Money Management Executive Latest News

Pimco saw assets decline 5.4% in the first quarter as the money manager seeks to staunch client redemptions in the wake of co-founder Bill Gross’s abrupt departure.

If the Financial stability oversight Council was hoping for any kind of consensus on whether and how it should regulate asset management companies, the feedback it has received on its request for comment is likely disappointing.

Blackstone Group LP, the largest manager of alternative assets such as private equity and real estate, doubled first-quarter earnings as assets swelled past $300 billion for the first time.

Bond ETFs have attracted $35.7 billion this year worldwide, on track to exceed the record $84.9 billion placed last year.

U.S. asset-management executives met with international regulators to make the case that their firms don’t pose a risk to global financial stability.

A recent Morningstar evaluation showed portfolio managers investing more than $1 million in their own funds had a significantly higher success rate than those who invested less, or even nothing at all.

Holders of the three biggest U.S. exchange-traded products that follow oil have withdrawn almost $300 million so far in April, leaving the funds poised for their first monthly outflow since September.

Firms still have many managers deep within their benches that have found strategies to deliver significant returns for investors.

Pimco’s Total Return Fund, the world’s largest bond fund with $117.4 billion in assets, has cut way back on its holdings of U.S. securities.

Never heard of James Miles and David Green, the fund’s managers? That’s no surprise. They’re part of a group whose visibility is diminishing fast: famous stock pickers.