News

The median return of the State Street Universe (SSU) of total plans rose 5.3% in the fourth quarter of 2010, according to the State Street Corporation.

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Transamerica has enhanced its Transamerica Multi-Manager Alternative Strategies Portfolio with what it described as “a variety of niche, non-traditional asset classes."

Forward Management launched the Forward Tactical Enhanced Fund (FTEEX) that seeks profit through continuous management of market exposure.

The State Street Investor Confidence Index shows investor confidence fell 3.3 points globally from December to January.

Retirement Plan Advisory Group (RPAG) named Veronica Lee, formerly of 401(k) Advisors, Senior Vice President of Client Service.  

Reliance Trust, a subsidiary of the Reliance Financial Corporation, announced the acquisition of Harrington Wealth Management, a subsidiary of Pacific Western Bank.

linkedFA, a social networking site designed for financial professionals, has acquired AdvisorConnect, a private, online community for independent advisers.  

Mutual funds from ING Fund Services are now available to Pershing-affiliated broker/dealers (B/Ds) and registered investment advisers (RIAs).  

Global X Funds launched the Global X Russell Emerging Markets Growth ETF (Ticker: EMGX) and the Global X Russell Emerging Markets Value ETF (Ticker: EMVX).

John Hancock Funds launched the John Hancock Alternative Asset Allocation Fund (JAAAX).

Guggenheim Funds Distributors, Inc. has launched the Guggenheim BulletShares High Yield Corporate Bond ETFs.

Natixis Global Associates (NGA) announced two new staff appointments that complete the organizational plan for its retirement strategy group.

Investors worldwide contributed $40 billion of new cash flows to long-term mutual funds in November, two-thirds of which went to equity funds.

Bankrate’s January "Financial Security Index" poll finds many Americans feel less comfortable with their finances now than they did 12 months ago.

The percentage of investors that own exchange-traded funds (ETFs) has increased, while the percentage owning mutual funds has decreased over the past four years, according to a recent Cogent Research...

Nancy Everett is the new Head of BlackRock Fiduciary Management Solutions, a newly created position.

Neuberger Berman Group LLC has hired Eli M. Salzman.

A federal appellate court has ruled that it can be appropriate for a class of defined contribution plan participants to sue for relief under the Employee Retirement Income...

Causeway Capital Management LLC launched Causeway Global Absolute Return Fund, which will have long and short exposures to common and preferred stocks primarily in developed markets worldwide.