Capital markets

The bank says it has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy Renaissance Fund.

Any gains on the sale of a property they've held for over a year may be taxed as much as 20%.

Fund managers may be better equipped to weather the market storm than their passive peers because of their ability to quickly cut risk.

The ETF’s debut marks the first big entrant into the zero-cost space with the potential to shake up products from BlackRock, State Street and Vanguard.

Roughly two-thirds of the $1.2 billion contributions to the firm in 2019 came from appreciated assets.

"Asset managers need to be faster and smarter to make the right bets in a fast-changing external environment.”

Passive ETFs are often among the first to feel the pain of investors fleeing risky emerging markets for safer assets.

The asset manager is targeting as much as $1.5 billion in volume annually, up from about $300 million per year about three years ago, the firm says.

Boyle held a variety of roles in his 15-year career with Steve Cohen, starting as director of research and head of equities at SAC Capital Advisors.

Clients blasted the company on social media for not being able to make trades.