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Minneapolis-based Leuthold Weeden Capital Managements Board of Directors of the Leuthold Hedged Equity Fund has decided to liquidate the underperforming fund.
May 29 -
Keith Hartstein, president and CEO of John Hancock Funds, will be retiring in September 2012 after 22 years at the firm.
May 29 -
San Francisco-based RS Investments has filed paperwork with the Securities and Exchange Commission to launch the RS Equity Income Fund.
May 29 -
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May 29 -
On May 25, 2012, Virtus replaced Harris investment for Newfleet Asset as subadvisor for the Short/Term Bond fund.
May 25 -
Los Angeles-based Causeway Capital Management LLC has replaced Pzena Investment Management, LLC as subadviser to the Harbor Global Value Fund, effective May 25.
May 25 -
On May 25, 2012, San Francisco-based RS Investments filed paperwork with the Securities and Exchange Commission to launch the RS Equity Income Fund.
May 25 -
On May 25, 2012, the Wall Street Journals reports that Executives from fund giants BlackRock Inc., Vanguard Group Inc., J.P. Morgan Chase& Co. and Invesco Ltd. earlier this month met with Securities and Exchange Commission Chairman Mary Schapiro to talk about money market reforms.
May 25 -
On may 25, 2012, MME learned that Hancock Funds CEO is stepping down in September.
May 25 -
On May 25, 2012, Leuthold revealed that it is shutting down its Hedged Equity Fund.
May 25 -
Vanguard is closing its High-Yield Corporate Fund to most new accounts, effectively immediately.
May 25 -
On May 24, 2012, Vanguard announced it is closing its High-Yield Corporate Fund to most new accounts, effectively immediately.
May 24 -
On May 24, Loomis, Sayles & Company hired Rowland Chip Bankes as its Head of Trading.
May 24 -
On May 24, 2012, iShares coined a new term for ETF users.
May 24 -
On May 24, 2012, Copeland Capital Management hired Erik B. Granade as Head of International Equities.
May 24 -
On May 24, 2012, ICI reports that ETFs lost $6 billion in April.
May 24 -
On May 24, 2012, ICI reports that Total estimated inflows to long-term mutual funds were $3.90 billion for the week ended Wednesday, May 16.
May 24 -
Vanguard is continuing its trend of cutting the legs out from under its competition by eliminating or reducing fees on 34 Vanguard funds.
May 24 -
On May 24, 2012, AdvisorShares has partnered with explorer, social entrepreneur and environmental advocate Philippe Cousteau, Jr. to launch AdvisorShares Global Echo ETF (NYSE: GIVE), an active, multi-manager socially responsible fund.
May 24 -
For the week ended May 16, investors pulled an estimated $3.45 billion from U.S. stock mutual funds. Thats $1.10 billion more than they withdrew from the funds a week earlier.
May 23
