Mutual funds

Total estimated inflows to long-term mutual funds were $6.12 billion for the week ended Wednesday, September 12, according to data from the Investment Company Institute.

Emerging market shop Mirae Asset Global Investments is shelving two funds from its Mirae Asset Discovery Funds trust, according to a Securities and Exchange Commission filing.

Emily Colella has joined Palmer Square Capital Management as a managing director, business development, Money Management Executive has learned.

Hatteras Funds has added Yuri Khalif as Executive Director for the Northeastern region.

Franklin Resources, the parent of Franklin Templeton Investments, has agreed to acquire a majority stake in K2 Advisors Holdings, a fund of hedge funds manager, from private equity shop TA Associates.

Nationwide Funds has launched a new inflation-protected mutual fund, the Nationwide Inflation-Protected Securities Fund (NIFAX/NIFIX), which will primarily bets on U.S. Treasury-issued Inflation Protected Securities.

Palmer Square Capital Management this week added a merger arbitrage manager to its growing stable of alternative funds.

The Alternative Strategies Mutual Fund, a series of Northern Lights Fund Trust II, has bid farewell to a quartet of subadvisors, according to a Securities and Exchange Commission filing.

Emerald Asset Advisors has tapped Trademark Capital Management to manage the EAS Global Cycle Fund (EGCAX, EGCEX, EGCSX), now renamed the EAS Trademark Capital Global Fund.

Orinda Asset Management, an independent, privately-held asset management firm, has launched the Orinda SkyView Macro Opportunities Fund (OMOIX and OMOAX), a multi-manager hedge fund offering.

kasina has released its list of Online Leaders in Asset Management, and two firms from Beantown have come out on top as the choice du jour for advisors.

Nationwide Funds has launched a new inflation-protected mutual fund, the Nationwide Inflation-Protected Securities Fund (NIFAX/NIFIX), which will primarily bets on U.S. Treasury-issued Inflation Protected Securities.

Investors poured $26.4 billion into taxable-bond funds and another $5.6 billion into municipal-bond funds last month, according to data from Morningstar.

When 2008 began, a record $12.0 trillion was held in mutual funds by individuals and institutions. Then came the credit crisis, which erupted exactly four years ago. By the end of 2008, holdings in mutual funds were down to $9.6 trillion, a drop of 20.0%.

When 2008 began, a record $12.0 trillion was held in mutual funds by individuals and institutions.

The Board of Directors of the Valley Forge Fund last month terminated the fund’s investment advisory agreement with Valley Forge Management Corporation, effective as of October 31.

ING U.S., the holding company for ING U.S.'s core Retirement, Investment Management and Insurance businesses, has expanded the roles and responsibilities for some members of its executive team.

Investors poured $26.4 billion into taxable-bond funds and another $5.6 billion into municipal-bond funds last month, according to data from Morningstar.

Pyxis Capital has hired Stephen Dedyo as Head of National Accounts.

Though it is shying away from official confirmation, Fidelity Investments seems to be not-so-secretly building its long-awaited foray into the exchange-traded fund market out West, after hiring a new ETF gunslinger and creating a new division in Denver, Colo.