The seven largest fund houses in Boston saw assets under management surge 8% in April, boosted by a revival in the stock and bond markets and renewed faith by investors, who poured $42.1 billion into the funds during the month, the Boston Business Journal reports. The previous month, investors withdrew $6.3 billion.
The biggest gainer was
The largest dollar gains were realized at
Nonetheless, assets of the seven biggest fund companies for the trailing 12 months are still down by $73 billion, or 31%. The group also includes
The biggest loser over the past year ended April 30 was GMO, whose assets fell by 37% to $145.2 billion.