Banco Popular de Puerto Rico

Firms had problems related to equities, options and cryptocurrency trading as well as slow websites and mobile apps.

Ray Dalio’s $138 billion asset manager has tweaked its version of the strategy as yields hit historic lows, a person familiar with the matter says.

Funds focused on the sector lost more than $2.4 billion in August, the most since 2016.

Hundreds of strategies that outperformed in backtesting are failing to live up to their hype once they are packaged up and sold as ETFs, a study finds.

JPST, which tracks investment-grade securities maturing in a year or less, has attracted over $3.7 billion in flows this year.

After an SEC lawsuit, Dan Kamensky now faces criminal charges including securities fraud, extortion and obstruction of justice.

Funds that buy debt backing sustainability matters grew 12% from the end of 2019 globally, reaching a record $209.5 billion of assets, data show.

While most of the issues were resolved by midday, the interruptions sent a shudder across Wall Street.

The decisions entrench a prolonged decline for prime funds, and could hurt a market that thousands of companies rely on for funding.

Investors are placing their bets on value funds after the category posted its worst quarter this century in the wake of the coronavirus pandemic.