Capital markets

It’s the second straight year that Cliff Asness’ quant firm is announcing layoffs.

The $6 billion fund saw almost 3 million shares hit the tape after DoubleLine’s CEO touted its potential for retirees in his annual markets webcast.

It was the biggest annual leap for strategies focused on corporate or government debt since 2014, boosting assets to more than $800 billion, data show.

From closed-end funds to Reg BI, here's what could be playing out this year.

The fund will track the performance of companies that issue shares directed to either the investing public or the company’s founders and executives.

ETFs tracking themes — such as robotics, blockchain and cannabis — closed the year just 1% higher than where it started.

The firm commission-free platform already included all Vanguard mutual funds and ETFs as well as thousands of third-party funds.

Although passive has steadily lured cash from active, this year assets in indexed equity funds topped those in active stock funds for the first time ever.

Some 225 funds traded for the first time over the past 12 months, down for a second-straight year.

Investors are pulling money at an accelerated pace as high fees and mediocre returns send them searching for yield elsewhere.

Other firms have trod a similar expansion path — and stumbled. Will Laidlaw find its footing?

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.