Investment funds

The stock picker, known for beating the S&P 500 Index for 15 straight years when he ran the Legg Mason Value Trust, will buy Legg Mason's stake in LMM, an investment adviser that he and the company jointly own.

While discount pricing can create confusion, these funds can also create opportunities for clients to unlock long-term cash flows.

The increased demand flies in the face of warnings from investors such as Bill Gross and Jeffrey Gundlach that the bond market is in a bubble

Performance demonstrates instruments’ strength and ability to offer protection.

Hedge funds on average rose 1.7% last month, according to Chicago-based Hedge Fund Research, the fifth straight month of gains.

Treasuries and related securities at the Newport Beach, Calif.-based firm accounted for 45.6% of assets, rising from 39.7% in June.

The volatility can be painful, but these funds are often used to diversify portfolios and generate alpha.

Inflows into raw materials slowed to $2.4 billion in July, the least since money was withdrawn in December.

The longstanding notion of the U.S. as a respite from negative yields in Japan and Europe is now little more than an illusion.

Pimco's struggles to contain outflows since the departure of money manager Bill Gross in 2014 are coming to an end.

Investors have once again taken a liking to taxable bond funds — a marked difference from last year. Advisers may find that clients are taking notice, too.

Recent research shows how advisers work and how they like to communicate.

The hedge fund's legal woes, however, have taken a toll on the company's stock, which has fallen about 71% in the past year.

Michael Sonnenfeldt doesn't mince words: "There is no safety in safety," the founder of Tiger 21, a network of "ultra-high-net-worth" investors, said.

Although markets were jolted by The UK’s vote to leave the European Union, one asset manager says it was a good test.

The legendary money manager is losing his No. 2, Kumar Palghat, who will become co-manager of a new Janus Short Duration Income ETF.

Dividend Growth attracted $3 billion over the past six months and its assets have almost doubled over the past three years.

In its asset management business, State Street had net outflows of $35 billion in the quarter.

The firm says second-quarter revenue dropped at its prime finance unit, extending a slump beyond businesses that Germany's largest lender is seeking to exit as client concerns added to volatile markets.

The turn to an outsider marks the latest twist in a struggle to regain footing after a steep decline.