Deals & People June 29, 2012

FINRA’s Top PR, Lobbying Exec Resigns

Howard Schloss, head of corporate communications for the Financial Industry Regulatory Authority (FINRA), said he will step down in September.

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According to a news report from Reuters, Schloss is among FINRA’s highest-paid executives, with compensation in 2010 that topped $1 million.

Schloss is responsible for media, government relations and investor education programs, and oversees FINRA’s editorial production, design and multimedia communications services. He was executive vice president of corporate communications and government relations at NASD, which consolidated with NYSE Member Regulation to form FINRA in 2007.

Before joining NASD in 2000, Schloss worked at the Washington, D.C., office of the New York Stock Exchange, where he served as vice president of public affairs. Before joining the NYSE, Schloss worked for the Treasury Department in public affairs. Earlier, Schloss was with Powell-Tate Public Affairs.

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From 1987 to 1991, he served in communications roles for the Democratic Congressional Campaign Committee, managing public affairs and media activities for this national political organization. Schloss has also served as a writer and editor for the Fort Worth Star-Telegram and the Midwest Bureau of United Press International (UPI). He is a graduate of Southern Methodist University.

 

 

Products June 29, 2012

Natixis Introduces Vaughan Nelson Select Fund

A concentrated equity fund launched by Natixis Global Asset Management (NGAM) seeks value opportunities across market capitalizations.
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The Vaughan Nelson Select Fund, from Vaughan Nelson Investment Management, is designed as a potential return enhancer for long-term equity investors and complement to index fund positions.

The Fund invests in undervalued companies across the market capitalization spectrum. In an investing landscape increasingly dominated by index funds and exchange-traded funds (ETFs), Chris Wallace, president and chief executive of Vaughan Nelson, believes there is demand for an actively managed fund with high active share, as measured by the percentage of a portfolio not held by its relevant benchmark index. “A concentrated approach allows us to focus on investment ideas in which we have the greatest conviction, fully expressing the views of Vaughan Nelson’s experienced investment team in a single product,” Wallace said.

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The investment process for the Vaughan Nelson Select Fund is an extension of the mandate used for the firm’s two other funds; however, the fund takes a more concentrated approach, holding between 20 and 40 stocks. The fund has the ability to hold preferred and convertible securities, and can short equity securities tactically to express an investment view.

 

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