Mutual funds

U.S. stock and options markets closed today, the first unscheduled, market-wide shutdown since September 2001, and may remain closed Tuesday, the Wall Street Journal reports.

Wells Fargo Advisors Financial Network has added four practices.

Huntington Funds is on a roll.

By almost any measure, trust in financial services firms have fallen to new lows or close to them.

A delegation of fund firms, including BlackRock and Fidelity Investments, who are meeting with the Securities and Exchange Commission and Treasury Department officials today to discuss proposals for a potential compromise on money market fund reforms.

Legg Mason has filed an application with the Securities and Exchange Commission for an exemption order for two equity and one fixed income offering via an ETF Trust.

Goldman Sachs is calling it quits in Brazil, Korea and India.

Since Hatteras Funds acquired the Alpha Hedged Strategies Fund in 2009 from AIP Mutual Funds, the fund family has grown to $700 million in assets under management.

Money Management Executive, in conjunction with co-sponsor NICSA, presented the 2012 NOVA Awards on Oct. 18 at NICSA's General Membership Meeting in Boston.

Forward Funds is giving its multi-strategy fund a facelift.

Pacific Investment Management Co. has shuttered a European money market fund, citing low interest rates, Dow Jones Newswires reports.

State Street Global Advisors has launched the SPDR S&P 1500 Value Tilt ETF (VLU) and the SPDR S&P 1500 Momentum Tilt ETF (MMTM), which began trading on the NYSE Arca yesterday.

Total money market mutual fund assets increased by $940 million to $2.569 trillion for the week ended Wednesday, according to data from the Investment Company Institute.

Terri Labrecque has been named head of marketing for BNY Mellon’s Asset Servicing business, Money Management Executive has learned.

Total money market mutual fund assets increased by $940 million to $2.569 trillion for the week ended Wednesday, October 24, according to data from the Investment Company Institute.

It turns out that Jasen Snelling, the Cincinnati man who was sentenced Tuesday to 131 months in prison for running a Ponzi scheme, also ran a ‘successful” mutual fund back in the day.

This week, four funds earned Morningstar’s highest Gold ratings.

The Mutual Fund Education Alliance yesterday unveiled the winners of the 2012 STAR Awards for excellence in mutual fund marketing and communications at the Fairmont Chicago Millennium Park.

3D Asset Management today officially unveiled Vincent Leon as vice president and National Sales Manager overseeing all sales, marketing, and distribution for its Intermediary and Retirement channels.

Mutual funds saw inflows of $7.95 billion for the week ended Wednesday, October 17, according to the Investment Company Institute.