Asset managers

Bailard appointed Sonya Thadhani Mughal under a succession plan and a series of moves unveiled by the wealth and fund company.

Investors are pouring money into U.S. listed products as stocks continue to reach all-time highs and the economic recovery heats up.

The acquisition will add $124 billion of European AUM and give Ameriprise access to the Canadian bank’s ESG strategies. It will also initiate a distribution relationship with the Bank of Montreal’s North American wealth management business.

Clients poured about $1.25 billion into the fund in its first day of trading.

The 20 mutual funds in this ranking outpaced broader markets over the past year with an average gain of more than 68%.

Selective bets on undervalued stocks are paying off as unloved value and cyclical strategies fall into favor.

Everything from corporate earnings and inflation expectations to valuation gaps suggest the market rotation has only just begun.

The changes mark a new phase in the tug-of-war between the structures.

Some money managers warn that the optimism is unsustainable as a successful vaccine rollout doesn’t necessarily equate to the return of pre-pandemic life.

The moves come just one day after BlackRock announced reductions on $7.6 billion of its style funds.