Mutual funds

Et tu, Ned Johnson?

Principal Funds is expanding its sales team with a new position.

During the first full week of fund flows for the new year, investors pumped in $34.2 billion into mutual funds, according to data from Lipper.

Net Inflows among tax-exempt money market funds were $6.18 billion in the week ended Jan. 7, according to The Money Fund Report, a service of iMoneyNet.com.

International fund of hedge funds Grosvenor Capital Management is taking a stab at the mutual fund space with…an alternative fund of funds.

Virtus Investment Partners is buying a 24% stake in Kleinwort Benson Investors International, Ltd., a wholly-owned subsidiary of Kleinwort Benson Investors, which provides specialized equity strategies primarily to institutional investors.

One day after Goldman announced that it was publishing daily “shadow values” of its money funds, J.P. Morgan Funds and BlackRock are also planning to publish net asset values for their own money funds.

The Vanguard Group today is following through with its plans to switch six international stock index funds to FTSE benchmarks by transitioning its Vanguard Emerging Markets Stock Index Fund, which previously tracked the MSCI Emerging Markets Index, to the FTSE Emerging Transition Index, effective immediately.

What better way to celebrate stunning growth in assets under management than with another new fund?

Goldman Sachs Asset Management is currently prepping a master limited partnership fund to launch within the next few months

For the week ended Jan. 2, 2013, investors pulled an estimated $6.44 billion from funds that invest in long-term instruments, the second largest outflow in 2012.

Scott Cooley, chief financial officer at Morningstar will resign from his post this year but the company expects him to remain in his role until it names a replacement.

Goldman Sachs Asset Management is currently prepping a master limited partnership fund to launch within the next few months.

Palmer Square Capital Management is bringing another asset management shop into its fold.

Goldman Sachs said it will begin publishing values of the assets held in its money market mutual funds in the United States on a daily basis. The first funds for which the daily market values will be published are funds that invest in commercial paper.

DoubleLine Capital LP announced more investment professional hires just days ago, but don't expect that to be the only hiring the Los Angeles firm's got in the works.

Jeffrey Gundlach is starting his New Year the way he ended 2012.

Cerulli Associate's got the formula for asset managers to attract advisers. The elements? Strong client service, useful website and a recognizable brand.

Mario Gabelli is starting 2013 off on the right track.

Cerulli Associate's got the formula for asset managers to attract advisers. The elements? Strong client service, useful website and a recognizable brand.