Investments

Prudential Real Estate Investors has added Michael Gallagher as a director and portfolio manager to its global real estate securities team.

ETF flows topped $17 billion in May with the large cap category leading the way taking in $5.4 billion in flows, according to State Street Global Advisors’ latest ETF Shapshot.

Beijing, China-Harvest Fund Management is taking a stab at the U.S. market with the launch of New York-based Harvest Krane, which will distribute China and Asia-focused mutual funds to institutional and retail investors in the U.S.

BTS Asset Management announced today the conversion of the BTS Tactical Fixed Income Fund (BTFAX, BTFCX) from a hedge fund to a 1940 Act mutual fund. The Tactical Fixed Income Fund.

Women advisors descended on Dallas for the recent Women Advisors Forum. The day of educational sessions, discussion and networking opportunities featured an array of topics from how to use complex assets for charitable giving to succession planning and what it’s like to start your own business after starting out at a wirehouse.

ETF flows topped $17 billion in May with the large cap category leading the way taking in $5.4 billion in flows, according to State Street Global Advisors’ latest ETF SNAPSHOT: May 2013.

The TCW Group has expanded its distribution efforts in Europe and Asia, with the opening of new TCW offices in Paris and Hong Kong.

Vue Entertainment Ltd. was bought by two Canadian pension-fund managers looking to continue the expansion of one of Europe’s largest cinema operators for 935 million pounds ($1.45 billion).

Walt Bettinger, president and chief executive officer of Charles Schwab & Co., officially joined Twitter last week.

The Driehaus Large Cap Growth Fund (DRLGX) is closing to new investors on June 11 and will liquidate on July 19, according to a regulatory filing.

The Securities and Exchange Commission last week unveiled its money market fund proposals that, in part, seem to have won the support of its biggest critic: the Investment Company Institute.

Shares of discount brokers are gaining the most since 2003 compared with the Standard & Poor’s 500 Index, a sign that small investors are joining the four-year bull market even after U.S. stocks suffered their biggest losses in six months.

For the second consecutive week, equity exchange-traded funds experienced net outflows, handing back some $2.8 billion, while conventional mutual fund took in $500 million.

Investors pulled more money from municipal bond mutual funds than they have all year as funds that report flows weekly recorded outflows of $1.47 billion for the week ending June 5.

Trading at 25% down from an all-time high of $1,921 per ounce, gold's recent prices may have you thinking that the bull run is over.

One year after the "untimely" death of Richard Aster, founder of Larkspur, Calif.-based Aster Capital Investment Management, the investment advisor is selling off its assets.

ProShares has added Ramesh Babu as chief technology officer and William Poulin as head of product management.

The Wilmington Rock Maple Alternatives Fund (WRAIX) is making due with one less advisor starting today.

Portland, Ore. and Omaha, Neb.-based FolioMetrix has renamed its FMX retail mutual fund family the RiskX funds “in favor of something that better reflects what the company does,” according to the firm.

New York-based W.P. Stewart & Co. has hired Michael Maquet as chief executive officer, effective June 10.