Mutual funds

Sy Sacks is on a crusade.

Mirae Asset Global Investments has appointed Howard Atkinson as the Global Head of ETF Sales and Marketing. Atkinson is currently the president of Horizons ETFs Management (Canada) Inc., a subsidiary of MAGI.

On July 30, 2012, Investment consulting shop Segal Rogerscasey today unveiled a new website, which hosts merged and updated content from the legacy firms (Segal Advisors acquired the business of Rogerscasey earlier this year).

On July 30, 2012, Consulting shop Callan Associates is making its Callan Target Date Index publicly available to defined contribution plan sponsors, target date managers and plan participants via an interactive tool, which evaluates how their target date fund performed against all others in the glidepath universe.

On July 30, 2012, Fort Lauderdale, Fl.-based Hansberger Global Investors, Inc. has pulled the plug on its Emerging Markets Fund, according to a Securities and Exchange Commission filing.

The combined assets of the nation’s mutual funds increased by $208.5 billion, or 1.7%, to $12.171 trillion in June, according to data from the Investment Company Institute.

On July 30, 2012,Chicago-based RiverNorth Capital Management is prepping the launch of another open-end mutual fund, the Dynamic Buy-Write Fund.

In a review of the mutual fund and ETF market, Cerulli gave a few reasons for the value funds reaching these heights, but also cited a few caution signs for advisors to note.

On July 30, 2012, The starter's pistol is about to be fired for the swaps industry.

Janus Capital Group Inc. this week reported second quarter net income of $23.4 million, or $0.13 per diluted share, compared with net income of $41.9 million, or $0.23 per diluted share, in the second quarter 2011.

On July 27, 2012, FocusShares, a unit of online discount trading firm Scottrade, has severed ties with its PR firm, MWW Group.

A former AllianceBernstein investment guru is taking a stab at public service.

Joe Barrato is chief executive officer of Arrow Investment Advisors, a developer and distributor of mutual funds that are built around "targeted" levels of risk.

Perhaps it was only a matter of time before Morningstar decided to put its stamp of approval, and disapproval, on alternative mutual funds.

Estee lauder’s chief executive officer, Fabrizio Freda, is giving BlackRock, Inc.’s Board of Directors a makeover. Well, sort of.

It seems that the folks at Spectrum Advisory Services Inc., manager of the Marathon Value Portfolio mutual fund (NASDAQ: MVPFX) were victims of malicious hackers who hacked into the third-party host server of the Fund’s website on June 30.

On July 27, 2012, Investors pumped in $6.3 billion into mutual funds and exchange-traded funds for the week ended July 25, according to data from Lipper.

Target-date funds pulled in $13.9 billion in the second quarter despite the nearly 3% loss on average, according to Morningstar.

On July 26, 2012, Target-date funds pulled in $13.9 billion in the second quarter despite the nearly 3% loss on average, according to Morningstar.

Los Angeles-based del Rey Global Investors, LLC, has expanded its sales and marketing groups with the addition of Dean C. Phillips as vice president, National Sales and Marketing, and Dennis McCarthy, vice president, Institutional Sales.