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Almost all of the decline reflects performance-related losses rather than client withdrawals, according to a person familiar with the matter.
June 16
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As asset managers launch funds with this new structure, lack of familiarity may hinder advisors’ adoption of them.
June 12
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While small deals are likely, CEO James Gorman said he’d be reluctant to take on a large-scale acquisition
June 10
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"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.
June 10
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Wild market swings have given many active managers a rare respite after a decade-long battle against the rise of passive investing.
June 5
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It’s the regulator’s largest restitution order this year.
June 4
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The decade’s top performers also outpaced broader markets over the short term.
June 3
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Evenings on the town are being replaced with conference calls, online concerts and care packages.
June 3
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Don’t expect significant changes anytime soon to longstanding complaints about conflicts of interest in the “issuer pay” model of the ratings business.
June 3
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The results were “not just predicated on expense ratios,” an expert says.
May 27
