Mutual funds

Love seems to be in the air on this Valentine’s Day; love in the form of the attractive acquisition by Aberdeen Asset Management that is.

Mutual fund flows slowed down somewhat the week ended Feb. 6, although funds are still going strong in the black.

Alert! Stock funds gained assets four weeks in a row, picking up $20.7 billion through January 30.

The U.S mutual fund industry is set to surpass $15 trillion in assets in February, according to data from Strategic Insight.

Small and mid-sized managers may be considering the switch to outsourced chief investment officers, and a new report shows that this practice may prove a mixed blessing.

It’s almost finally here.

For the week ended Feb. 6, investors steered a meager $683 million into U.S. stock funds, a fraction of the $3.52 billion they poured into the funds a week earlier.

Robert Doll has been named portfolio manager of Nuveen Santa Barbara Long/Short Equity Fund, according to a regulatory filing.

The Depository Trust & Clearing Corporation has added new capabilities to one of its payment systems.

Time for a role call at BlackRock, which announced changes to its executive ranks today.

Blue Bell, PA-based wealth management shop Persimmon Capital Management has launched its first mutual fund, Persimmon Long/Short Fund (LSEAX), a multi-advisor mutual fund that employs long/short equity strategies. The fund started trading with $25 million of assets under management.

The US mutual fund industry is set to surpass $15 trillion in assets in February (open- and closed-end funds, and including exchange-traded funds), according to data from Strategic Insight.

Legg Mason Inc. (LM) named interim chief executive officer Joseph A. Sullivan as CEO, ending a five-month search for a leader to reverse five years of client redemptions and calm restive fund affiliates, according to a person familiar with the matter.

Expect drastic changes in the fund industry over the next half decade, says a new research report. 

Ari’s Next Move

Expect drastic changes in the fund industry over the next half decade, says a new research report. 

The old adage of ‘happy wife, happy life,” is ringing louder for Scott Simon, a managing director at Pacific Investment Management Co. who heads mortgage- and asset- backed securities investing.

MIAMI - Smartphone shipments began to outpace personal computer shipments in 2011. Now, more than 50 percent of mobile phone users are smartphone users.

Omaha, NE-based Tributary Capital Management is reshuffling its investment team on the heels of an impending resignation.

American poitics have entered an “era of bad will,’’ said former White House press secretary Ari Fleischer. Nothing will happen of note on the federal budget until after the next Congressional elections, he forecast.