Investments

Principal Financial Group Inc. hired Maureen Hays as managing director of consultant relationships as the insurer seeks more business at a unit overseeing $292.4 billion for retirement plans and institutional clients.

Crisis and business continuity planning have been given a renewed focus in recent years as man-made and natural disasters have increased in both frequency and severity.

One service provider is looking to take advantage of the migration of hedge funds into the mutual funds space by offering its hedge fund clients its Investment Company Compliance Services offering.

Neuberger Berman Group has launched the Neuberger Berman Greater China Equity Fund (NCEAX, NCECX, NCEIX), a mutual fund for U.S. investors investing primarily in equity securities of issuers based in mainland China, Hong Kong, Taiwan, and Macau.

Money market mutual fund assets increased by $8.53 billion to $2.632 trillion for the week ended July 17, according to the Investment Company Institute.

Municipal bond mutual funds continue to hemorrhage money as investor demand remains low.

Money market mutual fund assets increased by $8.53 billion to $2.632 trillion for the week ended Wednesday, July 17, according to the Investment Company Institute.

A new study shows that the current yield environment could leave retirees badly underfunded.

BlackRock said second-quarter profit climbed 32% as rising stock markets boosted fees.

One service provider is looking to take advantage of the migration of hedge funds into the mutual funds space by offering its hedge fund clients its Investment Company Compliance Services offering.

Direxion today announced that the Direxion Indexed Managed Futures Strategy Fund (DXMAX) has gathered more than $100 million in assets under management since launching in February 2012.

BlackRock Inc., the world’s biggest money manager, said second-quarter profit climbed 32% as rising stock markets boosted fees.

PIMCO last month teamed up with product and technology platform provider Aria Retirement Solutions and insurer Transamerica Advisors Life Insurance Company to market contingent deferred annuities to asset-based fee-only registered investment advisors.

Inflows to long-term mutual funds were $1.28 billion for the eight-day period ending Wednesday, July 10, according to the Investment Company Institute.

Broadridge Financial Solutions today announced the closing of its acquisition of Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions for institutional asset managers, wealth managers, mutual funds, bank trusts and hedge funds

Inflows to long-term mutual funds were $1.28 billion for the eight-day period ending Wednesday, July 10, according to the Investment Company Institute.

Guggenheim Investments has launched two new BulletShares ETFs: Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL) and Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM).

Starting in January 2014, 51% of retirement plan sponsors will change their investment lineups, paving the way for more mutual funds to fill their needs, according to a Cogent Research study.

Smead Capital Management has announced that its Smead Value Fund (SMVLX, SMVMX) recently gathered $100 million on its way to $400 million in assets under management, as a result of partnerships with RIA’s and brokerage firms.

Hedge funds have beaten the FDIC in a series of legal disputes over the assets of bankrupt holding companies, exposing a serious flaw in the regulator's system for recovering value from failed institutions.