Mutual funds

Target maturity funds picked up more than $13 billion in the fourth quarter of 2012, bringing the industry’s total assets to some $485 billion, a 29% increase from a year ago, according to data from Ibbotson.

DoubleLine Capital and ALPS Advisors topped Strategic Insight's list of fastest growing mutual fund managers in 2012.

Chicago-based Calamos Asset Management has promoted James Boyne to president and chief operating officer, a position he still holds.

What do to about investors who hate paying ETF trade commissions? Charles Schwab Investment Management's answer: Hit 'em with zero-commission ETFs.

DoubleLine Capital and ALPS Advisors topped Strategic Insight's list of fastest growing mutual fund managers in 2012.

Target maturity funds picked up more than $13 billion in the fourth quarter of 2012, bringing the industry’s total assets to some $485 billion, a 29% increase from a year ago, according to data from Ibbotson.

US exchange-traded funds and exchange-traded products reached a new record high of $1.42 trillion at the end of January 2013, according to figures from ETFGI.

For mutual fund firms, 2013 could be a particularly challenging year.

Fidelity Financial Advisor Solutions, the Defined Contribution Investment Only unit of Fidelity Investments, is looking to grow its team of wholesalers.

Jim O'Neill, chairman of Goldman Sachs Asset Management, will retire later this year. 

Vanguard today said that it is readying the Vanguard Total International Bond Index Fund and its exchange-traded fund shares to launch by the end of the second quarter.

Putnam Investments is launching a marketing campaign aimed at advisor and investors, dubbed, “New Ways of Thinking,” which will officially begin on Monday, February 11, through a series of print, direct marketing, and online advertising.

The Carlyle Group today officially closed the book on its acquisition of The TCW Group, which retained some 40% of the firm on a fully diluted basis.

For the fourth week in row, equity funds gained assets. Of the $8.18 billion, $3.52 billion went into funds that invest in U.S. stocks.

JPMorgan Chase & Co. paid investment bankers and traders about 3% less in 2012 as shaky economies in the U.S. and Europe put a damper on deals, said two people with knowledge of the firm’s compensation.

Henderson Global Investors (North America) has gotten a bit more global.

The Iowa Regents Board, based off of a recent RFI inquiry substantiated by investment consultant Wilshire Associates, is assigned to vote on a money market mutual fund recommendation this week.

Eaton Vance Management has formed a cash management unit and has hired fund executives to help manage its new business.

The global exchange-traded product industry surpassed the $2 trillion mark last month, finishing the month with $40.2 billion of inflows, according to BlackRock’s latest ETP Landscape report.

Citi has snagged a mandate from Forward Management to provide global custody services to support the Forward Funds, a family of traditional and alternative mutual funds with assets of $6 billion.