Asset managers

Trading patterns suggest organic flows from investors keen to access the firm’s strategies at a relatively low price

The strategy has become the least-loved of the smart beta universe after failing to protect against market swings last year.

Funds at the top have notched triple digit returns in the last year.

Lenders have issued about 50 structured products tied to Ark’s ETFs in the past three months, according to SEC filings.

Known primarily from his decades-long MLB career, Alex Rodriguez is joining a roster of wealthy celebrities backing blank-check companies.

The 20 funds in this ranking carried an average expense ratio of more than twice the broader industry.

The explosive growth in retail day-trading, powered by platforms like Robinhood and forums like wallstreetbets, has turned the old order on its head.

The quant manager has been warning for years that investor objectives are going to be increasingly hard to meet amid “soberingly low” gains.

The top 20 carried an average expense ratio of more than three times the broader industry.

Pressure is mounting for firms to respond to last week’s violence at the Capitol.

Founder Nancy Davis says her recently converted long-only product reflects the direction of travel for the broader asset management industry.

The top 20 to debut last year by total assets include only three products from BlackRock and none from Vanguard or State Street.

The bank allegedly made “hundreds of millions of dollars” by investing client assets in underperforming proprietary and affiliated funds without disclosing conflicts to clients.

Steady inflows showcase the buy-and-hold ethos of the typical Vanguard investor — financial advisors and wealth managers, an expert says.

The firm, which has more than $3 trillion under management, runs dozens of mutual funds and was a pioneer in index investing.

Waddell & Reed had been working in recent years to transform its “proprietary broker-dealer into a fully competitive independent wealth manager.”

Potential customers include hedge funds, crypto miners and over-the-counter trading desks

The scale of the withdrawal indicates that the ETF is both being used by large institutions and a favorite with retail investors, an expert says.

As part of a two-step deal involving Australian investment bank Macquarie Group, LPL will pick up 900 advisors and $63 billion in assets.

Two women employees at the firm’s Newport Beach, California office say they were demoted after reporting instances of bias and harassment.