Investment funds

With double-digit annualized returns produced by nearly all of these funds, the ranking illustrates the broader trend toward passive investing.

The hedge fund he founded, Appaloosa Management, has returned 25% a year since inception in 1993.

Years of trial and error and research behind the scenes and continuing client-facing education resulted in the portfolio-mix sweet spot.

Although the firm sees risk parity as a way to compliment holdings of its biggest customers, critics see a volatile fund that has underperformed.

After his record $2.3 billion purchase of the Carolina Panthers, some clients became concerned the demands of owning an NFL team might be too distracting.

The billions of dollars that have flooded the state and local debt market this year have only heightened the craving.

The top 20 collected nearly $1 trillion in combined assets.

Nearly all posted losses over the last year.

Most Capital Group portfolio managers have at least $1 million of their own money in their funds.

More money has been pulled from hedge funds than added over the past four quarters, while ETFs reeled in $312 billion last year.