Mutual funds

On July 16, 2012, Northern Trust has appointed Carl R. Tannenbaum as its chief economist, succeeding Paul Kasriel, who retired from Northern Trust earlier this year.

On July 16, 2012, Philadelpia-based Lincoln Financial Distributors, the wholesale distribution subsidiary of Lincoln Financial Group, has added Chris Somers as a regional sales director for its Institutional Retirement Solutions Distribution team.

On Ju;y 16, 2012, Huntington Asset Advisors is launching Huntington Income Generation, an income-focused fund of funds, later this summer, according to Randy Bateman, President of Huntington Asset Advisors, Inc.

MFS Investment Management has filed paperwork with the SEC to launch a pair of mutual funds in September.

Boston-based Fred Alger Management is reopening the Alger Small Cap Growth (ALSAX) and Alger Small Cap Growth Institutional (ALSRX) to new investors starting Aug. 1, according to a filing.

There is a new sheriff in town for the mutual fund industry-and he may need to borrow money for bullets.

It may seem completely crazy to compare the use of social media with sexual harassment.

On July 13, 2012, Oppenheimer & Co. disclosed Wednesday that it named one of its own to assume duties as New York’s institutional sales head.

On July 13, 2012, John Hancock Funds has named Andrew G. Arnott as president and chief executive officer, succeeding Keith F. Hartstein, who is retiring.

Franklin Resources has named Norm Boersma as chief investment officer of Templeton Global Equity Group, replacing Gary Motyl, who passed away last month, reports Morningstar.

ON July 13, 2012, Boston-based Fred Alger Management is reopening the Alger Small Cap Growth (ALSAX) and Alger Small Cap Growth Institutional (ALSRX) to new investors starting Aug. 1, according to a filing.

On July 13, 2012, MFS Investment Management has filed paperwork with the Securities and Exchange Commission to launch a pair of mutual funds in September.

On July 12, 2012, DoubleLine Capital LP’s $28 billion Total Return Bond Fund has experienced the most inflows among U.S. mutual funds this year through June, Bloomberg reports, citing data from Morningstar.

The Board of Trustees of the Newgate Global Resources Fund has decided to liquidate the fund, effective as of July 31, according to a Securities and Exchange filing.

Ernst & Young LLP has appointed Julie Canty and Carlos A. Schmidt as partners in the firm’s Asset Management Tax practice.

Charles Schwab Investment Management, Inc. has launched the Laudus Mondrian Global Fixed Income Fund (LMGDX) to bet on developed, U.S., and emerging market bond markets.

Janus Capital Group Inc. has made two institutional appointments in an effort to grow its institutional client and consultant relationships in the U.S.

Fund managers and financial advisors are looking to the cloud to reduce costs, enhance performance, and improve accessibility.

For the week ended July 3, investors steered an estimated $1.68 billion into long-term mutual funds, about half the amount they invested a week earlier, according to the Investment Company Institute.

Hatteras Funds this week launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund, which made its debut on the flat-fee variable annuity platform of Jefferson National last month and will bet on “multiple” hedge fund managers.