Capital markets

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

Approval for similar access at competitors such as Schwab and Morgan Stanley’s E-Trade can take days.

The combined company will service $4 trillion in assets and is valued at $1 billion.

Growth, quality and low-volatility stock funds had one of their worst months of flows on record, while those tracking value had one of their best.

The fintech world is expanding at a sometimes breathtaking pace. Much of that growth is driven by venture capital, but how do VCs decide which companies to invest it in--or not? Join Greycroft partner Will Szczerbiak in a discussion with Olugbenga Agboola, the founder and CEO of Flutterwave, the San Francisco-based startup building the largest payments infrastructure in Africa. Guest host James Ledbetter, editor and publisher of the fintech newsletter FIN, will explore these questions: What are VCs looking for in a fintech startup? What are the hottest fintech sectors in 2021? How has the rise in fintech valuations affected the market? Where will growth be strongest in the next few years?

The latest round of financing, following last week’s emergency infusion, suggests its initial public offering hangs in the balance

“This looks like pockets of frothiness, some irrationality undoubtedly, some nonsense undoubtedly," said BlackRock Vice Chairman Philipp Hildebrand.

Reddit users helped fuel a blistering rally in GameStop, the video game retailer, burning short sellers and hedge funds.

The looming threat for Biden’s SEC pick is that the good times could end on his watch, triggering a crash that hits retail investors who’ve contributed to the boom.

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.

The pending nominations send a clear signal that the rule-cutting and lax enforcement the industry has grown accustomed to under President Trump are over.

For investors, Biden represents an attitude shift from the era of Trump, who famously made the Dow a barometer of his success.

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.

Decisions we make during financial crises alter as retirement nears — and not always for the better.