Investments

Paladyne Systems has launched a new turnkey front-to-back office service for start-up hedge funds called Paladyne FastStart.

The new European Union hedge fund passport rule the European Parliament is soon to vote on, will permit all hedge funds, including those in the U.S., to operate throughout all of Europe’s 27 nations—but it would also subject them to the strict compensation rules.

Russell Investments has launched a new family of equal weight indexes that also manage for sector risk and are easily replicated for investable products. The indexes apply to each of the nine Russell global sectors: consumer discretionary, consumer staples, energy, financial services, healthcare, materials and processing, producer durables, technology and utilities.

The new EU hedge fund passport rule the European Parliament is soon to vote on, will permit all hedge funds, including those in the U.S., to operate throughout all of Europe’s 27 nations—but it would also subject them to the strict compensation rules.

CMG Capital Management Group has selected American Independence Financial Services to managed the tactical fixed income portion of its absolute return managed accounts and Absolute Return Mutual Fund.

Fidelity Investments is making its single family offices services available to advisers serving this market as well as ultra-high-net-worth clients with investable assets of $50 million or more.

The company offers a way for advisors to gauge bond prices amid the retail investor market.

Increased bank-customer interest in variable products indicates a positive shift in their aversion to market exposure.

While many investors like the flexibility that the products offer, many still don't understand the product.

And emerging market exchange-traded funds will grow in tandem.

The Internal Revenue Service is kicking off the first round of audits of Build America Bonds and is asking issuers if any potentially related entities, such as pension plans, are buying their BABs, according to issuers and IRS officials.

The Women Advisors Forum opens Monday with food for this thought: That gender equality is the basis for intelligent investing.

Business owners are not planning to hire and most advisers are not expecting the economy to recover next year.

It isn’t every day that you get your opinion validated by the likes of Jeremy Siegel, the “Wharton wizard,” market commentator and senior investment strategy advisor for Wisdomtree ETFs. Siegel delivered a very bullish talk at Sourcemedia’s ETF 360 conference in New York.

NEW YORK—Growth in emerging markets has the potential to outpace the U.S. Baby Boomer explosion by 25 times, and as consumption and infrastructure in these nations builds, specialized emerging market exchange-traded funds will become increasingly viable, said Robert Lutts, president and chief investment officer of Cabot Money Management.

Market-linked CDs’ winning features are pushing indexed annuities off banks’ product shelves.

Annuity information company is a unit of Advanced Sales and Marketing.

The Hartford’s Canadian fund business is comprised of 18 mutual funds. The deal is expected to close in December.

Outflows among tax-exempt money market funds rose to $2.31 billion in the week ending Oct. 18, causing total net assets to recede to $327.99 billion, according to the Money Fund Report, a service of iMoneyNet.com.

Expert investors and analysts have been saying it for years: economies in the emerging markets have become so sophisticated that the so-called frontier markets are becoming the place to find richer yields.