Mutual funds

WHV Investment Management today announced that Andrew Turner will join the company as president and chief executive officer, replacing Judith Stevens who is retiring next month after more than three decades with WHV.

Emerald Asset Advisors is starting out the New Year with one less fund to worry about.

Southfield, MI-based Advance Capital Management’s Board of Directors today passed a resolution terminating the sub investment advisor relationship with Birmingham, MI-based Seizert Capital Partners.

Parametric Portfolio Associates, a subsidiary of Eaton Vance Corp. (EV), and The Clifton Group Investment Management Company announced today the completion of the previously announced purchase of Clifton by Parametric.

Morningstar today gave props to a few funds that that the research firm said went from worst to first in 2012.

For the week ending Wednesday, December 26, mutual funds and exchange-traded funds reported net inflows of $3 billion, excluding the inflows of $18.2 billion to money market accounts, according to data from Lipper.

Total money market mutual fund assets increased by $28.39 billion to $2.665 trillion for the week ended Wednesday, December 26, according to data from the Investment Company Institute.

Total money market mutual fund assets increased by $28.39 billion to $2.665 trillion for the week ended Wednesday, December 26, according to data from the Investment Company Institute.

Morningstar has reaffirmed or identified 38 funds as Morningstar Medalists, giving out Gold ratings to 17 funds.

Federated Investors is looking to fold a 2-Star rated fund into a 4-Star rated fund.

Mohamed El-Erian, chief executive officer and co-chief investment officer of Pacific Investment Management Company, is adding another title to his business card.

This holiday season has been a mixed bag for TCW Group.

For the week ending Wednesday, December 26, mutual funds and exchange-traded funds reported net inflows of $3 billion, excluding the inflows of $18.2 billion to money market accounts, according to data from Lipper.

Total estimated outflows from long-term mutual funds were $4.49 billion for the week ended Wednesday, December 19, according to data from the Investment Company Institute.

The Investment Company Institute and the U.S. Chamber of Commerce today filed a notice of appeal of a recent ruling by the U.S. District Court for the District of Columbia upholding the Commodity Futures Trading Commission’s rule requiring mutual funds with commodities investments to register with the agency.

Remember the hype surrounding 130/30 funds a few years back? Well, some have gone the way of the dinosaur and some just simply changed their name a la the MainStay 130/30 Core Fund.

TCW Funds is liquidating a pair of 2-Star funds within the next two months.

The TCW Group has added a pair of alternative investment shops and a new head of alternative products to its Christmas stocking this year.

Investors yanked an estimated $3.26 billion from municipal bond funds, giving them a severe black eye and their first weekly outflow this year.

Eaton Vance is closing its Eaton Vance Atlanta Capital SMID-Cap to new investors on January 15, 2013, according to a Securities and Exchange Commission filing.