Portfolio

Man Group, the world's biggest publicly traded hedge fund manager, is looking blue after the departure of CEO Emmanuel "Manny" Roman to Pimco.

Fees in 401(k) plan slammed as grossly excessive; investment options as imprudent.

While a stock-first withdrawal approach is viewed as a prudent way for retirees to tap into their retirement accounts, advisers should not readily recommend this strategy.

Executives say it's about more than just robos.

The recruit spent two years researching the move before deciding to leave the wirehouse.

Several of the largest moves this year show top talent is looking beyond traditional choices.

Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.

In his new position, Roman will replace Douglas Hodge, who presided over a tumultuous time that included the departure of Bill Gross and a plunge in assets at the firm.

The San Francisco-based venture fund was joined by existing Guideline backers NEA and Lerer Hippeau Ventures in the round.

The asset manager co-founded by Bill Gross has suffered internal turmoil since his departure in 2014.