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On July 24, 2012, The Board of Trustees of Direxion Funds is liquidating the Direxion HY Bear Fund based on the recommendation of the funds investment adviser, Rafferty Asset Management, LLC, according to a Securities and Exchange Commission filing.
July 24 -
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.
July 24 -
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.
July 24 -
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.
July 24 -
BNP Paribas Securities Services is not well known for handling custody of fund assets in either Mongolia or the United States.
July 24 -
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.
July 23 -
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.
July 23 -
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.
July 23 -
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).
July 23 -
On July 23, 2012, Paul Schott Stevens has been president and chief executive of the Investment Company Institute since 2004.
July 23 -
EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY is closing the the PIMCO Commodity Real Return Strategy to new investors, effective today, according to a Securities and Exchange filing.
July 20 -
United Technologies Company last month took the plunge into providing its employees a steady stream of retirement income.
July 20 -
TCW Funds, Inc. is liquidating the TCW Emerging Markets Equities Fund on August 31, according to a Securities and Exchange filing.
July 20 -
On July 20, 2012, Northern Trust has hired Jeff Kearny to lead new business development for asset servicing the West Coast and in the Mountain states, including corporations, public pension funds, insurance companies and not-for-profit institutions.
July 20 -
ON July 20, 2012, Target-date fund providers are taking two steps forward and three steps back, according to a new report by BrightScope, dubbed Popping The Hood V, 2012.
July 20 -
On July 20, 2012, Alternative mutual fund Forward is now one of the portfolio strategists on the investment platform of Genworth Financial Wealth Management, Inc., where it will introduce its new multi-asset income product to advisors.
July 20 -
BlackRock has a new real estate offering in the works, dubbed the BlackRock US Real Estate Securities Strategy Fund, according to a Securities and Exchange Commission filing.
July 20 -
$12B Pulled Out of Money Funds by Institutions. Industry Shrinks by One-Third
July 19
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On July 19, 2012, BlackRock has a new real estate offering in the works, dubbed the BlackRock US Real Estate Securities Strategy Fund, according to a Securities and Exchange Commission filing.
July 19 -
NY Fed Staff Backs Limit on Money Fund Withdrawals. ICI Opposed.
July 19
