Tag: Investment Managers
INTECH Investment Management LLC has launched its first Enhanced Global Equity strategy.
Piper Jaffray Companies has announced what it described as a “significant expansion” of its asset management business.
The Hartford Mutual Funds renamed its Global Equity Fund as The Hartford Global Research Fund.
Morgan Stanley Investment Management (MSIM) has announced the launch of the Morgan Stanley Emerging Manager Program (EM Program).
Prudential Financial, Inc., announced that it will rename its mutual fund family, JennisonDryden, to Prudential Investments.
Pioneer Investments has announced seven additions to its U.S. sales team, continuing the expansion of its sales force aimed at supporting the firm’s largest retail clients.
U.S. money managers participating in a recent Russell Investments poll are apparently an optimistic bunch, predicting equity markets still have room to grow during 2010.
Financial firms surveyed by Cerulli Associates said examination of fees, such as 12b-1 reform, will be the greatest regulatory impact in the coming year.
Putnam Investments hired Scott Sipple as head of Strategic Relationships, focused on communication with the asset management research platforms of major wealth management firms.
Investors expect moderate economic growth and solid returns in global
equities in 2010, according to the BofA Merrill Lynch Survey of Fund
Managers for December.
In a background of lingering uncertainty for investors, many mutual fund managers have continued to attract significant inflows to their stock and bond funds in 2009.
While November’s mutual fund inflow to fixed income still added up to $33 billion, that was down from the $40 billion pumped into bond funds for each of the three months leading up to November, according to Morningstar.
Charles Schwab Investment Management, Inc., has launched two more of its exchange-traded funds (ETFs) with low operating expense ratios and commission-free online trading in Schwab accounts.
DWS Investments, the U.S. retail unit of Deutsche Bank’s global Asset Management division, has appointed Gregory Troccoli and Robert Kendall as directors.
MFC Global Investment Management (MFC GIM) named Bradford G. Thomas as director of Consultant Relations.
Putnam Investments LLC will dismiss three fund managers as part of a broader move to cut 5% of its staff.