Asset management

The RobustWealth and Wells Fargo acquisitions are boosting the firm’s technology and scale as firms of its type diverge on their approach to a changing industry.

Broadly, hedge funds lost about 0.1% last month, paring gains for the year to about 6.2%, data show.

The decommissioning of redundant measures outweighed the creation of new benchmarks, according to a new report from the Index Industry Association.

The organization is focusing its efforts on diversity, technology and creative product development in 2020, says Jim Fitzpatrick, president and CEO of the group.

Bill Mahler had been chairman of the firm’s equity capital markets and equity asset management units. He was also on the executive committee.

“We need someone with a deep understanding of BlackRock, our business and, above all, our culture,” CEO Larry Fink wrote in a memo.

For its annual NOVA awards, NICSA recognized asset managers and executives for operational excellence and product development.

Studies purport to have proven both that socially responsible investing hurts returns, and that it can boost performance.

Martin Gilbert helped build Aberdeen Asset Management through dozens of acquisitions starting in the early 1980s.

Financial market data — unlike photos or road traffic information or chess games — is finite, and the algorithms can learn only from past performance.

Wild price swings that have exceeded double-digit percentages in a single day have spurred the regulator to keep a close eye on volatility.

Funds of funds, pensions, consultants, family offices and endowments have pulled $16.4 billion from generalist long-short equity funds this year.

The price rise and concurrent yield slide on BB-rated bonds is giving some planners pause.

Under the proposed structure, the funds will conceal a portion of their assets and instead publish a list of securities that’s highly correlated to the performance of the portfolio.

Cash flow has subsided and market conditions have changed since the fund was closed to most new accounts in 2016.

The indexing giant’s pilot Digital Advisor will be priced at 15 basis points, but allocate client assets almost entirely in proprietary funds.

"Asset managers, like many businesses today, are being asked to do more with less," an executive says.

The firms broke with Climate Action 100+, a group of money managers overseeing more than $33 trillion, during this proxy season.

Some accuse index funds of promoting monopolies and distorting markets, among other horrors, but nothing has stemmed the wave of inflows to passive.

“What we’re trying to build here is something that stands the test of time,” says Todd Boehly.