Mutual funds

Mutual funds picked up $8.51 billion for the week ended Wednesday, May 15, according to the Investment Company Institute, but bond funds suffered.

Direxion Funds, based in Boston, is known for creating innovative tactical exchange-traded funds, particularly leveraged index funds.

Aberdeen Asset Management PLC wrapped up its acquisition of Artio Global Investors, a U.S. publicly-listed asset manager, effective May 21.

Mutual funds picked up $8.51 billion for the week ended Wednesday, May 15, according to the Investment Company Institute.

The New Castle County Employees’ Pension Program, based in New Castle, Del., has opted to siphon a Madison Square Investors account in favor of Vanguard's index management.

Jack Lew isn’t your average baby boomer.

Liquid alternative provider IndexIQ, is celebrating a milestone.

Vanguard is preparing to launch several international exchange-traded funds based on FTSE indices.

Stock market volatility since the global credit crisis has scared many investors away, leaving some struggling to generate growth and returns.

The Tilson Mutual Funds is saying goodbye to one of its own.

The Harbor Funds Board of Trustees has replaced Marsico Capital Management as the sub-adviser to the Harbor International Growth Fund (HAIGX) with Baillie Gifford Overseas Limited, effective May 21.

Pioneer Investments has named Jonathan Chirunga as a portfolio manager on two Pioneer open-end municipal bond funds: Pioneer High Income Municipal Fund and Pioneer AMT-Free Municipal Fund.

VTL Associates, an independent investment advisory and consulting firm based in Philadelphia, has received an infusion of capital from Chinese venture capital firm, Suzhou Industrial Park Kaida Venture Capital.

Direxion has added another member to its sales team.

What will happen if 1994's sudden burst in interest rates repeats itself?

Federated Investors has decided to liquidate the Federated Alabama Municipal Cash Trust (ALMXX).

The Securities Industry and Financial Markets Association named former New Hampshire governor and U.S. senator Judd A. Gregg as its next chief executive officer.

Altegris is broadening its Altegris Macro Strategy Fund (MCRAX, MCRCX, MCRIX, MCRNX) by allocating the fund’s assets to the global macro strategies of 300 North Capital and Willowbridge Associates.

BMO Global Asset Management continues to expand its Retirement Services teams while keeping an eye out for more potential hires.

Aberdeen Asset Management is embarking on first-ever global brand advertising campaign in 30 years starting today.