The company completed the reorganization of $2.2 billion in assets of 26 Nationwide Funds into newly created Aberdeen Funds.
Hedge fund performance replication has come to the mutual fund industry in the form of the IQ Alpha Hedge Strategy Fund.
The Baltimore-based firm will contribute $240 million to bail out three money market funds of one of its subsidiaries.
Bank holding company income from mutual funds and annuities rose more than 27% to $5.92 billion in the first quarter.
"The cushion provided by well-covered dividend yields has taken on increased importance," a JPMorgan analyst wrote.
Hypothetical returns utilized by a host of new exchange traded funds are reigniting a debate about the use of back-tested performance data.
The combined total launches last year of exchange traded funds, variable annuities and closed-end funds surpassed open-end mutual fund launches for the first time, according to Boston-based research firm Cerulli Associates Inc.
Faced with an increasingly global market in which the United States plays a diminished role, asset management companies must rethink how they approach investing.
Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
Oil prices shot up again today on comments by the president of OPEC that they could rise to $170 a barrel and fears of a production slowdown by Libya.
Two top stock-pickers are steering clear of financial service company stocks.
Fidelity expects the emerging markets of Brazil, Russia, India and China to generate long-term growth.
Barclays PLC plans to raise $8.9 billion through the issuance of new shares as part of an effort to shore up its balance sheet.
Stock and bond funds had net inflows of $34.6 billion last month, up from $24.7 billion in April, according to FRC.
Home prices continued their freefall in April, with some areas reporting declines of nearly 27% year-over-year.
Financial advisers are looking to punish The Charles Schwab Corp. for leaving them in the lurch after its bond funds suffered when investments in mortgage-backed securities went sour.
The hedge fund is reportedly considering raising another $1 billion to take advantage of Wall Street turbulence.
Competing in a crowded, cost-focused market, 20-year-old Hennessy Funds is putting an emphasis on distribution.
