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Forward Management has bold expansion goals — and it's aiming at bank trust departments to provide part of the growth, according to its president.
September 8 -
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When Fidelity recently announced that its assets under management grew 9% since the end of 2008 to $1.4 trillion and that its market share, already formidable at 11.7%, has now topped 12.4%, pundits scoffed that it was Fidelity's money market funds that drove this growth.
September 7 -
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Regulators are looking for ways to increase accounting safeguards for investment advisors who have custody of client assets, but an investment advisor's group says some of the proposed changes are too broad and go too far.
September 7 -
BlackRock made a big splash in the exchange-traded funds business this summer with its $13.5 billion purchase of the investment unit of Barclays Global Investors, and analysts and executives are waiting for the next shoe to drop.
September 7 -
When like-named target-date funds experienced a wide range of investment returns in 2008, regulators at the Securities and Exchange Commission and the Department of Labor took notice.
September 7 -
Assets in money market funds fell $21.35 billion to $3.559 trillion in the week ended Aug. 26, the Investment Company Institute said.
September 4 -
The mutual fund industry is known for churning out “hot-dot” funds that follow the latest investment craze, but as The Wall Street Journal notes in a recent column, it’s hard to believe but there are fewer than 10 small-cap emerging markets funds available.
September 4 -
Harris Associates, the Investment Company Institute, the Mutual Fund Directors Forum and the U.S. Chamber of Commerce fired their first salvos in the Supreme Court fee case through separate briefs, claiming that market forces and diligent fund trustees keep fees low and negotiated at “arm’s length” bargaining between the investment advisor and the board. They also argue that due to the greater service afforded to retail investors, institutional fees are understandably lower.
September 4