Asset management

Higher costs are most attributable to technology spending, including investments in artificial intelligence.

Fresh doubts about whether star managers can deliver consistently superior returns have been raised following Bill Gross’ retirement.

Data reported by the Investment Company Institute.

Industry leaders look to developments in AI, blockchain and cloud computing as the key drivers of change.

Firms are preparing for tech advances in online fund distribution, digital advice and macro investing.

Despite its death, Barclays is transitioning assets and trading volume to a nearly identical version of the fund.

The leak included information on about 12,000 advisors who are clients at LPL Financial.

A group representing some of the world’s largest money managers wants the SEC to let brokers accept payments from domestic clients just for research.

The reduction, which includes 15% of senior management, is part of a larger effort to cut costs and automate more business.

Money managers would be better off selling holdings at random, a study suggests.