Capital markets

The five-month-old fund from Tabula Investment Management just became one of the largest of its kind after taking in $68 million last week.

Asset managers and traders who stand to gain bought credit default swaps in the 178-year-old company.

The strategies will invest in corporate bonds and large companies that issue high dividends, or have a growth or value tilt, documents show.

At 84 basis points, the average expense ratio is over 40 basis points pricier than what investors paid on average last year.

A New York PE firm makes a “significant” investment in the $16.5 billion consolidator.

The annual “evolution revolution” report and an analyst’s overview show how fiduciary advice is reshaping wealth management.

Some accuse index funds of promoting monopolies and distorting markets, among other horrors, but nothing has stemmed the wave of inflows to passive.

Cloning funds and shifting client cash may be Wall Street’s best hope for challenging the dominance of firms like State Street, BlackRock and Vanguard.

Narrowly focused investment strategies are a recipe for “feast or famine,” an analyst says.

Trading venues have clubbed together to attack the latest European effort to curb what they charge clients for data.