Banco Popular de Puerto Rico

Funds advised by Katie Koch, whose firm has about $1.8 trillion under supervision, are beating their benchmarks at an 80% rate in 2020.

BofA joins rival banks in setting aside billions for loan losses

While the central bank’s support may help keep credit flowing amid the coronavirus, “it doesn’t necessarily improve the outlook for bankruptcies.”

The firm’s chief investment officer spent as much as a third of that on high-yield funds, according to people with knowledge of the matter.

The online brokerage says it has experienced record revenue growth during the coronavirus pandemic.

CEO Larry Fink announced a new focus on ESG in January, however the coronavirus has pushed a separate set of urgent issues into the forefront.

Risk assets have benefited from stimulus programs enacted to shore up the economy as the fallout from the coronavirus continues to wreak havoc.

The poor showing may lead investors to question why they’re paying some of the highest fees in the money management industry.

The firm expects a second wave of opportunities, particularly in commercial mortgage-backed securities and collateralized loan obligations.

The setback for the hedge fund, which slid as much as 14% in the first quarter, is another example of the turmoil wrought by the coronavirus.