Investments

A new Portland, Ore.-based investment shop has bagged its first sub-advisory mandate courtesy of its affiliate.

Investors redeemed $11.53 billion from mutual funds for the week ended Wednesday, June 5, according to the Investment Company Institute.

A week after investors pulled out of low-grade bond funds at record levels, ING’s chief investment officer Christine Hurtsellers said that the selloff is “overdone.”

Bloomfield Hills, Mich.-based Ave Maria Mutual Funds, which markets itself as “the largest family of Catholic mutual funds in the U.S.,” today announced that it now manages more than $1 billion in assets.

New York-based Loeb & King Capital Management has filed with the Securities and Exchange Commission to launch the Loeb & King Alternative Solutions Fund, a multi-strategy alternative offering.

Last year, 36% of all participants in 401(k) retirement plans at Vanguard invested their plan assets in a professionally managed investment option, more than doubled from 17% at the end of 2007, according to the Valley Forge, Penn.-based firm.

Buyer beware! The Financial Industry Regulatory Authority today issued an investor alert regarding the burgeoning alternative mutual fund asset class.

Despite challenges, wirehouses are still the most attractive distribution opportunity for product manufacturers, according to Boston-based global analytics firm Cerulli Associates.

First Allied Holdings, an independent broker-dealer, is set to be acquired by RCAP Holdings.

Huntington, NY-based Catalyst Capital Advisors has added George Amrhein as Director of Business Development to build upon the firm’s key distribution relationships and manage the continued expansion of its lineup of mutual funds.

Broker-dealers charged billions of dollars in excessive markups on municipal bond trades from 2005 to 2013, according to a new study.

Most planners do a lot more than select investments. So how do you measure the value of providing financial planning?

Nuveen Investments is currently prepping the Nuveen Global Tactical Opportunities Plus Fund to launch within the next few months, according to a regulatory filing.

San Francisco-based Forward Funds is once again looking to scale down its alternative mutual fund offerings liquidating.

RidgeWorth Investments is beefing up its sales team with the addition of Christopher Danos, Scott Goldberg and Mallory Carr.

John Hancock has agreed to acquire Bellevue, Wash.-based Symetra Investment Services from Symetra Financial Corporation.

Huntington, NY-based Catalyst Capital Advisors has added George Amrhein as Director of Business Development to build upon the firm’s key distribution relationships and manage the continued expansion of its lineup of mutual funds.

Today we say that to be a canary in a coal mine is to be a warning to others. I couldn’t imagine a more fitting analogy then to say Japan is the canary for the U.S. And, fellow coalminers, Japan has stopped chirping.

Santa Fe, N.M.-based Thornburg Investment Management, a $87 billion asset manager, has established an office in London, first overseas office opened by U.S.-based TIM.

Athens, Ga.-based Stadion Money Management’s family of actively managed risk-based and target date retirement funds have found a new home on the Mid Atlantic Trust Company’s platform.