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Asset managers expect alternative mutual funds will comprise of more than 15% of all mutual funds in 10 years.
June 4 -
To advertising executive Ellis Verdi, a clear strong message is everything. That is why he finds Wall Street's silence over the Facebook IPO so frustrating.
June 4 -
Financial services firms and money management executives face an emerging issue that represents both an opportunity and a potential threat: How to leverage extremely large data sets, now termed "big data," to proactively manage risk, improve the customer experience and identify market opportunities.
June 1 -
Investors took $4.92 billion out of mutual funds in the week ended Wednesday, May 23, according to the Investment Company Institute.
June 1 -
On June 1, 2012, its time for you to nominate your colleagues for Money Management Executive's 2012 NOVA Awards to be held at NICSAs General Membership Meeting in Boston in October, 2012.
June 1 -
On June 1, 2012, Wheaton, Ill.-based First Trust Advisors filed paperwork with the Securities and Exchange Commission to launch the First Trust Morningstar Diversified Futures Fund.
June 1 -
On June 1, 2012, Morningstars fund analysts assigned a Gold rating to two funds this week: Yacktman (YACKX) and Litman Gregory Masters Intl Instl (MSILX).
June 1 -
On June 1, 2012, Legg Mason Inc. made an executive decision to remove its name from U.S mutual funds run by its Western Asset Management Co. subadvisor to boost sales to individual investors, Bloomberg reports.
June 1 -
On June 1, 2012, shareholders of the Invesco Commodities Strategy Fund this week approved a merger of the fund into the Invesco Balanced-Risk Commodity Strategy Fund.
June 1 -
On June 1, 2012, Thomson Reuters acquired the mutual fund database business of The Globe and Mail, the Toronto-based newspaper and mutual fund information service provider.
June 1 -
Advisors need to understand when fund management fees are excessive.
June 1 -
On May 31, 2012, Robert B. Kaplan, former co-chief of the Asset Management Unit of the U.S. Securities and Exchange Commissions Division of Enforcement, joined Debevoise & Plimpton LLP as a litigation partner resident in the firms Washington, D.C. office.
May 31 -
On May 31, 2012, Newport Beach, CA-based PIMCO filed paperwork with the Securities and Exchange Commission to launch a new fund, dubbed the Short Asset Investment Fund, to bet on investment grade bonds.
May 31 -
On May 31, 2012, Brentwood, Tenn.-based Compass Efficient Model Portfolios has launched five new equity indexes, which are calculated by Dow Jones Indexes.
May 31 -
On May 31, 2012, Morningstar, Inc. named Thomas Idzorek, chief investment officer of Morningstar Investment Management, to president of Morningstars global Investment Management division.
May 31 -
Fidelity Investments today unveiled its Fidelity Global Bond Fund and Fidelity International Bond Fund, available directly to investors, as well as through financial advisors.
May 31 -
Total estimated outflows from long-term mutual funds were $4.92 billion for the week ended Wednesday, May 23, according to data from the Investment Company Institute.
May 31 -
Hartford Financial Services Group Inc. last September put the brakes on its effort to sell its mutual-fund unit to private equity shop Clayton Dubilier & Rice LLC after banks cut back on lending for leveraged buyouts.
May 31 -
On May 30, 2012, Teucrium Trading, LLC named Steve Kahler, who joined the firm in November 2011, as its chief operating officer.
May 30 -
On May 30, 2012, total estimated outflows from long-term mutual funds were $4.92 billion for the week ended Wednesday, May 23, according to data from the Investment Company Institute.
May 30