Portfolio

Assets under advisement were said to be $13 billion. The AUM was much less.

"The business model of the asset management industry is really archaic," says Scott MacKillop, founder of First Ascent Asset Management.

Hedge funds on average rose 1.7% last month, according to Chicago-based Hedge Fund Research, the fifth straight month of gains.

Treasuries and related securities at the Newport Beach, Calif.-based firm accounted for 45.6% of assets, rising from 39.7% in June.

Entering his fourth year in the business, Evan Savarick explains why joining his father’s team was the right move.

Why they should stay up-to-date with mergers and the financial difficulties of their past employers.

The volatility can be painful, but these funds are often used to diversify portfolios and generate alpha.

Knowing how and when to withdraw can save clients big in their golden years.

Inflows into raw materials slowed to $2.4 billion in July, the least since money was withdrawn in December.

The longstanding notion of the U.S. as a respite from negative yields in Japan and Europe is now little more than an illusion.