Mutual funds

Putnam Investments is looking help shorten the learning curve for advisors when it comes to social media.

INDIANAPOLIS-The husband and wife team had lots of experience. They had worked at large mutual fund shops, then struck out on their own.

The total assets held by money market mutual funds slipped to $2.568 trillion, falling by $10.3 billion, for the week ended Sept. 19, according to data from the Investment Company Institute.

As interest rates look to remain low for the foreseeable future, investors are searching for income, and rediscovering an old instrument: closed end funds. But why so much enthusiasm now?

The investment fund industry in Asia is nascent.

Earlier this year, Deborah Fuhr, who formerly served as Global Head of ETF Research and Implementation Strategy at BlackRock and Barclays Global Investors, and co-founders Shane Kelly and Matthew Murray started London-based research company ETFGI.

INDIANAPOLIS-The husband and wife team had lots of experience. They had worked at large mutual fund shops, then struck out on their own.

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.

CLS Investments, a third party money manager, has promoted Todd Clarke to the position of chief executive officer.

A group of eight competing alternative mutual funds have once again come together to launch a six-city tour that will gather advisors for discussions of alternative strategies and tips on how to build an alternative fund portfolio.

Charles Schwab is looking to make a statement in the exchange-traded fund space, even if its CEO Walt Bettinger wants to downplay the significance of the move.

The total assets held by money market mutual funds slipped to $2.568 trillion, falling by $10.3 billion, for the week ended Sept. 19, according to data from the Investment Company Institute.

The $1.7 billion Strategic Advisers Emerging Markets Fund has hired Acadian Asset Management as a new sub-adviser to the fund alongside Pyramis Global Advisors, according to a Securities and Exchange Commission filing.

Gabelli Adds Hedge Fund Vet to Alt Unit

Cynthia Egan, head of retirement plan services at T. Rowe Price, is retiring on December 31.

Pewaukee, WI-based Capital Innovations is currently prepping a fund that will bet on timber and farm-related, the Journal Sentinel reports.

Broadridge Financial Solutions has launched Broadridge Fluent, a new service that aims to significantly improve communications between financial services firms and their customers via marketing, transactional and regulatory communications.

Abigail Johnson, the newly minted president of Fidelity Financial Services, the parent company of mutual fund giant Fidelity Investments, was notched at #27 in the recently published Forbes 400 List of the Richest People in America, leading all other members of the mutual fund world, including a member of her own family.

AllianceBernstein has hired two new executives for its alternative business, which the firm has targeted for expansion.

For the week ended Sept. 12, investors pulled an estimated $2.75 billion from funds that invest long-term in U.S. stocks, marking the eighth consecutive week of outflows.