Capital markets

One manager’s new group of funds will launch in collaboration with leading nonprofits.

The long-standing feud between founder Mark Hurley and majority owner Emigrant Bank has reached the boiling point.

A 20% gain sounds good, until you find out the category returned 30%.

The funds raked in a combined $840 million last week despite competitive hurdles banks typically face going up against money managers’ core products.

Advancements in fintech, new products and a shifting regulatory environment are among industry executives' top concerns.

The closure could signal that remaining retail players are short on patience for neutered products.

Data reported by the Investment Company Institute.

Susan Elolampi will be company's latest high-level hire following a dozen appointments in recent months.

Inflows have persisted since the infamous “volpocalypse” in early February.

The firm’s equity-trading business head Ted Pick, promoted to lead its division of investment bankers and traders, is one possible successor.

Investors have found the sector attractive again as Treasury yields dropped to 2.8% in six days.

Total assets of the fund have increased almost 20 times since December.

The asset manager's flows are down 42% year-over-year. The industry: 50%.

The firm allegedly hired and promoted fewer women than men and paid them less than their male counterparts.

As equities in the sector extend a $3.8 trillion rout, the strategy has resulted in annualized returns of as much as 190%.

Treasury yields have fallen in response to tariffs imposed by the Trump administration, making defensive sector holdings more attractive.

The firm plans to expand access to its line of low-cost funds to roughly 1,800, including those from BlackRock, Schwab and SSgA.

Single-day drops are 20% bigger on average than gains, the widest gap in seven decades.

The firm plans to double in size in the next three years.

If approved, the funds will exclude investments in alcohol, tobacco, weapons, fossil fuels and nuclear power.