Asset managers

Even when the market was climbing to records earlier this year, John Miller’s risk appetite exceeded that of some of his peers.

Proponents have long touted the new structure as a way for the industry to compete with mutual funds.

Sales people are having a hard time marketing new products in isolation, one executive says.

The major issuers of leveraged products, which trade under the ProShares and Direxion trademarks, have each posted inflows of over $2.8 billion this month.

The manager may collect over $4 million per year for managing a separate portfolio of commercial mortgage-backed securities issued by government agencies.

Asset managers may need to reassess the assumption that’s become widely held in recent years: that inflation is dead.

The relief allows funds to obtain cash infusions through collateralized loans until the end of June.

The asset manager will serve “as a third-party vendor to operationalize these purchases and transact with the primary dealers,” the New York Fed said.

In need-for-speed markets lashed by the spreading coronavirus, this breed of rules-based trading is paying off.

With more than $80 billion in combined assets under management, the winners have started out the year with a loss.