Columbia Management Group LLC recently changed portfolio managers at 20 teams that manage more than 55 mutual funds.
Managed-futures funds, which finished 2008 as one of the best-performing alternative strategies, hit a bump in January.
Fidelity Investments, the world’s biggest mutual fund company, reported today that its operating income dropped 18% last year.
When combing through new investment ideas, advisers would be wise not to ignore mutual funds and separate-account strategies at the bottom of the heap.
OppenheimerFunds Inc. has elected to shutter its OFI Tremont Core Strategies Hedge Fund and start returning the fund's roughly $100 million in assets to clients.
Cohen & Steers Inc. has snagged David Edlin from AllianceBernstein Investments Inc. to be its new national sales manager, the company announced this morning.
The SPDR Gold Trust (GLD) exchange traded fund has surpassed $30 billion in assets, making it the second-largest ETF by assets in the world.
The tide has finally turned for prime money market mutual funds.
Mutual fund executives probably won't be dancing in the street over reports of modest inflows into stock mutual funds in January.
Big-name mutual fund companies leery of jumping into exchange traded funds have finally received the signal that they need to make a major push into that arena.
OppenheimerFunds Inc. of New York is facing a class-action involving its California Municipal Fund, which lost 41.3% last year.
Putnam Investments today announced that David Glancy has joined the firm as managing director and portfolio manager of a couple of new planned offerings.
Find out what advisers think about leveraged ETFs and ETF providers, plus more, in this latest <i>InvestmentNews</i> ETF Survey. And get some insight into what the future holds for ETFs at The Vanguard Group.
American Funds Investment Co. filed last week with the Securities and Exchange Commission to create a new money market mutual fund.
The stock market may be reeling, but small fund groups are faring better than bigger ones — at least in terms of bringing in fresh cash.
Pacific Investment Management Co. LLC recently unveiled its first global bond index.
Although financial advisers generally welcome new exchange traded funds that invest in municipal bonds, some industry experts question whether they are the best way to access such an opaque market.
Mutual fund wrap accounts, sometimes seen as a retail-class underling to more sophisticated separately managed accounts, are gaining a bigger following.
Absolute-return investing is an innovative strategy because it focuses on pursuing returns while still managing risk.
Putnam Investments tomorrow will lay off about 260 employees, roughly 10% of its work force, mostly from distribution and operations.
