Mutual funds

On July 26, 2012, BlackRock Inc., Fidelity Investments and Vanguard Group Inc., firms that collectively manage more than $7 trillion, are gauging how their clients have been hurt by Libor manipulation and whether to take legal action as at least a dozen banks are being investigated for rate-rigging.

Scottsdale, AZ-based Longboard Asset Management has launched the Longboard Managed Futures Strategy Fund (WAVIX), a trend following offering.

The $99 million inflow reported by the Investment Company Institute for the week ended July 18 does not erase the $11.8 billion pulled out of such funds in the prior six weeks.

United Technologies Companylast month took the plunge into providing its employees a steady stream of retirement income.

It was only $99 million, in the week ended July 18, 2012.

Attention fund builders: There’s still time to shine a light on the smartest and most effective mutual fund executives, back office innovators and marketing gurus you know.

On July 25, 2012, Columbus, OH-based Huntington Asset Advisors, Inc. has launched a second actively managed exchange-traded fund, US Equity Rotation Strategy ETF, via its new ETF family, Huntington Strategy Shares. The Huntington EcoLogical Strategy ETF (NYSE Arca: HECO) made its debut last month.

On July 25, 2012, Old Mutual Asset Management, the U.S.-based global asset management business of Old Mutual plc, has named John Harrington as Director of U.S. Consultant Relations, responsible for business development in the consultant channel.

On July 25, 2012, Vanguard has filed a registration statement with the U.S. Securities and Exchange Commission to launch the Vanguard Short-Term Inflation-Protected Securities Index Fund in Q4.

On July 25, 2012, Three days in August 2007 will live forever in algorithmic investing infamy. Numerous quantitatively driven stock funds leapt en masse off a cliff-just like lemmings.

On July 24, 2012, The Board of Trustees of Direxion Funds is liquidating the Direxion HY Bear Fund based on the recommendation of the fund’s investment adviser, Rafferty Asset Management, LLC, according to a Securities and Exchange Commission filing.

On July 24, 2012, Olney, M.D.-based Arrow Investments is looking to add active exchange-traded funds and more alternative mutual funds to its quiver.

On July 24, 2012, Discounted exchange-traded fund provider Vanguard now tops the field of leading ETF providers among advisors in another category: favorable impressions.

On July 24, 2012, Eric J. Bokota has resigned as co-portfolio manager of the FPA International Value Strategy (including the FPA International Value Fund, FPIVX), effective July 23.

BNP Paribas Securities Services is not well known for handling custody of fund assets in either Mongolia or the United States.

On July 23, 2012, Exchange-traded funds have experienced tremendous growth over the past decade but not all of that growth is positive, according to new research from Vanguard.

On July 23, 2012, Huntington Asset Services, Inc., a wholly owned subsidiary of Huntington Bancshares Incorporated, has extended its relationship with the Midas Family of Funds through March 2015.

On July 23, 2012, John Hancock Funds today unveiled a new program and a survey to help retirement plan advisers demonstrate their value and build stronger relationships with their plan sponsor clients.

On July 23, 2012, Raleigh, N.C. – based Hatteras Funds today revealed that it is hosting its own alternative road show, constructed as a series of forums across the U.S. for advisors, home office research teams and consultants to meet the underlying hedge fund managers of the Hatteras alternative mutual funds (Alpha Hedged Strategies Fund, Long/Short Equity Fund, and Long/Short Debt Fund).

On July 23, 2012, Paul Schott Stevens has been president and chief executive of the Investment Company Institute since 2004.