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May 10, 2010

Past Issues

Mutual Funds

Asset Managers Return to Core Strengths

WASHINGTON -- Despite the enormous weight of proposed regulations bearing down on the financial services industry, mutual funds are taking the issue in stride, focusing on their core strengths of transparency, diversity and customer service. "History has shown that events of this magnitude have a significant impact on investors, on markets and on policymakers," said Mark Fetting, chairman and CEO of Legg Mason Inc. and chairman of the Investment Company Institute's General Membership Meeting, held here last week. "Investors increasingly are not just looking for access to asset classes; they want solutions to problems."

Week In Review

SPARK Institute Says Competition Critical for Lifetime Income, More Employers Let Workers Max Out 401(k)s, Rebound Predicted for Asset Management M&A, IRAs Outpacing 401(k)s Among Wealthy, 'Wall Street North' Lags in Financial Rebound, U.S. Trust Campaign Touts the Worth Behind the Wealth, and Dividends Resonating Even Among Savvy Investors.

Sales & Marketing

Platform Offers Hedge Expertise to Advisers

Two veterans of the hedge fund world are touting a product they say lets advisers focus less on investment decision-making and more on business development and client service. The Hedgeable Advisory Platform, from Hedgeable.com, aims to solve what the company's chief executive officer calls the biggest problem portfolio managers face: what to buy and sell, and when. "People have been burned over the last 10 years," said Michael Kane, who co-founded the New York company with his brother, Matthew Kane. "People are lost, and they want to [find] a new way of managing money."

Performance

Record 20% Fund Inflows for 2010: Strategic Insight

WASHINGTON -- The $12 trillion mutual fund industry will hit record sales of 20% or greater in 2010, driven by continued demand for bonds, alternative investments and international equities, Strategic Insight projects. "The record flows are remarkable, as they come just a year after the world almost ended," said Director of Research, Executive Vice President Avi Nachmany, at a Strategic Insight presentation ahead of the Investment Company Institute's General Membership Meeting, where 1,400 executives gathered.

Executive Moves

Executive Moves

Putnam Names Marshall Investment Product Head, Hatteras Funds Names Jacobs Chief Executive, and Fidelity Hires Former Treasury Official Ramanathan.