Special Program Root Tag

BlackRock

Fink’s climate pledge pays off with BlackRock’s green ETF adding record cash

The firm now plans to integrate sustainability criteria into portfolio construction and exit investments with high risks from ESG-related issues.

January 17

Larry Fink, chairman and chief executive officer of BlackRock Financial Management, speaks during the One Planet Summit in New York, U.S., on Wednesday, Sept. 26, 2018.

Fund performance

Worst bond fund returns of 2019

Nearly all of the fixed-income funds held short term debt.

By Andrew Shilling

January 15

Fidelity

Fidelity’s $1T fixed-income head is retiring

Assets under management at Nancy Prior’s group, which includes bond and money market funds, have grown from $714 billion under her leadership.

January 15

Asset management

Nontransparency may be a game changer for the fund industry

The SEC-approved ETF strategy protects “the intellectual alpha of active managers.”

By Rebecca Stropoli

January 14

After the SEC approved the first-ever nontranparent ETF from American Century last year, a wave of greenlights followed for firms including T. Rowe Price, Natixis and Fidelity.

Hedge funds

Quant trader seeks $1.5B for climate-change hedge fund

David Vogel, who spent five years using data to study the impact of global warming, is starting the fund as pensions and large investors increasingly seek ESG investments.

January 14

The Voloridge Sustainability Fund will focus on companies affected by events such as floods, fires and natural disasters; firms that invest in efficient technologies; and electric-car makers and their suppliers, according to a person familiar with the matter.

Divorce

Divorcing clients? Here's how to split an IRA

This rise of the so-called grey divorce has created a number of uncommon and complex issues for retirement accounts.

By Jeffrey Levine

January 14

Mutual funds

Voices: Best mutual fund of 2019 relied on under-the-radar tech

Timely trading in less-heralded semiconductor markers and firms committed to energy without fossil fuels produced a 54% total return last year, data show.

By Matthew Winkler

January 13

Taiwan Semiconductor Manufacturing, which is SMH’s biggest holding, tumbled last week after it forecast revenue below analysts’ estimates.

Asset managers

AMP Capital surpasses $3B fundraising target for new global infrastructure fund

Similar products are stockpiling unprecedented levels of new cash as investors look to alternative assets for growth and income.

January 13

In 2019, infrastructure funds collectively amassed a record $98 billion, taking the industry to $212 billion of so-called dry powder, according to Preqin data.

Asset managers

Nontransparency may be game changer

Asset managers stand to gain from an SEC-approved ETF structure since “selection of securities is the intellectual property for which they are paid fees.”

January 10

VoicesMy Plan B for retiring as an advisor

A succession strategy doesn't have to be set in stone, writes columnist Carolyn McClanahan.

January 10

Carolyn McClanahan

Director of Planning

Life Planning Partners