Capital markets

Average management fees will be cut 8% on an asset-weighted basis.

The 82-year-old company’s strategy has helped secure net inflows in all but one of the five years through 2018.

Already, the fund has agreed to transactions involving German wind energy project developer PNE and Altice Europe’s Portuguese fiber assets.

Data reported by the Investment Company Institute.

Direct lenders, including hedge funds and buyout firms, are prepared to spend billions to lure borrowers away from the $1.2 trillion leveraged loan market.

In a business increasingly dominated by inexpensive index funds, the young juggernaut succeeded by actually picking good investments.

Despite the exodus, all of the mutual funds and ETFs on the list posted net gains for the year.

The four new types of funds use a so-called proxy basket and will publish some information about their portfolios every day.

Brokerage firms that sell the funds must determine whether clients understand their risks — a requirement that could discourage offering them at all.

As the hedge fund manager nears a deal with the MLB team, he says his role as head of Point72 Asset Management will not change.