Mutual funds

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.

Newly appointed Securities and Exchange Commission Chairman Elisse Walter this week unveiled the agency’s General Counsel in the form of Geoffre Aronow, who will begin his new role later this month.

Another Russell Investments executive has joined BMO Financial Group.

Nuveen Asset Management’s newly minted Chief Equity Strategist Robert Doll today unveiled his 10 predictions for markets in 2013.

Man Group Plc’s (EMG) GLG hedge-fund division hired a Pacific Investment Management Co. trader and a senior adviser at the World Bank as it expands products focused on bonds, emerging markets and macro-economic trends.

Chicago-based Driehaus Capital Management is looking to add another alternative mutual fund to its lineup within the next few months.

Happy times for global exchange traded products has spelled happy times for BlackRock, Inc.

ING, which agreed to an extension of its restructuring terms with the European Commission, is looking to reduce its costs even further this year.

Pioneer Investments has added two new hires to its U.S. institutional team.

The Evercore Wealth Management Macro Opportunity Fund, a diversified mutual fund offering, is closing after just a little more than a year on the circuit.

Envision Financial Systems, Inc., has improved its mutual fund subaccounting system for broker/dealers with a new update.