Mutual funds

Computer-coding error in quant strategy appears to be cause for the firing.

Vanguard has dropped AXA Rosenberg Group as a sub-advisor of the Vanguard Explorer, Vanguard U.S. Value and Vangaurd Market Neutral funds, replacing the oversight with its own Quantitative Equity Group, Vanguard said Thursday.

The new product will focus on credit opportunities in emerging markets.

Hedge fund performance in July lagged behind the equity markets in July, according to the Hennessee Group, an advisor to hedge fund investors.

Moody's issued a report Tuesday finding a widespread "Apocalypse Now" among money market funds in the days surrounding the September 2008 implosion of Reserve Funds' Primary Fund, which broke the buck at 97 cents on the dollar due to heavy exposure to Lehman Brothers paper.

Major Wall Street, business, political and consumer finance magazines are warning investors about hidden 12b-1 and 401(k) fees, various share classes and the loads ascribed to them.

Major Wall Street, business, political and consumer finance magazines are warning investors about hidden 12b-1 and 401(k) fees, various share classes and the loads ascribed to them.

Securities lending, once considered a mundane middle and back office operational chore, is quickly becoming the target of scrutiny from savvier plan sponsors who want a far better understanding of the financial benefits and pitfalls.

Cathe Tocher has excelled as a portfolio manager through very good times and bad. She is senior vice president of investments at Great-West Life & Annuity Insurance Co., whose five- and four-star Morningstar-rated stable-value portfolios continue to be embraced by the 401(k) marketplace.

Charles Schwab announced on Thursday three new, low-cost bond exchange-traded funds with no online trading commissions for Schwab clients. This is in addition to the eight equity ETFs that Schwab already offers.

Bank of America Merrill Lynch has hired David Tyrie, formerly with Putnam Investments, as head of personal retirement services. He will report directly to Andy Sieg, head of retirement and philanthropic services division.

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Buoyed by the strength of the long-term municipal market over the past 18 months, mutual fund assets have climbed to record levels, and portfolio managers have had little need to make major changes to their current investment strategies.

High yield bond funds took in nearly $1 billion for the week ending July 28 for the third largest weekly inflow of the year, according to a report published by Lipper FMI.

Janus, a fund shop known for nurturing growth-fund talent, turned to its value-oriented subsidiary, Perkins Investment Management, to co-manage a new fund targeted to risk-averse retiring Baby Boomers.

Janus, a fund shop known for nurturing growth-fund talent, turned to its value-oriented subsidiary, Perkins Investment Management, to co-manage a new fund targeted to risk-averse retiring baby boomers.

Now that Congress has passed the Restoring American Financial Stability Act of 2010, more commonly known as the Dodd-Frank bill, it is useful to stand back and assess what Congress did and did not do in this legislation. As with most contested legislation, it is not as extensive as some had hoped and, naturally, it is deemed excessively burdensome by others. But in the quiet period following final passage, we can now separate the likely impact of the bill from the rhetoric and evaluate it in a dispassionate light.

Investors increasingly opt in to automatic investment accounts like target-date funds.

State Street Global Markets Wednesday unveiled seven new indexes designed to help institutional investors map out hidden market opportunities.

Buoyed by the strength of the long-term municipal market over the past 18 months, mutual fund assets have climbed to record levels, and portfolio managers have had little need to make major changes to their current investment strategies.