Mutual funds

Hatteras Funds has promoted Robert Murphy chief investment officer of the Hatteras Alternative Mutual Funds.

Index funds are “just slightly underperforming” their benchmarks because of their small expenses, according to a Lipper report.

Nasdaq OMX Group said it plans to launch 150,000 indexes by the end of next year. The firm will raise redefine 'real-time" to feature tick by tick updating of index values

Columbia Management is planning to further expand into the actively managed ETF space with 17 new ETFs.

The Securities and Exchange Board of India is preparing to take a number of steps to reenergize the mutual fund industry in India.

Principal Funds has rolled out the Principal Opportunistic Municipal Fund, which can invest across a broad range of credit qualities, durations and geographic exposures.

Municipal debt funds stayed on track for the 18th consecutive week of net inflows, this time for $0.9 billion.

SS&C has consolidated its fund administration and Portia portfolio investment accounting system businesses in a single business unit renamed SS&C GlobeOp.

The Securities and Exchange Board of India met yesterday and took a number of steps to reenergize the mutual fund industry in India.

Assets of institutional money market funds increased by $13.17B in the last week, the third largest inflow of institutional money since the end of March.

Closed-end fund assets increased $1.61B during Q2. Equity fund assets decreased by $1.5B to $96.21B, and bond fund assets increased by $3.11B to $153.39B.

The world’s largest asset manager will use software from Hewlett-Packard to speed development of applications for Aladdin, its investment management platform.

Individual investors like what they see in long-term muni bond mutual funds and so have been pouring more money into them in 2012 than they have in years.

Defined contribution plan sponsors need to do a better job communicating key information to participants, according to a survey of plan participants.

Henry Blodget, former cheerleader for the dot-come bubble, names the big fund managers that got taken to the cleaners with the Facebook IPO.

The stock fund exit stampede continued last week, but at a slower pace. Investors withdrew $3.56 billion the week ended Aug. 8, down significantly from $5.65 billion the previous week.

Individual investors like what they see in long-term muni bond mutual funds and so have been pouring more money into them in 2012 than they have in years.

Investors poured $7.2 billion into bond funds last week, while pulling $3.6 billion from funds that invest in U.S. stocks.

Victory Capital Management has selected Citi Transaction Services for a range of middle office outsourced services.

Newfleet Asset Management has named Frank Ossino a senior portfolio manager of the Virtus Senior Floating Rate Fund.