Finance

Some 225 funds traded for the first time over the past 12 months, down for a second-straight year.

Investors are pulling money at an accelerated pace as high fees and mediocre returns send them searching for yield elsewhere.

Other firms have trod a similar expansion path — and stumbled. Will Laidlaw find its footing?

Average management fees will be cut 8% on an asset-weighted basis.

It’s easier — and more lucrative — for financial firms to pander to clients’ worst instincts than help subdue them.

The 82-year-old company’s strategy has helped secure net inflows in all but one of the five years through 2018.

Already, the fund has agreed to transactions involving German wind energy project developer PNE and Altice Europe’s Portuguese fiber assets.

Data reported by the Investment Company Institute.

Direct lenders, including hedge funds and buyout firms, are prepared to spend billions to lure borrowers away from the $1.2 trillion leveraged loan market.

In a business increasingly dominated by inexpensive index funds, the young juggernaut succeeded by actually picking good investments.