Mutual funds

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.

HAGIN Investment on Apirl 11 HAGIN Investment hired an administrator for its first mutual fund.

Whitebox Advisors is making a concerted push into the RIA channel with the help of a new marketing partner.

Investors continue to turn their back on U.S. stock mutual funds. For the week ended April 4, investors pulled $4.27 billion from the funds, the largest weekly outflow so far this year.

Even not-so-wealthy clients now have a chance to participate in alternative investments, courtesy of a new mutual fund with a minimum investment of $1,000 from Wilmington Trust.

Saturna Capital Corporation, investment adviser to the Amana, Sextant, and Idaho Tax-Exempt Mutual Funds, has launched the Sextant Global High Income Fund, which bets on a globally diversified portfolio of debt and equity securities.

Market Vectors launched on Apirl 11, 2011 a new ETF focusing on U.S. Fallen Angel debt

San Antonio, Texas-based USAA has hired Keith Sloane, as head of third-party distribution, responsible for expanding the firm’s strategic partnerships with third-party platforms and registered investment advisers.

The Advisor Solutions Group at Neuberger Berman LLC has added 11 senior regional directors in 10 new regions as it seeks to grow its mutual funds business among wirehouses and regional broker dealers.

The median profit margins of investment advisors, both pre- and post-marketing costs, rose in 2011, according to Lipper’s latest research report, Investment Management Profitability Analysis for 2012.

There’s been a death in the Vanguard Family. Howard B. Schow, co-founder and chairman emeritus of PRIMECAP Management Company and longtime co-manager of several Vanguard funds, has passed away at 84 years old.