Mutual funds

RidgeWorth Investments is closing its Small Cap Value Equity Fund, subadvised by Ceredex Value Advisors LLC to new investors effective April 20.

Oaks, Pa.-based SEI, a provider of investment processing, fund processing, and investment management business outsourcing services, has appointed Stephen Beinhacker as Global Head of Equities for SEI's Investment Management Unit.

Stewart Capital Advisors, LLC, the investment advisor for Stewart Capital Mutual Funds, said that it has made the Stewart Capital Mid Cap Fund available as a no-load mutual fund effective April 1.

Investment advisor Matthew Tuttle spends a lot of time moving the money of newly-acquired clients out of mutual funds and into exchanged-traded instruments.

The Hartford is relocating the headquarters of its mutual funds business to Radnor, Pa., in a complex where Wellington also has an office. It also plans to hire as many as 50 new sales people to this office.

Expanding its relationship with Wellington Management, The Hartford is relocating the headquarters of its mutual funds business to Radnor, Pennsylvania, in a complex where Wellington also has an office. It also plans to hire as many as 50 new sales people to this office, adding to the already existing 100 person force nationwide, to support sales of its funds in the advisor-sold and defined contribution investment only (DCIO) channels. .

As it turns out, losing to the S&P 500 last year wasn't quite as shameful as we thought.

Tradewinds Global Investors, a subsidiary of Nuveen Investments, is throwing in the towel on its Global All-Cap Plus Fund.

Henderson Global Investors Inc. has launched an all asset fund aiming at long-term growth of capital with lower volatility through flexible allocation across a wide range of asset classes around the world.

Peter Dorsey has been named the new managing director of institutional sales for TD Ameritrade Institutional, a division of TD Ameritrade, Inc.

Mutual funds come in every shape, size and color imaginable. How else are newcomers and smaller fund firms supposed to contend against 8,500 of their peers, already extant?

There were more than 7,693 mutual funds at the end of February 2012, according data from the Investment Company Institute.

Investment advisor Matthew Tuttle spends a lot of time moving the money of newly-acquired clients out of mutual funds and into exchanged-traded instruments.

Lazard Asset Management LLC has launched the Lazard Global Fixed Income Portfolio targeting both institutional and individual investors.

Mutual fund families routinely, and on purpose, use the capital in affiliated funds as “insurance pools” to offset or prevent cash shortfalls in other funds within family, according to research released by the Kelley School of Business at Indiana University.

1492 Capital Management is jumpstarting its mutual fund business with the addition of Michael Micciche as vice president of sales, responsible for developing the sales strategy across market segments and investors.

Mergers and acquisitions in the U.S. financial services industry took a dip last year but potential sell-offs in Europe could pave the way for a better M&A market for 2012 and beyond, according to a new PwC report.

New York-based Clear Alternatives is ready to make a name for itself in the asset management space.

Officials at State Street Corporation today have a few billion reasons to smile.

San Francisco, Calif.-based Forward Management, advisor to Forward Funds, today said that it will close the Forward Select Income Fund to most new investors beginning March 30.