Mutual funds

Bruce Bent II, president of the failed $62.5 billion Reserve Primary money-market fund, was found liable for one claim that he negligently violated a securities law while his father was absolved of any liability in a lawsuit brought by the U.S. Securities and Exchange Commission.

New research by the Center for Applied Research, a think tank affiliate of State Street Corporation, is bound to leave a few advisors scratching their heads.

Parametric Portfolio Associates, a Seattle-based subsidiary of Eaton Vance Corp., has agreed to acquire the business of The Clifton Group Investment Management Company, a Minneapolis-based provider of futures- and options-based overlay services and custom risk management products to institutional investors.

Charles Schwab has launched a new site for exchange-traded fund retail investors dubbed the ETF Education Exchange, which aims to “close the knowledge gap in ETFs by aggregating educational content, research and market insights from ETF industry leaders”.

ING U.S.’s Retirement business has hired Sam Ghazaleh as head of Investor Channel Sales for its Individual Retirement Markets, the company’s retail business that provides personal retirement, investment and income guidance and product solutions to pre-retirees, retirees and the rollover markets.

Municipal bond mutual funds saw heavy inflows, rebounding with authority from their first week of outflows in more than six months.

Halloween offered a nice treat for the exchange-traded fund industry.

WASHINGTON — The Financial Stability Oversight Council will meet Nov. 13 to consider reform to money market mutual funds, the Treasury Department said Thursday.

A circuit court judge in Virginia dismissed a suit that charged BNY Mellon with overcharging the state’s pension fund for foreign exchange transactions. The dismissal came after the Virginia Retirement Systems announced a renewal of a services contract with BNY Mellon.

Another seemingly ho-hum Friday just got a lot more interesting in the mutual fund world.

Whitebox Advisors today unveiled its second alternative mutual fund to the retail market.

Aberdeen Asset Management has launched the Aberdeen Emerging Markets Debt Fund (AKFAX) in response to continued growing investor interest in the emerging market debt asset class.

One commodity fund has received the dreaded Negative rating from Morningstar.

Total money market mutual fund assets increased by $31.24 billion to $2.578 trillion for the week ended Wednesday, November 7, according to data from the Investment Company Institute.

Defined contribution plan participants for the most part seem largely unaffected by updated fee disclosure requirements.

WisdomTree Investments has dodged a legal bullet.

Retirement accounts and contributions are growing bigger, according to Fidelity Investments.

Nottingham, an investment administration firm providing turnkey accounting and portfolio record keeping services for hedge funds and mutual funds, has added 10 r new mutual funds from three fund families to its platform.

Broadridge Financial Solutions has made two executive appointments to fill out its management team.

Total estimated outflows from long-term mutual funds were $488 million for the week ended Wednesday, October 31, according to data from the Investment Company Institute.