The Markets June 4, 2012

Stable Value Funds Continue Strong Trend

 

Stable value funds continued to significantly outperform money market funds, according to a survey from the Stable Value Investment Association (SVIA).

 

 

Reported by

During the first quarter, stable value fund assets saw returns of 2.73%. iMoney Net Money Market Funds had only a 0.03% return during that time.

The survey includes data provided by 24 stable value managers who collectively manage $441 billion in assets. The SVIA has taken the survey every quarter since the fourth one of 2008.

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Deals & People June 4, 2012

Citi Expands Consultant Relations Team

 

Frederick Bailey was promoted to head of Citigroup Inc.’s North America consultant relations division.

 

 

Reported by

Bailey, who joined Citi in 2011, will be in charge of a team that is responsible for coordinating and directing the firm’s relationships with a range of consulting firms that asset managers turn to for investment operations and servicing guidance. He has more than 30 years of experience in institutional investments. Before joining Citi, he was global head of plan sponsor sales at BNY ConvergEx.

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