investments has launched a long-term growth equity fund that invests in companies from a broad range of countries, including emerging markets.

PIMCO’S Douglas M. Hodge, managing director and COO of PIMCO, on the debate around how much investment managers should incorporate social responsibility into their investing decisions on behalf of clients.

Retirement executives at Fidelity Investments today have a few billion reasons to smile. That’s because the plan provider has renewed its contract with Raytheon Company, a technology and defense company, through 2017. The two companies have a 20-year relationship that began in 1992.

Russell Investments has launched two exchange-traded funds focusing on high dividend yield investments in American companies.

Nearly 54% of mutual funds taking part in a Bonaire Software Solutions study on distributor rebate payments said that tracking and reconciliation is their biggest challenge.

PIMCO's Bill Gross decided to take the active management he used to make the firm's Total Return Fund the largest mutual fund extant and apply it, with some variation, to bonds that could be traded at any time in an exchange-traded fund.

Van Eck Global is stirring up another exchange-traded fund in the form of the Market Vectors Global Chemicals ET, which will bet on U.S. and non-U.S. chemical concerns.

Van Eck Global is stirring up another exchange-traded fund in the form of the Market Vectors Global Chemicals ET, which will bet on U.S. and non-U.S. chemical concerns.

Kenneth Burd has joined Delaware Investments as vice president, head of internal sales, responsible for managing the 15-member internal sales desk, which supports the firm's retail sales efforts. Burd started his position on March 5.

On March 1, Bill Gross, co-founder of the Pacific Investment Management Company, officially crossed the line and fired his opening salvo in the exchange-traded fund business.

The Dow Jones Industrial Average moved up 16.42 points to close at 13,194.10 Wednesday. The tech-heavy Nasdaq inched up 0.85 points to 3,040.73 while the S&P 500 lost 1.67 points to end at 1,394.28.

WisdomTree Investments, Inc. is visiting the NASDAQ MarketSite in Times Square on Thursday with Western Asset Management Company, a subsidiary of Legg Mason, to celebrate the launch of the WisdomTree Emerging Markets Corporate Bond Fund.

Fixed-income funds see the biggest cash inflow.

La Jolla, Calif.-based Altegris is looking to beef up its managed futures mutual fund, dubbed the Altegris Managed Futures Strategy Fund, a fund of funds, by adding two more managers to its stable.

Qualified accounts, such as 401(k)s and IRAs, retained 42.5% of the $37.6 billion that flowed into the accounts for a net asset inflow of $22.4 billion.