Asset managers

The bank says it has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy Renaissance Fund.

Fund managers may be better equipped to weather the market storm than their passive peers because of their ability to quickly cut risk.

The ETF’s debut marks the first big entrant into the zero-cost space with the potential to shake up products from BlackRock, State Street and Vanguard.

"Asset managers need to be faster and smarter to make the right bets in a fast-changing external environment.”

The asset manager is targeting as much as $1.5 billion in volume annually, up from about $300 million per year about three years ago, the firm says.

Boyle held a variety of roles in his 15-year career with Steve Cohen, starting as director of research and head of equities at SAC Capital Advisors.

As proxy season nears, concerns grow around whether the manager is equipped to probe the companies in its funds to a more environmentally friendly line.

Broad-basket commodity sector funds, as well as those long on oil, natural gas and precious metals, accounted for more than half of the laggards.

Both firms have lower advisor headcounts, higher productivity and relocation plans — but Blucora's acquisitions have boosted its wealth management business.

Fee wars among asset managers are having small, but notable impacts across the industry and prompting renewed focus on core business.

The $180 billion asset manager is moving ahead with plans for actively-managed ETFs that disclose their holdings like mutual funds.

The asset manager was stuck at $700 billion in AUM for 18 months. Faced with a grim reality, Franklin made the obvious move: It got bigger in a hurry.

The nearly $4.5 billion deal is another case of consolidation in the industry, as firms grapple with falling fees and the rising challenge from managers of index-tracking funds.

The BlackRock fund recorded its largest one-day outflow in five years as the sector becomes a political lightening rod for Republicans and Democrats alike.

Although roughly 40% of the actively managed industry beat their indexes, the worst-performers eked out an average gain of just 1.07%.

It’s the best debut for any U.S. ETF this year, and a sign it’s not the only firm that sees potential in the sector.

The federal judge said he would have sentenced the firm’s former chief executive to a year but gave him “a discount” for his extensive philanthropy.

Geospatial data may assist the muni industry with monitoring the economic impact of wildfires or natural disasters, an expert says.

The firm is testing a new robot designed to execute corporate-bond trades directly with bots at dealer counterparties.

The green investing movement has totaled at least $30.7 trillion of funds held in sustainable or green investments in 2018, up 34% from 2016, data show.