Mutual funds

Treasury Secretary Timothy F. Geithner put pressure on the U.S. Securities and Exchange Commission to tighten oversight of the $2.6 trillion money- market fund industry, saying the funds may pose a risk to the stability of the financial system.

The Fidelity Spartan 500 Index fund's “seasoned team” and “competitive price” has made it a “top option” in the eyes of Morningstar.

SEC member Daniel Gallagher, who helped derail efforts to tighten rules for money market mutual funds, said he would likely support a measure forcing the industry to abandon its marquee $1 share price.

OppenheimerFunds, which introduced its first Class I mutual fund shares in December 2011, has expanded its I Shares product lineup.

Three months after hiring Mark Howard-Johnson as the Global Head of Real Estate Securities Management, BlackRock today unveiled the first of many real estate funds to be managed by Howard-Johnson’s new unit.

Altegris has expanded its sales team of with the addition of Valentina Glaviano as Director of Distribution Strategy, a newly created position.

Mutual fund shareholders are paying their managers less today in fees than they were 20 years ago or even last year.

London-based ETFGI has added Feargal Dempsey as a partner and Legal Counsel.

Exchange-traded funds added $22.36 billion in August, driving total ETF assets to $1.215 trillion.

Huntington Asset Services is trumpeting the growth of its Valued Advisers Trust, its second series trust, which recently reached assets under management of $500 million.

Palmer Square Capital Management today officially revealed the hiring of Emily Colella as a managing director, responsible for business development.

The $290 million Janus Global Research Fund is merging into the $1.9 billion Janus Worldwide Fund $1.9 billion in January

For the week ended Sept. 19, investors yanked an estimated $4.8 billion from U.S. stock mutual funds, almost twice the $2.67 billion they withdrew a week earlier.

Altegris is betting that advisors and investors want fixed income exposure on both the long and short side via its latest offering, the Altegris Fixed Income Long Short Fund.

Pacific Investment Management Co.is opening up its Pimco EqS Long/Short Fund (PMHIX) to include bets on REITs

Northern Trust has launched the Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) to bet on infrastructure companies listed on a domestic or foreign exchanges, including emerging and frontier markets.

Mutual fund shareholders are paying their managers less today in fees than they were 20 years ago or even last year.

Cornerstone Capital Management, which currently serves as investment adviser to the Keystone Large Cap Growth Fund has entered into an agreement to sell the fund to New York Life Investment Management

Jeffrey Gundlach, the chief executive officer of DoubleLine Capital whose home was burglarized earlier this month, has offered some $1.7 million for information leading to the recovery of stolen artwork.

The 361 Absolute Alpha Fund has lowered its management fee from 165 basis points to 125 bps, effective Oct. 1