Hedge funds

Blackstone will shutter a mutual fund that allocates money to hedge fund managers following a large redemption by the vehicle’s main backer, Fidelity.

The men "plotted to overcharge their clients by millions of dollars," according to U.S. Attorney Carmen Ortiz in Boston.

A Blackstone mutual fund that allocates money to hedge funds lost almost half of its assets this month as the fund’s biggest backer, Fidelity, slashed its stake.

Last month, hedge funds participated in the fewest number of venture capital rounds in U.S. tech companies since 2013.

Hedge funds that bet on bonds prices falling were caught off guard as individual investors poured money back into junk debt funds in February.

Pimco, BlackRock and Aberdeen Asset Management say they won’t take the Fed’s projections at face value when they’re updated on Wednesday at the end of a two-day policy meeting.

The fixed-income trade is booming at BlackRock and other investment firms, which are capturing a greater amount of activity -- and fees -- with their ballooning credit ETF businesses.

Pimco says investors should move out of government securities and into corporate credit because the U.S. will avoid a recession.

The clearing houses are too important to fail, and the current rules governing their risk management are too lax.

Investors are poised to pull as much as $400 billion from U.S. money market funds that buy commercial paper, predicts JMorgan Chase.