Mutual funds

Securities and Exchange Commission Chairman Mary Schapiro today made the following statement in the aftermath of Hurricane Sandy.

Transamerica has added four mutual funds to its retail lineup today including Transamerica Tactical Allocation, Transamerica Tactical Rotation, Transamerica Income & Growth, and Transamerica Enhanced Muni.

With liquidity still in short supply in equities and exchange-traded funds after the reopening of markets Wednesday, NASDAQ cancelled all trades in the first two minutes of activity in the Vanguard S&P 500 Growth ETF (VOOG).

Waddell & Reed Financial’s net income plunged in the third quarter due to losses from the sale of its Legend group of subsidiaries to First Allied Holdings.

Great-West Financial today reported that its Great-West Lifetime Funds grew 97% to $3.2 billion for the year ended September 30, 2012, compared to the same period a year ago.

Affiliated Managers Group, which bets on boutique investment management firms today reported third quarter earnings of $101.2 million, compared to $82.1 million for the same period of 2011.

Altegris Advisors has added the Brevan Howard Emerging Markets Local Fixed Income strategy to the Altegris Macro Strategy Fund (MCRAX, MCRNX, MCRCX, MCRIX).

Look for changes in Artio Global Investors leadership, with Richard Pell stepping down as chairman and chief executive officer tomorrow.

The longest weather-related U.S. trading suspension in 124 years has left money managers with one day instead of three to adjust their holdings before the fiscal year ends for more than 20 percent of them.

The longest weather-related U.S. trading suspension in 124 years has left money managers with one day instead of three to adjust their holdings before the fiscal year ends for more than 20 percent of them.

What's key to driving distribution and, thus, business results? Apply non-traditional metrics to sales force compensation, says a new FUSE Research Network study.

NYSE Euronext, Nasdaq OMX Group, Direct Edge and BATS Global Markets all confirmed Tuesday afternoon they will re-launch their exchanges on Wednesday, October 31. Trading will start at 9:30 a.m.

Neil Bathon, founder of Fuse Research Network, has big plans for the research shop.

Eaton Vance Corp. has hired away an executive vice president from LPL Financial.

The NYSE Euronext and NASDAQ Stock Market remains closed for the second day in a row as Hurricane Sandy makes landfall along the Northeast and Mid-Atlantic states leaving behind massive power outages and devastation in its wake.

With tablet and smartphone use on the rise, there is no shortage of finance applications for such devices.

In real estate, the three keys are location, location and location. But in the case of Charles Schwab's latest ETF Investor Snapshot, the keys are real estate and more real estate.

Hennessy Advisors has completed its buy of FBR Funds today as planned. The acquisition brings the Novato-Calif.-based company's total AUM to $3.1 billion.

Flows into target maturity funds have remained strong with nearly $12 billion flowing into the category during the third quarter, according to data from Morningstar.

Last week, the Board of Trustees of AIM Sector Funds voted to revamp the Invesco Utilities Fund’s mandate, subject to the approval of the fund’s shareholders at a special meeting to be held in February 2013.