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The bank says it has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy Renaissance Fund.

Fund managers may be better equipped to weather the market storm than their passive peers because of their ability to quickly cut risk.

The ETF’s debut marks the first big entrant into the zero-cost space with the potential to shake up products from BlackRock, State Street and Vanguard.

Roughly two-thirds of the $1.2 billion contributions to the firm in 2019 came from appreciated assets.

"Asset managers need to be faster and smarter to make the right bets in a fast-changing external environment.”

Managers who are can differentiate with solid ESG credentials stand to prosper, especially as a younger generation begins saving for investment.

Whether it’s the products they’re developing or the projects they’re leading, the following asset management executives are among the most talented.

The asset manager is targeting as much as $1.5 billion in volume annually, up from about $300 million per year about three years ago, the firm says.

While the sustainable industry accounts for less than 1% of the $20.7 trillion held in U.S. mutual funds and ETFs, the space is growing fast.

Boyle held a variety of roles in his 15-year career with Steve Cohen, starting as director of research and head of equities at SAC Capital Advisors.