Asset managers

One manager’s new group of funds will launch in collaboration with leading nonprofits.

The funds raked in a combined $840 million last week despite competitive hurdles banks typically face going up against money managers’ core products.

Advancements in fintech, new products and a shifting regulatory environment are among industry executives' top concerns.

The closure could signal that remaining retail players are short on patience for neutered products.

Data reported by the Investment Company Institute.

Inflows have persisted since the infamous “volpocalypse” in early February.

Investors have found the sector attractive again as Treasury yields dropped to 2.8% in six days.

Total assets of the fund have increased almost 20 times since December.

The asset manager's flows are down 42% year-over-year. The industry: 50%.

The firm allegedly hired and promoted fewer women than men and paid them less than their male counterparts.