Finance

The firm launched an asset management unit to manage the product, providing access to the estimated $450 billion digital currency market.

Asset managers already allocated $11 billion to developing new funds to comply with the requirement.

Following criticism for its faulty 2016 election algorithms, the firm appointed a new research director to collaborate with its quants and money managers.

While investors have been won over by the promise of better returns than plain-vanilla funds, issuers can justify charging more for the additional complexity.

Funds managed by Marco “Mick” Hellman sold most of their holdings, while CEO Dan Arnold received options worth $5 million.

CEO Abigail Johnson's estimated net worth grew to $11.2 billion from $8.6 billion last year.

The moves may push some shareholders to rebalance their positions, likely at a cost.

Focus Financial adds a $4 billion wealth management firm to its expanding roster.

The IBD network has retained Goldman Sachs for a structural review that could have major implications.

The firm reported $33.9 billion in redemptions from active funds over the last year.

Managers sold $24.6 billion of the loans in the region last year, the most since the financial crisis.

Pairing a variety of Vanguard bond funds with an S&P 500 fund may help you rethink how to craft the classic 60% equity, 40% bond portfolio.

Anticipating volatility and its implications could make a big difference.

Growth funds have performed best over the past decade, outpacing value funds.

The offerings saw decent demand, given the market is facing a deluge of sales following the recent U.S. debt ceiling suspension.

The company has been in conversations with ETF Securities and Global X, say people familiar with the matter.

The CEO of the firm’s parent says it expects to trim hundreds more advisors from its ranks over coming months.

Advisors should consider how they are preparing for a rising rate environment.

The firm had strong net inflows to its U.S. Income Fund as well as strategies including long duration and income.

Investors in higher-beta credit funds are shunning longer-duration debt following recent equity turmoil.