Mutual funds

Munder Capital Management has hired Jim Kourkoulakos, a former portfolio manager and co-head of credit research at California Public Employees’ Retirement Service (CalPERS), as a senior portfolio manager for fixed income.

Kristen Pelling has joined Putnam Investments to fill a new role focused on large market defined contribution recordkeeping sales.

Oklahoma City, OK—based Exchange Traded Concepts, an exchange-traded fund platform for emerging managers, has received the green light from the Securities and Exchange Commission to launch actively managed ETFs, Money Management Executive has learned.

Touchstone Investments is closing its Touchstone Sands Capital Institutional Growth Fund to new investors. The fund managed some $2.6 billion as of March 8.

Investors injected roughly $10.8 billion into mutual funds and exchange-traded funds (ETFs) for the week.

We know it's there, but in many cases the extent and complexity of manual pricing can be significantly under estimated.

Investors injected roughly $10.8 billion into mutual funds and exchange-traded funds (ETFs) for the week.

San Francisco-based Shelton Capital Management is launching a “green” fund that will bet on companies that “are leaders in managing environmental risks.”

U.S. exchange-traded fund assets totaled $1.41 trillion as of Feb. 28– up 5.1% year-to-date, according to State Street Global Advisor’s latest ETF Snapshot.

Expect improvements in kasina's productivity benchmarking and advisor insights services with the hire of a new product manager.

Norm Champ has been on the job as Director of the Division of Investment Management at the Securities and Exchange Commission for eight months and a lot of mutual fund executives are nervously waiting for the SEC has in store for the industry in 2013 and beyond.

A year after not-quite-closing the book on one retirement-related lawsuit, Fidelity Investments is once again fighting allegations that it improperly used customers’ money earned in overnight accounts to pay its own operating expenses, Reuters reports.

Mutual funds continued their inflow streak yet again the week ended Feb. 27, but domestic equity funds saw their first outflows since the week ended Dec. 31, 2012. 

For the first time in nine weeks, muni bond funds that report flows weekly recorded outflows for the week of March 6, at $97 million.

OppenheimerFunds has launched the Diversified Alternatives Fund (ODAAX), a fund of funds that has exposure to the firm’s alternative mutual funds.

Total money market mutual fund assets dropped by $16.70 billion to $2.646 trillion for the week ended Wednesday, March 6, according to the Investment Company Institute.

Morningstar has handed out some extra gold stars.

The SEC and the IRS have met to discuss tax implications if money-market mutual funds were to adopt a floating share price, two people familiar with the talks said.

The Touchstone Global Real Estate Fund is getting a new sub-advisor.

J.P. Morgan Asset Management today launched the 2013 edition of its Guide to Retirement to help advisors with their retirement practices.