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The firm had a target of joining the "$1 trillion club." Instead, clients withdrew more than $157 billion from its 2017 merger to the end of last year.

Speculative investors bought a net 206,227 S&P 500 E-mini contracts in the week to June 23, the most since 2007.

Leveraging big data, machine learning and artificial intelligence will extend stock selection beyond its current capabilities, according to Procure Holdings President Bob Tull.

Almost all of the decline reflects performance-related losses rather than client withdrawals, according to a person familiar with the matter.

Don’t expect significant changes anytime soon to longstanding complaints about conflicts of interest in the “issuer pay” model of the ratings business.

The $4.64 billion fund lost 75% of its value in two months.

The State Street fund has climbed 68% since falling to a more than seven-year low in March.

As big banks adopt off-the-rack approaches to reopening skyscrapers to armies of employees, the asset management industry’s solutions are much more bespoke.

One French trade group reports that the country’s managers reduced research budgets by as much as 75% between 2017 and 2019.

Withdrawals this year have equaled almost half of last year’s inflows, leaving Pimco with net outflows of $46.8 billion in the first quarter.

The purchase comes as active asset managers feel intensifying pressure to bulk up as they face stiff competition from passive and index-tracking funds.

The combined fund, expected to finalize later this year, will retain the Windsor name and continue to focus on large- and mid-cap value stocks.

Citadel Securities is humming at record pace as the coronavirus upends finance, moving dozens of employees and their families to a work-from-resort bubble.

Standard General accused Tusk Strategies of “blanketing the media with false and misleading proxy materials” on behalf of a “secret client.”