S&P

Why? Three other competitors have an astounding 95.8% of market share.

The hedge fund he founded, Appaloosa Management, has returned 25% a year since inception in 1993.

One theory for underperformance has been the long steady gains in markets since the financial crisis.

Hedge funds are under pressure to justify their fees as bond indexes extend gains.

While a broad-market stock ETF generates fees of as little as 20 cents for every $1,000 invested, AI products range from $1.80 to $8.

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.

In today’s age of data and algorithms, the underpinnings of human-led investment philosophies are in question.

Since the financial crisis, many managers pivoted from making money to playing defense.

SPIKES, a product from MIAX Options, is being pitched as a lower-cost alternative.

The pessimism is especially unusual given that the group’s asset flows haven’t moved opposite the market in more than a decade.