Mutual funds

Emerging markets shop Mirae Asset Global Investments (USA) is looking to corner the distribution market using the term “Great Consumer” for its funds

AdvisorShares is launching the STAR Global Buy-Write ETF (VEGA), which will begin trading on Sept. 18 on the NYSE’s Archipelago Exchange.

Janus Capital Group is growing its defined contribution investment only unit with addition of Ruben Gonzalez as a retirement director, Money Management Executive has learned.

Baltimore-based T. Rowe Price Group has named a former Fidelity senior official as its new head of global institutional services.

ING U.S.’s Retirement business has hired Jamie Ohl as president of Tax-Exempt Markets for the company’s institutional retirement operations.

Thomas McDonnell, the long-time chief executive of beleaguered financial services software company DST Systems, is retiring from the company at the end of this year.

Long-term mutual funds took in $3.11 billion for the week ended Sept. 5, according to the Investment Company Institute.

ETF managed portfolios—those that typically have more than 50% of portfolio assets invested in ETFs—are one of the fastest-growing segments of the managed account sector, according to a newly released Morningstar report.

Third Avenue Management has named David Resnick as president and a member of its investment team.

Long-term mutual funds took in $3.11 billion for the week ended Wednesday, September 5, according to the Investment Company Institute.

The Securities and Exchange Commission has named Andrew Bowden as Deputy Director of the agency’s Office of Compliance Inspections and Examinations (OCIE).

BlackRock’s (BLK) iShares—the largest exchange-traded fund issuer in the world—will add another arrow to its quiver on Thursday when it launches a new ETF that will track an index of 20 of the world’s riskiest markets.

Neuberger Berman Group has launched the Neuberger Berman Risk Balanced Commodity Strategy Fund (NRBAX, NRBCX, NRBIX), an active, diversified commodity investment strategy that includes exposure across 25-30 commodities across six industry sectors.

Fund administrator Gemini Fund Services has new leadership in place, new headquarters in New York, and is making strides in the alternative mutual fund and exchange-traded fund arenas.

Investment data provider MoneyMate has hired Jason Schwarz as senior vice president of North American Sales, responsible for expanding upon the existing client base within North America.

Theresa Hamacher was named to her current position as president of NICSA (the National Investment Company Service Association) in March 2008.

State Street Global Advisors has appointed Greg Ehret to a newly created position as global chief operating officer.

U.S. exchange-traded fund assets totaled $1.2 trillion as of August 31 – up 16.6% year-to-date, according to State Street Global Advisors’ ETF Snapshot.

The Triex Tactical Long/Short Fund, a separate series of the Northern Lights Fund Trust, is shutting down on September 27.

Deutsche Bank today unveiled its growth strategy for the next three years and beyond for its U.S. mutual funds unit and other businesses.