Nationwide Funds Group has merged the UBS High Yield Fund and UBS Global Equity Fund into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund, giving Nationwide some $183 million in new assets

The Nationwide Funds Group is taking two tacks to drive growth of assets.

Could the dismal European economy actually be "good" for anyone?

Nationwide Funds Group has merged the UBS High Yield Fund and UBS Global Equity Fund into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund, giving Nationwide some $183 million in new assets.

s Vanguard engaged in a fee war in the mutual fund space?

Parametric Portfolio Associates, a Seattle-based subsidiary of Eaton Vance Corp., has agreed to acquire the business of The Clifton Group Investment Management Company, a Minneapolis-based provider of futures- and options-based overlay services and custom risk management products to institutional investors.

Another seemingly ho-hum Friday just got a lot more interesting in the mutual fund world.

The 20th anniversary is fast approaching of the launch by State Street Global Advisors in 1993 of the first investment fund that could be traded throughout the day like a stock.

Franklin Templeton Investments' parent Franklin Resources has effectively expanded its alternatives offerings.

The NASDAQ's parent group is acquiring a new index provider.

Neil Bathon, founder of Fuse Research Network, has big plans for the research shop.

Hennessy Advisors has completed its buy of FBR Funds today as planned. The acquisition brings the Novato-Calif.-based company's total AUM to $3.1 billion.

Wells Fargo Advisors Financial Network has added four practices.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund - U.S . Government Portfolio, effective October 19.

Value Line Funds has combined the Value Line U.S. Government Money Market Fund (VLCXX) into the Reich & Tang Daily Income Fund – U.S . Government Portfolio, effective October 19.

Want to avoid personal liability in, for instance, properly valuing the assets in funds you manage?

Natixis Global Asset Management has agreed to buy McDonnell Investment Management, an Oak Brook, Illinois-based investment advisor with some $13.5 billion in assets under management for institutions and individuals.

London-based Northill Capital has agreed to buy a majority interest in Riverbridge Partners, a Minneapolis-based specialist investment manager of small, mid and large cap US equity growth portfolios for institutional and high net worth investors.

Neuberger Berman is bringing value investment management shop Glickenhaus & Co. and its $900 million in client assets for high net worth individuals and non-profit institutions into its fold.

The Charles Schwab Corporation has agreed to buy ThomasPartners, a dividend income-focused asset management firm with $2.3 billion in assets, for $85 million in cash and additional payments contingent on future growth in assets.