Mutual funds

Calamos Investments today officially unveiled its Calamos Long/Short Fund (CALSX; CCLSX; CILSX; CRLSX). Money Management Executive previously reported on the fund’s launch.

Fred Alger Management has expanded its investment lineup by launching the Alger International Growth Fund (AIGIX) and the Alger Global Growth Fund (CHUSX).

Deutsche Asset & Wealth Management has launched the db X-trackers Municipal Infrastructure Revenue Bond Fund (RVNU) and the db X-trackers Regulated Utilities Fund (UTLT).

Bank of America Corp. and Wells Fargo & Co. were ordered to pay about $5.2 million in fines and restitution by the Financial Industry Regulatory Authority over sales of loan funds.

Nuveen Investments today announced its Nuveen Symphony Credit Opportunities Fund (NCOIX) I shares class received a 5-star Morningstar Rating.

Global exchange-traded product flows reached $26.5 billion in May, the second strongest month this year, according to BlackRock’s latest ETP Landscape Monthly Snapshot.

OppenheimerFunds has promoted Art Steinmetz to president. He is currently executive vice president and chief investment officer, where he oversees all equity, fixed income and alternative investment capabilities including investment strategy, strategic planning and personnel.

Mutual funds firms are no longer novices at harnessing the marketing potential of Facebook and Twitter, and have, at least incrementally, been learning to successfully reach investors through social media channels.

ING U.S. announced last week that the underwriters in its initial public offering have exercised their overallotment option to purchase approximately 9.8 million additional shares of ING U.S. from ING Group at the IPO price of $19.50 per share.

This was one initial public offering that NASDAQ executives sure didn't "like".

In early May of 2013, Scottish firm Aberdeen Asset Management announced plans to run its first ever global brand advertising campaign.

"Buy a pool in March 2014," Fidelity Investments' FutureTimeline application tells users on Facebook.

In an environment of transparency and volatile capital markets, you would think exchange-traded fund vehicles would hold more of a percentage in the $3.6 trillion retirement plan marketplace.

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

John Hancock Funds has added Christopher Fuschillo as a managing director on its institutional sales team in a new position, calling on analysts and gatekeepers at major broker-dealer firms.

The ICI has a new director of Financial Services Policy.

OppenheimerFunds has promoted Art Steinmetz to president. He is currently executive vice president and chief investment officer, where he oversees all equity, fixed income and alternative investment capabilities including investment strategy, strategic planning and personnel.

Two of Vanguard largest funds: Vanguard Total International Stock Index Fund (VGTSX) and Vanguard Total Stock Market Index Fund (VTSMX) representing $343 billion in aggregate assets will begin tracking indexes of FTSE and the University of Chicago’s Center for Research in Security Prices (CRSP) on June 3.

Four iShares exchange-traded funds have new CUSIP numbers for “operational reasons,” according to BlackRock.

Rye, NY-based Teton Advisors has launched the TETON Westwood Mid-Cap Equity Fund (WMCEX) to bet on undervalued companies with market capitalizations between $1 billion to $20 billion.