Portfolio

Mutual funds picked up $8.51 billion for the week ended Wednesday, May 15, according to the Investment Company Institute, but bond funds suffered.

Direxion Funds' CEO Dan O'Neill examines new products and strategies that will be the next phase in the evolution of ETFs.

Direxion Funds, based in Boston, is known for creating innovative tactical exchange-traded funds, particularly leveraged index funds.

Aberdeen Asset Management PLC wrapped up its acquisition of Artio Global Investors, a U.S. publicly-listed asset manager, effective May 21.

Hedge funds’ returns have stayed “lackluster” this year, with the $2.3 trillion industry trailing the gains of the Standard & Poor’s 500 Index by about 10 percentage points, according to Goldman Sachs Group Inc.

Recruiting and hiring experienced, client-facing advisors with ultra high-net-worth experience is extremely difficult right now, with demand high and supply low.

Mutual funds picked up $8.51 billion for the week ended Wednesday, May 15, according to the Investment Company Institute.

The New Castle County Employees’ Pension Program, based in New Castle, Del., has opted to siphon a Madison Square Investors account in favor of Vanguard's index management.

Foreign dividend stocks and exchange traded funds may be helpful for investors looking for income, but not all foreign companies have histories of dividend increases.

Jack Lew isn’t your average baby boomer.