Hedge funds

Pimco’s high-yield municipal-bond mutual fund is jockeying for the top returns of 2015 after picking winners among pockets of distress.

Vineer Bhansali is leaving Pimco, where he was a managing director specializing in quantitative portfolios, to start his own investment firm.

"ETFs are just a better mousetrap than a mutual fund,” Kapito said Tuesday at an investment conference sponsored by Goldman Sachs.

If the SEC's newest rules are enacted, open-end mutual funds and ETFs that invest in municipal securities are likely to become more risk-averse in a variety of ways that have implications for issuers and other investors that perhaps have not been fully considered by executives.

BlackRock is winding down a global macro hedge fund after losses and investor redemptions eroded assets.

Professional equity managers -- of mutual funds, pension funds or hedge funds -- use a number of methods to try to beat their benchmark index.

The IMF warns a flood of easy money from the world’s central banks may be masking the risk that bond markets may be starved for liquidity when interest rates increase to normal levels.

TCW’s Metropolitan West Total Return Bond Fund collected more money than any other bond mutual fund in the year following Bill Gross’ sudden departure from Pimco.

Ray Dalio’s $80 billion All Weather fund, designed to produce returns in most economic environments, fell 4 % in August, according to a person with knowledge of the matter.

The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last month through Aug. 28 as bets against commodities and currencies paid off.

Turbulence in financial markets gathered momentum amid intensifying concern over slowing global growth, pushing the Dow Jones Industrial Average into a correction and giving other stock gauges their worst losses since 2011.

Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened.

Access to information and data is important, but having visibility into the timing of key daily, monthly, and yearly deliverables is a greater benefit.

Municipal bond sales in the U.S. are set to decrease in the next month while the amount of redemptions and maturing debt falls.

After riding a market boom to return almost six times the global industry average in the first five months of this year, Greater China-focused hedge funds had their worst month since September 2011.

Most mutual fund managers spread their money across many securities to curb risk, while a handful eschew traditional diversification and load up on a few holdings, convinced the rewards outweigh the dangers.

Warnings of a liquidity crisis in the bond market are a myth created by Wall Street in hopes of repealing regulation, said Krishna Memani, the chief investment officer of OppenheimerFunds.

In a world dominated by institutional investors, hedge funds and service industries, sentiment is as likely to drive prices as anything else, says former Salomon Brothers analyst Laszlo Birinyi.

A New York-based hedge fund manager traveled to Tehran to do scouting work. During a 10-day trip, he liked much of what he saw.

Mutual fund performance is similar to the performance of stocks, a Wharton professor contends. As a company matures and grows, more investors become aware of it, and its share price better reflects its prospects.