Mutual funds

On April 16, 2012, Federated Investors, Inc. has completed its purchase of the London-based liquidity and fixed-income product manager Prime Rate Capital Management.

Patrick Morris is a veteran hedge fund manager who has come in from the cold.

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

Minneapolis-based Whitebox Advisors, the $2.3 billion asset management firm founded by Andrew Redleaf, is making a concerted push into the Registered Investment Advisor channel with the help of third-party marketing firm Havener Capital Partners LLC.

Last year was a challenging year for mergers and acquisitions between financial services firms, according to PricewaterhouseCooper's latest M&A insights report.

Morningstar reported on April 13, 2012 that money market funds bled $114 billion in the first quarter, the biggest quarterly outflow since the second quarter of 2010.

MME reports on April 13, 2012: After a long, winding legal road, involving no fewer than six federal court decisions, Ameriprise Financial finally won a suit alleging that it had charged excessively high advisor fees.

On Aprill 11, a pair of academics from the Lubin School of Business at Pace University released their findings on corporate culture as it relates to funds' performances.

Nine mutual fund providers can expect to see not only positive, but stronger-than-average investment momentum from investors in 2012, according to findings in the 2012 Investor Brandscape, an annual report released earlier this month by Cogent Research.

On April 12, Cogent named nine fund firms that were most likely to gain business from affluent investors.

On April 11, the ICI said investors yanked $4.7 billion from stock mutual funds.

On April 12, BlackRock revealed plans to become an exchange operator.

On April 12, 2012, Janus Capital Group asked its shareholders to vote in favor of a new chief executive officer compensation plan that will cap CEO pay at $10 million, tie it directly to year-over-year change in operating income and comprise it with 40% cash and 60% long-term incentives.

On April 12, 2012, AllianceBernstein reported that preliminary assets under management dipped 1.2%, to $419 billion, at the end of March compared to the previous month.

Fred Alger Management, on April 12, 2012, has added Gregory Adams to the portfolio management of the ALger Growth & Income Fund

Socially responsible investing has increasingly become hot over the past five years.

Franklin reported on April 11, 2012 that its March assets under management were up 3% from a year ago

Wilmington Trust made a multi-strat alternative offering on April 11.

On April 11 SSgA revealed ETF flows and assets for March 2012.

On Aprill 11, Mirae Asset Management named a new retail sales head.