Regulation

SEC adopts MMF reform rules

The Securities and Exchange Commission has adopted amendments to the rules that govern money market mutual funds (MMFs), making structural and operational reforms to address investor risk while preserving the benefits of the funds. »


Graph and pen

Milburn and McGuckin boost US high yield weighting at expense of Europe

Phil Milburn and Claire McGuckin, co-managers of the GBP1.7bn Kames High Yield Bond Fund, have been taking profits from European positions and increasing the portfolio’s weighting to US debt over valuation considerations and fears over covenant degradation on the continent. »


Retirement

Prudential Retirement promotes Gary Ward to head of stable value

Gary Ward, previously head of Prudential Retirement’s investment only stable value business, has been promoted to the head of stable value for Prudential Retirement. »


Handshake

TowerPoint partners with AllianceBernstein to acquire assets in US, Canada and Puerto Rico

TowerPoint Capital has entered into an agreement with AllianceBernstein Private Credit Investors to facilitate its ongoing acquisition of assets and accumulate diversified portfolios in the US, Canada and Puerto Rico. »


Five fingers

Heward's Canadian Dividend Growth Fund reaches five-year mark

Heward Investment Management’s Canadian Dividend Growth Fund marked its fifth year on 30 June 2014. »


Globe and currency signs

FIX Trading Community extends TESI to include FX

FIX Trading Community, the non-profit financial trading standards body, has extended the Trading Enablement Standard Initiative (TESI) to include foreign exchange (FX) client enablement. »


Globe

Natixis Global Asset Management launches Seeyond Multi-Asset Allocation Fund

Natixis Global Asset Management (NGAM) has launched a core global tactical asset allocation fund that invests in stocks, bonds and volatility as an asset class. »


Handshake

Markit appoints head of investor relations

Markit has appointed Matthew Kolby as head of investor relations. »


Approved stamp

Omni Partners obtains licence under AIFMD

The UK Financial Conduct Authority (FCA) has approved Omni Partners’ application for an authorised licence under the Alternative Investment Fund Managers Directive (AIFMD). »


Market

Low rates and new regulations keep market conditions challenging, says Greenwich Associates

Fixed-income dealers who thought market conditions could not get any worse this year have been proven wrong.  »


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