Special Program Root Tag

What's Keeping Fund Managers Up at Night?

Blackstone Group LP, the biggest manager of alternative assets, posted record fourth-quarter earnings as it sold real estate and private-equity investments at a profit. The shares rose the most in a year.

Pacific Investment Management Co., the world’s largest bond manager, expects speculative-grade bond investors to largely collect the coupons paid by the debt in 2014 after an average 20% gain in the last five years.

U.S. stocks rose from a two-month low while Treasuries and gold fell as data showed rising consumer spending and corporate earnings beat estimates.

The iShares MSCI Emerging Markets Index exchange-traded fund fell to a five-month low as an increase in interest rates from Turkey to South Africa failed to prop up currencies. Russia’s ruble slumped to a record low.

The head of the U.S. Treasury Department’s financial research arm defended a report on asset managers that was criticized by the industry as flawed and inadequate.

Puerto Rico debt is rallying the most in two years, even under the threat of a cut to junk, as the commonwealth prepares to sell bonds for the first time since August.

Pacific Investment Management Co., the world’s biggest bond manager, plans to start 19 actively managed exchange-traded funds as co-founder Bill Gross further diversifies the firm following Chief Executive Officer Mohamed El-Erian’s resignation last week.

U.S. banking regulators are crowding out the Securities and Exchange Commission on money-market mutual fund rules and other decisions that affect how capital markets are overseen, a top securities regulator said today.

Discovery Capital Management LLC, the $15 billion macro-economic hedge fund run by Rob Citrone, is betting on a strengthening economy in Mexico, echoing comments from money managers including Laurence D. Fink’s BlackRock Inc. and Bill Gross’s Pacific Investment Management Co.

Rethinking Risk

Mutual Fund Fears Drive ETF Growth

Hedge Fund Replicators

While as fund managers you may not want index clones, some active funds have lagged peers and incur risks from big sector positions.

While Mohamed El-Erian, heir apparent to Pimco co-founder Bill Gross, did not give a reason for his recent departure, the shakeup provides insightful glimpses into the industry for mutual fund and ETF managers.

Gross Says Pimco to Appoint Deputy CIOs as El-Erian Quits

BlackRock Lawyer Criticizes Government Mortgage-Loan Settlements

Emerging-Market Stocks Advance on China as Ukraine Bonds Tumble

Smart Money Wants Mediocre BBB Instead of Top Grade: Muni Credit

Mohamed El-Erian, widely viewed as the successor to Pimco’s Bill Gross, resigned after six years as the firm struggles to stem record redemptions from the world’s largest bond fund.