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Cash flow has subsided and market conditions have changed since the fund was closed to most new accounts in 2016.

The five-month-old fund from Tabula Investment Management just became one of the largest of its kind after taking in $68 million last week.

Asset managers and traders who stand to gain bought credit default swaps in the 178-year-old company.

"Asset managers, like many businesses today, are being asked to do more with less," an executive says.

The strategies will invest in corporate bonds and large companies that issue high dividends, or have a growth or value tilt, documents show.

The firms broke with Climate Action 100+, a group of money managers overseeing more than $33 trillion, during this proxy season.

Some accuse index funds of promoting monopolies and distorting markets, among other horrors, but nothing has stemmed the wave of inflows to passive.

Cloning funds and shifting client cash may be Wall Street’s best hope for challenging the dominance of firms like State Street, BlackRock and Vanguard.

It’s official: inexpensive index funds and ETFs have finally eclipsed old-fashioned stock pickers.

The Phillips Curve is in doubt, the bond market is distorted and a tweet can shift the trajectory of global markets in a matter of seconds.