Mutual funds

Schooner Investment Group, the investment adviser to the Schooner Global Absolute Return Fund, is liquidating the alternative mutual fund on March 13, according to a regulatory filing.

The SEC mandated a series of money market mutual fund reforms in 2010. Then, Mary Schapiro pushed for more reform in her last two years in office. Now, the Financial Stability Oversight Council has taken up the light sabre. But don’t worry, says Tim Johnson, partner in the Financial Industry Group at Reed Smith, a fund industry law firm.

First Trust Advisors has launched a new actively managed exchange-traded fund to bet on preferred securities and income-producing debt securities, including corporate bonds, high-yield securities and convertible securities.

Target-date funds have an “implicit guarantee” to deliver a particular return by a particular time. Are the funds being marketed responsibly?

The time to help a customer understand the risk in a set of holdings is before a shock hits the market. Here’s how.

Market Vectors has launched the Market Vectors BDC Income ETF.

PIMCO today is launching the PIMCO Foreign Currency Strategy Exchange Traded Fund (FORX) to bet on fundamental changes in global currency markets.

Who's got the best mutual fund family of 2012? A family that pretty much flamed out in 2011.

After less than a year of striking out on its own, Pyxis Capital is right back to where it started.

Veteran portfolio manager Jeffrey Knight, who recently left Putnam Investments, has turned up at Columbia Management as Head of Global Asset Allocation.

Karl Dasher, Head of Fixed Income at Schroders, will inherit the role of chief executive officer, North America on July 1, 2013 from Jamie Dorrien-Smith, who will retire from the firm.

The Net Asset Value of … Stocks

With the rise of omnibus accounting, the details of trades and positions can get buried. The ‘next frontier’: Determining how much to disclose to funds and their boards and how to disclose it.

Who's got the best mutual fund family of 2012?

Fund distributors are seeing the ‘best flows in years,’’ according to Sandy Motusesky, director of investment solutions at Pershing.

Forward Management has added two investment analysts to their global healthcare investment team. 

Vanguard Group’s chief executive, Bill McNabb, twice has taken to the keyboard to respond to customers on Twitter and Facebook.

You can train people in your organization to think about you in the way you want, if you define yourself in three adjectives and consistently back it up, said Carla Harris of Morgan Stanley Investment Management at NICSAyou can train people to think about you the wayyou want people to think about you.

The fund services unit of Citigroup said it will begin testing a custody program that it says will shave a day off the time it takes to settle trades or process notices of corporate actions.

Money market mutual fund assets dropped by $3.67 billion to $2.691 trillion for the week ended Wednesday, February 6, according to the Investment Company Institute.