Mutual funds

With the reductions, nearly all of the firm’s index funds will have total net expenses lower than comparable Vanguard products.

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.

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.

They’re taking the asset management on themselves in a larger push toward disintermediation, says the firm’s global head of software products.