Mutual funds

State Street Corporation has appointed Dick Taggart to the post of head of Middle Office Outsourcing Operations across North America for the company’s investment manager services business.

Wells Fargo Funds Management, LLC, the investment advisor to Wells Fargo Advantage Funds, has rolled out a fund that will invest in a wide range of alternative investments.

Three big-name mutual fund shops, including Fidelity Management & Research Company, State Street Corporation and Federated Investors, are warning the SEC that eliminating the fixed $1 price of fund shares will scare away many investors who want some minimum level of value stability in their assets.

Three big-name mutual fund shops, including Fidelity Management & Research Company, State Street Corporation and Federated Investors, are warning the Securities & Exchange Commission that eliminating the fixed $1 price of fund shares will scare away many investors who want some minimum level of value stability in their assets.

Westwood Holdings Group, Inc. has rolled out the Westwood Short Duration High Yield Fund, which will bet on non-investment grade debt with expected maturities of three years or less.

Three big-name mutual fund shops, including Fidelity Management & Research Company, State Street Corporation and Federated Investors, have a few choice words for the Securities & Exchange Commission about more money- market regulations.

Many investors put off making final Individual Retirement Account contributions until the last minute. Now, Fidelity Investments has an app for that.

Wells Fargo Funds Management, LLC, the investment advisor to Wells Fargo Advantage Funds, has rolled out a fund that will invest in a wide range of alternative investments.

Larry Fink, chief executive of BlackRock, wants the asset management industry and government to take the lead in propping up investors' morale in a flagging market.

Change is inevitable and, for the most part, good.

The coming year is shaping up to be a fresh start for alternative mutual fund shop Pyxis Capital.

To Securities and Exchange Commission chairman Mary L. Schapiro's mind, the current state of the money market fund business is "living on borrowed time."

The Principal Financial Group has entered into a definitive agreement to buy a 60 percent stake in Claritas Investments, Ltd., a Sao Paulo-based mutual fund and asset management company with more than $1.8 billion in assets under management.

The much-awaited opening of trading in Pacific Investment Management Co.’s Total Return ETF arrived this morning. By noon, 345,800 shares had been traded. Missing from the ringing of the bell at the New York Stock Exchange: the fund’s manager, Bill Gross.

Wedbush Securities has launched a trading platform provider that the firm says will dramatically speed up trades for fund managers and other institutional investors, as well as give them better control over their transaction costs.

The Principal Financial Group has entered into a definitive agreement to buy a 60 percent stake in Claritas Investments, Ltd., a Sao Paulo-based mutual fund and asset management company with more than $1.8 billion in assets under management.

Bill Gross and his team of bond specialists at Pacific Investment Management Company built the Total Return Fund into the world’s largest mutual fund, with more than a quarter-billion dollars in assets. Can he (and they) repeat the trick, with a Total Return exchange-traded fund?

It's often more beneficial in the wealth creation process to go against the grain and do what is uncomfortable

After a strong start in February, domestic stock mutual funds saw cash outflows of $322 million in the most recent weekly statistics.

Fidelity Investments has launched an initiative dubbed “Thinking Big,” for publicly promoting the research of its investment analysts and experts. The firm will launch the initiative in conjunction with its sponsorship of the 2012 TED conference, an annual event that brings together global thought leaders.