Mutual funds

On April 20, SS&C CEO said he is 'Very confident' now of GlobeOp takeover.

Institutions say they will sharply reduce their use of money market funds if the Securities and Exchange Commission (SEC) adopts either a net asset value float, a redemption holdback or capital buffer requirements on the industry, according to a report released by the Investment Company Institute.

On April 19, RidgeWorth unveiled a new branding service for advisors.

On April 19, 2012, Capital markets tech provider Broadridge Financial Solutions, Inc. has launched a new corporate website by which mutual fund executives can shop for software systems and services.

On April 19, MMe learned that Neuberger is launching a multi-strat alternative fund within the next few weeks.

On April 19, 2012, U.S. treasurers say they will sharply reduce their use of money market funds if the Securities and Exchange Commission (SEC) adopts either a net asset value float, a redemption holdback or capital requirements on the industry, according to a report released by the Investment Company Institute.

Some firms grow organically, pumping out funds. Then, they hire reps and distributors to market and sell their offerings.

On April 18, Russell Investments added Tom Goodwin in the newly created role of senior research director for Russell Indexes.

On April 18, Boston-based Affiliated Managers Group, Inc. (NYSE: AMG), has agreed to acquire a majority equity interest in Yacktman Asset Management Co.

Ask any advisor and he or she will tell you that clients can’t get enough of long-term growth mutual funds. Here’s an interactive slide show featuring the five best performers so far this year.

On April 18, Reuters reports that the chief operating officer of Guggenheim Investments and two other top executives were let go this week as part of a reorganization at the firm, according to three people familiar with the situation.

On April 17, 2012, Bob Reynolds said Putnam is currently prepping an active ETF offering.

On April 18, 2012, Thomson Reuters announced that it will now offer clients of three investment data providers, FundCount, Quantifi and SAGE SA, access to Thomson Reuters DataScope Select platform for non-streaming, cross-asset, global content

On April 17, 2012, Two mutual fund heavyweights yesterday were recognized for their focus on consumer needs, innovation and fiduciary services..

Mutual fund assets within Defined Contribution Investment Only programs, which are used to support 401(k) retirement plans, have been growing in size and disparity in recent years.

On April 17, 2012, Vericimetry launched it first mutual fund.

On April 17, 2012, Fund administration service provider Gemini Fund Services, LLC and Cole-boutique law firm Frieman Mallon & Hunt LLP have joined forceS to launch Two Roads Shared Trust, a shared mutual fund trust.

On April 17,CPI Qualified Plan Consultants, Inc., a third-party recordkeeping and administration company, has added the collective investment funds and exchange-traded funds advised by First Trust Advisors L.P to its retirement platform.

Liz Kirscher is leaving her post as presidnet of research firm Morningstar's data division. A replacement has not been named.

On April 17, 2012, The Vanguard Group was recognized as the most effective full service investment advice brand online by Heardable Inc., a Temecula, California-based firm which measures corporate online performance.