Westwood Closes Mid Cap Fund and Opens Another
Westwood Holdings Group, Inc. has closed the WHG SMidCap Fund (WHGMX) to new investors.
News
Bogner Joins Team at HighTower
HighTower financial services completed its first tuck-in transaction, with Steve Bogner bringing his practice to Richard Saperstein’s team in New York.
Towers Watson Turns to DeMeo as Investment Exec
Towers Watson has named Chris DeMeo head of investment for North America.
AUL Retirement Services Adopts Advent Software
The retirement services division of American United Life Insurance Company (AUL) announced today that it will offer Advent Custodial Data (ACD) to its advisers.
Principal Shares 2010 Best Practices Practices Guide
When the going gets tough, the best employers stand by their employees – and they’re willing to share how.
SEI Partnership Bolsters Shariah Lineup
SEI has partnered with Allfunds Bank to offer a greater choice of investment solutions for Shariah investors in the Gulf Cooperation Council (GCC).
UBS Launches Fixed Income Opportunities Fund
UBS Global Asset Management has launched the UBS Fixed Income Opportunities Fund.
New Regulations Main Cause for Concern at Hedge Funds
Hedge fund CFOs say addressing new regulatory requirements and meeting evolving investor expectations are the biggest challenges for 2011, according to a poll by SEI.
Schroders Expands Distribution Teams
Schroder Investment Management North America Inc. announced the addition of five U.S. Onshore Intermediary members, plus one Offshore hire.
Transamerica Adds Three to TPA Channel Team
Transamerica Retirement Services announced the addition of three people to its Third Party Administrator (TPA) Channel “to boost support and services for the TPA community.”
IRI Taps Plotnick for Director of Research
The Insured Retirement Institute (IRI) has hired Lisa Plotnick as director of research.
Data Firms Collaborate on Institutional Product
InvestorForce, Inc. and eVestment Alliance are expanding the partnership they formed last year, the two companies announced.
JPMorgan's Gatch Says More Changes to Come
George Gatch, Chief Executive Officer of J.P. Morgan Investment Management Americas, says the company is in the process of dramatically strengthening the investment in, and commitment to, the...
BP Retains Fidelity as Retirement Plan Services Provider
Fidelity Investments has renewed its long-standing contract with BP America, Inc., a subsidiary of BP plc, as its retirement services provider.
Buckingham Financial Services Acquires Turnkey Program
The Buckingham Family of Financial Services has acquired Advisors Access, a turnkey 401(k) program, from Capital Directions.
TD Ameritrade Working Toward Better Integration
TD Ameritrade Institutional has been collaborating with third-party technology providers in order to open its Application Programming Interface (API) with its VEO management platform.
U.S. Representative Introduces Bill to Repeal Dodd-Frank
Representative Michele Bachmann (R-Minnesota) has introduced new legislation, H.R. 87, to repeal the Dodd-Frank financial reform bill.
IRS Rules ESOP not Tax Qualified
The U.S. Tax Court upheld a decision by the Internal Revenue Service (IRS) that an employee stock ownership plan (ESOP) and its employee stock ownership trust (ESOT) are not...
Participants Lose Second Attempt in Medtronic Stock Suit
After filing an amended complaint, participants of Medtronic Inc.’s retirement plan failed to convince the court that the company breached its fiduciary duties by continuing to offer company...