Mutual funds

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.

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 Financial Industry Regulatory Authority has ordered Pruco Securities, a securities broker-dealer owned by Prudential Financial, to pay more than $10.7 million to customers who placed mutual fund orders via facsimile or mail and received an inferior price for their shares.

Base salaries for hedge fund and mutual fund managers are projected to increase 3.5% and incentive pay is projected to rise by 0-10% from 2011 to 2012, according to a new study from Greenwich Associates and Johnson Associates.

State Street Global Advisors is currently prepping three new exchange-traded funds to add to its lineup.

Defined contribution plan sponsors were hit with a number of initiatives this year including fulfilling the Department of Labor’s fee requirements and weighing the pros and cons of retirement income products.

Eagle Asset Management today announced that it has completed the purchase of a 45% ownership stake in San Diego-based ClariVest Asset Management.

Goldman Sachs Asset Management is currently prepping an alternative mutual multi-manager fund to launch in 2013.

So what are three elements that are going to shape the mutual fund landscape in 2013? The answer lies in regulation, exchange-traded funds and operational outsourcing, according to a report from Deloitte.

Aston Asset Management has fired Todd-Veredus Asset Management, the subadvisor to two of the firm's small-cap funds, Morningstar reports.

Two Roads Shared Trust last week revealed in a Securities and Exchange Commission filing what it alluded to in a press release earlier this month.