Banco Popular de Puerto Rico

Portfolios constructed with companies betting on industrial and social transformations are besting rivals.

The onetime king of the bond market doesn’t blame his personal ordeals for poor investment decisions; in fact, he says, they probably made him better.

The development is part of an intensifying price war and focuses more attention on the specter of zero-fee funds.

“The more ties you cut, the better — auditors like to see a moving van and an itemized list of what was moved,” one lawyer says.

The renamed Janus Henderson Absolute Return Income Opportunities Fund reflects a “team entity, not a single manager,” new lead manager Nick Maroutsos says.

Outperformance has been driven in part by a push among investors to cut their tax bills after new limits were set on state and local deductions.

The deal to add ready-made packages of funds to the firm’s asset management arm is expected to close in the first half of the year.

After expanding into a $7 trillion industry, index funds are facing slower asset growth and declining fee revenue.

The purchase will add to one of the asset manager’s key businesses, Aladdin.

The sector has seen an inflow surge in recent months as Treasury yields continue to fall.