Hedge funds

Matrix Wealth Partners, partly owned by Fuld, will complement Matrix Advisors, a consulting firm that Fuld set up after Lehman's 2008 bankruptcy.

Competition is forcing fund companies to deliver "outperformance to their clients in new and innovative ways," says ACSI Funds CEO Phil Bak.

Goldman Sachs has a full suite of services to offer quants after upgrading its technology, according to the partners leading the effort.

Large mutual, pension and hedge funds are chasing better returns in rallying U.S. stock markets thanks to President-elect Donald Trump's pro-growth policies.

Lately the results haven’t been keeping up with the enthusiasm.

While quants represent just a fraction of BlackRock's assets under management, the losses are a setback for CEO Laurence D. Fink.

In December, $2.27 billion was pulled out of SPDR Gold Shares, the world’s largest ETF backed by the metal.

While clients have only pulled a net 2% of assets so far,some have predicted the industry would shrink by roughly a quarter over the next year.

The $1.8 billion Senfina, which allocated money among a group of 11 portfolio managers, lost 6% last month alone.

With the President-elect Donald Trump's policies expected to increase interest rates, hedge funds may soon be put back to work.