Deals & People May 20, 2008

MBO Cleary Adds John C. Callen to Team

MBO Cleary Advisors Inc., a member of Cleary Gull Holdings Inc., added John C. Callen as a Senior Client Advisor.
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Callen provides investment advisory and management services for the firm’s institutional clients and wealth families and individuals across the country. He is also a member of the firm’s Investment Policy Committee.

Prior to joining MBO Cleary, Callen constructed and managed investment portfolios and provided investment advisory services for institutional and wealthy clients. He has also developed investment strategies and advanced risk management techniques as a member of new product, asset allocation and portfolio management policy committees.

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Earlier in his career, Callen spent time as an acquisition manager in the corporate finance arena and a senior financial analyst for a nationally recognized retail corporation.


The Markets May 19, 2008

Stock and Bond Funds See Inflows in April

Both stock and bond mutual funds experienced inflows in April, while money market funds saw seasonal withdrawals, according to data from Strategic Insight.
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Equity fund net inflows reached an estimated $12 billion during April. Strategic Insight said about half of these net flows were to international/global equity funds, and domestic equity fund flows reflected gains in stock markets.

Bond fund inflows neared $20 billion in April, adding to the $51 billion in inflows during the first quarter. Most of the flows went to taxable bond funds, while tax-free bond funds gained about $4 billion during April.

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Money market funds’ net redemptions were $42 billion for the month. Strategic Insight said this was likely mostly driven by payment of taxes.

“The continuing recovery of global stock markets in May suggests further gains in fund flows during this month,’ said Avi Nachmany, Strategic Insight’s Director of Research, in a press release.

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