Mutual funds

Abigail Johnson, the president of Fidelity Financial Services, the parent company of mutual fund giant Fidelity Investments, is on a roll.

In spite of all the worries about investor sentiment amidst a sluggish recovery, assets in mutual funds and ETFs both hit record highs in August, with $8.8 trillion and $1.2 trillion, respectively., according to Cerulli.

Total money market mutual fund assets dropped by $11.64 billion to $2.564 trillion for the week ended Wednesday, October 3, according to the Investment Company Institute.

The Long Short Interest Rate Strategy Fund is getting a new facelift.

Discounted mutual fund investing platform provider SaveDaily is now offering open-end mutual fund and exchange-traded fund data from Morningstar.

Multi-manager shop Virtus Investment Partners has unveiled a new manager, Newfound Investments, which will expand Virtus' offerings to include rules-based strategies to manage a variety of asset classes.

Exchange-traded funds may be “here to stay” but the need for education continues, according to the 2012 ETF Investor Study by Charles Schwab.

SEC member Dan Gallagher said Thursday “we’re going to see’’ whether there is now a majority of commissioners ready to vote in favor of a floating net asset value for shares of money market mutual funds.

iShares has launched the first ETF to offer exposure to global AAA- and AA-rated government bonds.

Touchstone Investments has hired BNY Mellon as its accounting and administration, transfer agency and blue sky service provider for four additional Touchstone funds.

Investors have stepped up their flight from mutual funds that invest in stocks.

PIMCO is currentlly crossing the T’s and dotting the I’s on its latest offering, the PIMCO Mortgage Opportunities Fund.

Three ING funds are bidding their subadvisor, Tradewinds Global Investors, adieu.

Federated Investors is looking to take its fixed income prowess across the pond with the help of Bury Street Capital, a London-based investment marketing and distribution firm whose clients include leading global pension funds and wealth managers throughout Europe.

Mutual fund executive John Mattera, of Fort Lauderdale, Fla., pleaded guilty this week to three criminal counts, including conspiracy, securities fraud and wire fraud, in connection to an $11 million scam involving the sale of non-existent private shares in companies such as Facebook (FB) and Groupon (GRPN).

Teton Advisors (TETAA) has renamed its group of funds that it has advised since it was spun off from GAMCO Investors—Mario Gabelli’s fund group—in March 2009.

"Inventions have long since reached their limit, and I see no hope for further developments," Julius Sextus Frontinus, Roman engineer, 10 A.D.

UMB Fund Services has launched a transfer agency service dubbed Alternative Investment Communication Engine for it growing number of registered hedge fund clients and potential clients.

Vanguard's Gus Sauter is finishing up a quarter century with the giant investment company. In those years, he has been a big part of market structure changes. In the first part of a multiple part Q&A, Sauter explains how he views those changes.

Pyxis Capital has hired Keith Watts as Head of National Sales.