Mutual funds

PALM DESERT, Calif. -- Eileen Rominger, in her first appearance before a gathering of members of the mutual fund industry’s largest trade group, said that compliance with existing and forthcoming rules as well as robust regulation of these is essential to achieving and maintaining the trust and confidence of investors.

PALM DESERT, Calif. -- It’s been three years since the collapse of Bear Stearns – which occurred on the eve of the 2008 Investment Company Institute Mutual Funds and Investment Management Conference.

It's almost exactly four years since the financial crisis began to erupt. On March 21, 2007, the Dow Jones Industrial Average stood at 12,278.73, as the first indications that the subprime mortgage market might crater had surfaced. On March 21, 2011, the Dow closed at 12,039.10, a mere difference of 1.95%.

The 171 respondents to the 2011 Money Management Executive Compensation Study were asked to express themselves in their own words on their level of satisfaction with their total compensation (base salary, bonus and benefits).

The year had started off so well.

Oakmark’s McGregor wins inaugural “Lipper Award for Excellence in Fund Management”

Equity funds net $582 million.

The new offering will integrate absolute return funds that seek positive returns over a three-year period with less volatility than traditional asset classes.

Lincoln, who believes the U.S. economy is about midway through a projected five-year bull run, took some time this week with On Wall Street to provide his big-picture views on a number of timely topics as well as a look back at what financial services firms, advisors and investors have learned from the rollercoaster-like ride of the past few years.

The decision will lead to further litigation, as the claimants’ seek to reverse their responsibility for $400,000 in attorneys’ fees.

Global X Funds on Thursday launched the Global X S&P/TSX Venture 30 Canada ETF, an exchange-traded fund that targets companies on Canada’s junior exchange for emerging companies, the TSX Venture.

Long-term funds took in $4.5 billion in the week ended March 9, the Investment Company Institute said.

PIMCO will begin building new headquarters in Newport Beach, Calif., in late summer, with completion scheduled for the end of 2013. Architect Henry Cobb is designing the office, and Irvine Co. is building it.

Global X Funds has launched two new exchange-traded funds, the Global X Pure Gold Miners ETF and the Global X Oil Equities ETF.

As the general public becomes increasingly familiar with hedge funds, a new investment approach is unfolding: the mutual fund that employs hedge fund strategies.

The U.S. and Singapore were co-valedictorians in a new Morningstar report released on Friday as both countries earned "A" grades on a report card that measured the overall experience of mutual fund investors based on a variety of factors including taxation, transparency and investor protection.

Although they have little trust in financial advisers, young American investors feel they are well-educated about handling their own budgets and are optimistic about the future.

Fidelity Investments’ operating profit rose 17% in 2010 to nearly $3 billion, up from $2.51 billion in 2009, driven by strong mutual fund sales and brokerage business. The company released the information in its annual report to private shareholders.

The U.S. and Singapore were co-valedictorians in a new Morningstar report released Friday as both countries earned "A" grades on a report card that measured the overall experience of mutual fund investors based on a variety of factors including taxation, transparency and investor protection.

Lazard Asset Management has launched two new fixed income funds, the Lazard Emerging Markets Debt Portfolio and the Lazard U.S. Municipal Portfolio.