Asset managers

More than 70% of U.S. ETF assets are in funds that charge 2 basis points or less, data show. But free isn’t an automatic ticket to success.

The asset managers and a U.S. family office collectively bought a 14.4% position in the company ahead of its IPO, a person familiar with the matter says.

The cost savings of peer-to-peer trading could prove appealing in a world where profits are being squeezed by a race to the bottom on fees.

Deviation from the broader market has left more than half of these products with losses during a time the Dow and S&P 500 each posted double-digit gains.

Asset managers and traders who stand to gain bought credit default swaps in the 178-year-old company.

The strategies will invest in corporate bonds and large companies that issue high dividends, or have a growth or value tilt, documents show.

At 84 basis points, the average expense ratio is over 40 basis points pricier than what investors paid on average last year.

The annual “evolution revolution” report and an analyst’s overview show how fiduciary advice is reshaping wealth management.

Cloning funds and shifting client cash may be Wall Street’s best hope for challenging the dominance of firms like State Street, BlackRock and Vanguard.

Narrowly focused investment strategies are a recipe for “feast or famine,” an analyst says.

“What we’re trying to build here is something that stands the test of time,” says Todd Boehly.

Asset manager Millburn Ridgefield is banking on artificial intelligence as it moves further away from its 1970s-era tradition in trend following.

When pitted against the broader market, the top 20 outperformed both the Dow and S&P 500 by more than 5 percentage points.

The only remaining founder of GSO Capital has left to build a family office and find new opportunities to spend the wealth he’s amassed over 35 years.

Asset managers are increasingly seeking new sources of returns as more than a quarter of investment grade bonds experience negative yields.

Asset managers have been on edge as U.S. equity ETFs reported withdrawals of nearly $18 billion in the three weeks ending Friday.

Although the mistake was short-lived and the dollar value small, the mishap raises new questions about how managers monitor indexes.

Angst over the Fed’s decision to lower borrowing costs has seeped into the $3.8 trillion market for municipal bonds.

If approved, the fund would be the first in the U.S. to follow a quantitative approach that allocates across asset classes based on risk.

The underperformance is a rarity for the fund, which has beaten the benchmark for nine of the past 10 years.