Investments

BNY Mellon Investment Management has hired Andrew Provencher as Head of U.S. Retail Sales, a newly created role in which he will be responsible for leading all sales and relationship management through the Dreyfus platform focusing on national wirehouse firms, Registered Investment Advisors, independent broker-dealers and private banks.

The USAA Nasdaq 100 Index Fund (USNQX) has made its way onto the T. Rowe Price retirement platform, Money Management Executive has learned.

Irascible investing legend John Bogle questioned whether target-date mutual funds are the right retirement investment choice in all cases.

The most important thing an advisor can do for clients is to integrate their investment portfolios with the rest of their financial needs, according to Morningstar’s director of global fund research.

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

During the week ended June 5, investors yanked an estimated $11.53 billion from virtually all categories of long-term funds, giving them their first weekly outflow this year.

A difficult May in the municipal bond market has put investors on the defensive.

Morgan Stanley has a plan to boost return on equity in fixed-income trading above its cost of equity after four of the five units failed to meet that metric last year, Chief Executive Officer James Gorman said.

Most emerging-market stocks fell as Brazil’s Ibovespa sank a day after entering a bear market, while investors weighed prospects for global stimulus measures.

Though they face similar challenges in preparing for their financial futures, men and women think about and respond to them in divergent ways, according to research released Wednesday as part of Northwestern Mutual’s ongoing 2013 Planning and Progress Study.

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.