Mutual funds

Hartford Mutual Funds has named Jac McLean as head of distribution, a newly created position, responsible for retail sales, institutional sales and key account management.

First Trust Advisors has launched the First Trust Short Duration High Income Fund.

The Financial Stability Oversight Council has extended the comment period for proposed recommendations for money market mutual fund reforms.

Brett Meili recently joined U.S. Bancorp Fund Services as legal counsel to provide support for the organizations’ growing alternative investment products and services.

Jay Nolan has joined RiverNorth Capital Management, LLC as a portfolio specialist to act as a liaison between investors and portfolio managers.

Altegris is looking to add a pair of alternative mutual funds to its portfolio in March.

MainStay Investments has closed its $17.5 billion Large Cap Growth Fund to new investors.

Investors in mutual funds rushed to bond funds in 2012, shunning stock mutual funds.

In today's age of smartphones, 4G speed and an app for just about everything, it's almost impossible to imagine that data, the fund industry's most strategic asset, is largely processed manually into spreadsheets.

If you thought the path to the mutual fund world is a straight line, then you haven't met John Brandmeyer, who transformed a family business from selling medical products to marketing funds.

For alternative mutual funds, 2012 was a mixed bag.

Scout Investments, Inc. today announced that its assets under management surpassed $25 billion earlier this month, compared to 19.7 billion at the end of 2011.

Mutual funds overall may have enjoyed a hot week of flows. But not so for money market mutual funds.

Hennessy Advisors closed out 2013 with a huge ramp up in assets thanks to its acquisition of funds from FBR Funds.

Tax-exempt money market funds gave up two-thirds of the impressive gains they generated last week.

Municipal bond mutual funds recorded a second consecutive week of strong flows, as funds that report their flows weekly saw $1.44 billion in inflows for the week of Jan. 16.

Legg Mason, the money manager best known as home to stockpicker Bill Miller, is folding Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.

So what does a quartet of space ships beaming up a cow and an exploding airbag have to do with investment management?

Look out for a switch in sub-advisers for one Touchstone Investments fund.

Morningstar has launched the Morningstar US Real Asset Index, a diversified portfolio of liquid assets that traditionally provide a hedge against inflation, including Treasury inflation-protected securities, real estate investment trusts, and commodity stocks and futures.