Asset managers

Steady gains made in equity markets last year were "clearly a tailwind,” an expert says.

Fidelity Investments, Invesco and American Century Investments are among those pitching rival visions for ETFs that disclose their holdings like mutual funds.

The promotions positions Jim’s son Nathaniel Simons to assume his father’s role as chairman under a succession plan that began about a decade ago.

Macro funds, which invest in broad global trends, had the biggest disparity.

Once a top-performing fund with assets well over double today’s value, Templeton’s flagship bond fund has been diminished by the march of passive investments.

David Vogel, who spent five years using data to study the impact of global warming, is starting the fund as pensions and large investors increasingly seek ESG investments.

Timely trading in less-heralded semiconductor markers and firms committed to energy without fossil fuels produced a 54% total return last year, data show.

Similar products are stockpiling unprecedented levels of new cash as investors look to alternative assets for growth and income.

Asset managers stand to gain from an SEC-approved ETF structure since “selection of securities is the intellectual property for which they are paid fees.”

It’s the second straight year that Cliff Asness’ quant firm is announcing layoffs.

The fund will track the performance of companies that issue shares directed to either the investing public or the company’s founders and executives.

The firm commission-free platform already included all Vanguard mutual funds and ETFs as well as thousands of third-party funds.

Although passive has steadily lured cash from active, this year assets in indexed equity funds topped those in active stock funds for the first time ever.

Some 225 funds traded for the first time over the past 12 months, down for a second-straight year.

Investors are pulling money at an accelerated pace as high fees and mediocre returns send them searching for yield elsewhere.

Other firms have trod a similar expansion path — and stumbled. Will Laidlaw find its footing?

Average management fees will be cut 8% on an asset-weighted basis.

The 82-year-old company’s strategy has helped secure net inflows in all but one of the five years through 2018.

Already, the fund has agreed to transactions involving German wind energy project developer PNE and Altice Europe’s Portuguese fiber assets.

In a business increasingly dominated by inexpensive index funds, the young juggernaut succeeded by actually picking good investments.