Mutual funds

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

Lynette DeWitt, former Research Director - Financial Product Development, Marketing, & Distribution, at Boston Financial Data Services, has left the firm.

Traditional mutual funds may have recovered the ground they lost in the market turmoil of 2008, but even so, investors are not convinced that active management gives the best bang for their buck.

The U.S. Department of Labor's new regulations on 401(k) fee disclosures will serve as a wake-up call to plan sponsors and participants alike, once they stop hitting the snooze alarm, that is.

The husband and wife team had lots of experience. They had worked at large mutual fund shops, then struck out on their own .They got to $20 million in assets, mostly from friends and family. Then, he died.

Federated, which bought more than $4 billion in money fund assets from Fifth Third earlier this month, has folded some $929 million in assets of Performance Funds Trust into its portfolio.

Federated Investors is on a roll.

Global X Funds, the New York-based provider of exchange-traded funds is liquidating four funds next month.

WisdomTree is betting that its latest exchange-traded fund, WisdomTree China Dividend ex-Financials ETF (CHXF), will satisfy investors’ appetite for Chinese dividend-paying stocks outside of the financial sector.

No, not that Bush.

RBC Global Asset Management has added Tom Heflin and Christina Cryer to further drive the expansion of the firm’s distribution team.