Fund performance

“No one could have envisioned what this virus was going to do to the commercial real estate space,” an expert says.

The $217 billion alternative asset manager reported its biggest loss as a public company in the first quarter.

Investors may be put off by the costs associated with these funds, which had an average expense ratio of more than triple their peers.

Mass exodus from the market has forced managers to dump securities to raise cash, sending prices tumbling the most in at least four decades.

The leaders raked in a combined $949 billion over the past decade.

A “distribution bump” from the commission-free trading trend that took hold late last year may be behind the surge, analysts say.

The manager is still recovering from losses that started in 2015, when his main fund fell 20%, and deepened with a record 34% decline three years later.

The firm had a target of joining the "$1 trillion club." Instead, clients withdrew more than $157 billion from its 2017 merger to the end of last year.

The funds had posted gains over the past decade, but have suffered losses amid this year's coronavirus-driven volatility.

Almost all of the decline reflects performance-related losses rather than client withdrawals, according to a person familiar with the matter.

The $4.9 billion fund has come under close scrutiny as crude’s rapid plunge forced it to quickly shift some of its giant positions on short notice.

"It's now June and if you’ve been on a deserted island for the last five months you couldn’t have fathomed the movements we’ve seen," an expert says.

Wild market swings have given many active managers a rare respite after a decade-long battle against the rise of passive investing.

The decade’s top performers also outpaced broader markets over the short term.

Age-based portfolios were susceptible to market volatility — and some clients have pulled out college savings.

The $4.64 billion fund lost 75% of its value in two months.

The results were “not just predicated on expense ratios,” an expert says.

The State Street fund has climbed 68% since falling to a more than seven-year low in March.

State Street’s stockpile takes up one corner of a vault in a system that stores bullion on behalf of central banks, sovereign wealth funds and others.

“Just because someone’s charging 1% doesn’t mean you should take them off your list,” an expert says.