News

William Blair & Company announced an agreement to acquire certain assets of Guidance Capital LLC, a specialist in developing and managing multi-manager hedge fund of funds strategies.

Wasatch Advisors announced that it intends to close the Wasatch Small Cap Growth Fund (WAAEX) to new investors through most third party intermediary platforms as of January 31,...

The much-anticipated report from the Securities and Exchange Commission (SEC) says Congress should consider three options for improving oversight of registered investment advisers (RIAs): user fees, a self-regulatory...

Fidelity Investments has extended its relationship with HP, providing its employees in North America with total retirement services for an additional five years, beginning January 1, 2011.

AdvisorShares announced it is lowering the expense cap on the AdvisorShares Cambria Global Tactical ETF (NYSE:GTAA).

RiverNorth Capital launched the RiverNorth/DoubleLine Strategic Income Fund, to be subadvised by DoubleLine Capital LP.

Larry Pitkowsky and Keith Trauner, former portfolio managers of the Fairholme Fund, announced the formation of GoodHaven Capital Management, LLC.

A cat has been summoned for jury duty in Boston, and even after trying to get his summons disqualified, the court denied the request.  

Delaware Investments added one regional manager and an external wholesaler to its third-party retail distribution team. 

Charles Schwab is offering the Schwab U.S. REIT (SCHH) and the Schwab U.S. Mid-Cap (SCHM) exchange-traded funds.

The Department of Labor (DoL) requested comments on if advice relating to a plan distribution should be included in the definition of "advice" under fiduciary standards; Aon Hewitt...

Two groups commenting on the proposal to expand the definition of fiduciary have urged regulators not to require those appraising employee stock ownership plan (ESOP) assets to be...

In comments to the Department of Labor (DoL) regarding the proposed change to the definition of fiduciary, Liberty Capital Investment Corporation said the rule “would be a litigation...

Retirement plan sponsors report that client service has now become one of their top reasons for choosing a new plan provider, according to a survey by Anova Consulting...

Russell Investments has appointed Darren Spencer as director, alternative investments in its Americas Institutional consulting group.