Wells Fargo Funds Management and Evergreen Investment Management are planning a series of fund mergers, reorganizations and liquidations to form the Wells Fargo Advantage Funds family, confirmed Wells Fargo spokeswoman Laura Fay.
Total money market mutual fund assets rose by $2.59 billion to $3.272 trillion for the week, the Investment Company Institute said Thursday.
The stock market is mistakenly seeing the glass as half empty, says Uri Landesman, head of global growth at ING Investment Management Americas. He cited the stock market's negative start today as evidence of “some cross-currents” that might have investors confused and conflicted.
The stock market rally has gone too far too fast, and on too little real economic recovery, claims Tom Samuels, manager of the Palantir Fund (PALIX), a global long/short fund from Palantir Capital Management Ltd.
Mutual funds could invest directly in commodities under legislation introduced Wednesday by House Ways and Means Committee Chairman Charles Rangel, D-N.Y., and Select Revenue Measures Subcommittee Chairman Richard Neal, D-Mass.
William Stevens was named a vice president and portfolio manager at Loomis Sayles.The position is new, said spokeswoman Meg Clough.
John Hancock Funds LLC will file with the Securities and Exchange Commission in the next few weeks plans to launch actively managed exchange-traded funds, according to an official at the firm.
Christopher Browne, a genteel money manager who helped bring down newspaper baron Conrad Black, died Sunday of a heart attack. Mr. Browne appears to have been 63, although his firm, Tweedy Browne & Co., couldn't immediately confirm that.
Before being elected to the Senate, Herb Kohl ran his family's grocery and department store business.
Despite the market rebound, investors are continuing to pour money into bond funds, causing a number of asset managers and financial advisers to make sure that their clients are diversifying their fixed-income holdings.
The mutual fund industry's Holy Grail is a fund that can provide investors with a guaranteed stream of income without tying up the client's money in an annuity.
John Bogle, founder of The Vanguard Group Inc., is being challenged to put his money where his mouth is with regard to index-based investing.
Morgan Stanley is quietly hunting for a new top executive to run its investment management business, one of the world's largest — albeit shrinking — money management operations.
A growing demand for commodities in emerging and developing markets requires a new way of analyzing commodity investment strategies, according to Thomas Samuelson, chief investment officer at Advanced Equities Asset Management.
Vanguard Group plans to merge two institutional index funds into other Vanguard offerings with similar objectives, while adding an institutional share class to the surviving funds.
Morningstar Inc. last week launched ratings and research reports for 20 of the largest target date mutual funds — and identified The Vanguard Group Inc. as the best target date provider for investors, based on such criteria as management, fees and performance.
The Arkansas Securities Department announced Tuesday that it fined a broker $50,000 and suspended his license for two weeks after a probe into alleged fraudulent mutual fund sales
As investors slowly dip their toes back into the stock market, mutual fund companies are cautiously hiring again.
