Investments

Build America Bonds have entered a world of their own. As the market braces for a blitz of taxable state and local government debt sales to close out the year, some experts expect the already-shaky correlations between BABs and other assets to break down.

Portfolio managers at the top funds took home an average $4.85 million.

Glenmede Trust's office in New York has helped provide a quick asset boost in the wake of the market crash. The Philadelphia firm has added about $2 billion to its assets under management since the end of 2008, for a total of $18 billion.

Dupree Funds is launching a taxable municipal bond fund this week, just the second effort at creating a mutual fund devoted to Build America Bonds.

The Absolute Return LLC has launched a family of five absolute return portfolios that aim to deliver positive returns regardless of the direction of the market.

Global X Funds has launched the Global X Gold Explorers ETF, which it says is the first exchange-traded fund to invest in gold exploration companies.

Fund will buy the stocks of companies that make much of our modern high-tech lives possible.

Bond funds attract $5.31 billion of new money in the week.

The U.S. dollar could lose 20% of its value as a result of the trillions of dollars the Federal Reserve is pumping into the money supply by purchasing long-term government bonds through QE II, or quantitative easing, part two, Bill Gross, co-chief investment officer of PIMCO, told Reuters.

Aston Asset Management, in partnership with Crosswind Investments as sub-advisor, has launched the Aston/Crosswind Small Cap Growth Fund.

Cambridge CTO will provide chief technology officer expertise for funds.

RBC Capital Markets plans to announce Wednesday that Francisco Gonzalez has joined its municipal finance group to focus on large issues.

Baltimore-based global investment management firm has added Craig Sidall, a veteran of institutional investment consulting and client management, as VP and consultant relations manager focusing on Canada.

With close to $2.16 billion of assets, the fixed-income fund can be managed in a nimble style — increasing and decreasing positions without moving the market to its detriment.

Jensen Portfolio tops the list of domestic, large-cap funds

Money market funds continue to waive big chunks of their management fees as yields on cash instruments remain too low to charge the full amount.

Instead of focusing on fund holdings, brokers want to hear how fund offerings can enhance a portfolio and help them grow their business.

Janus Capital Group Inc. announced Monday it launched three separately managed account investment strategies for U.S. institutional investors.

"Uncertainty and doubt remain in the marketplace," according to Strategic Insight.

For the managers of the Thornburg International Value Fund, troubles across the Atlantic are just weak spots in what is, overall, a solid market for overseas investments.