Mutual funds

Blackstone will shutter a mutual fund that allocates money to hedge fund managers following a large redemption by the vehicle’s main backer, Fidelity.

“We are at a point now where every manager, whether in fixed income or equity, has to show value for the fees they are charging,” says one consultant.

The Labor Department finalized an amended version of its fiduciary rule, providing wealth management firms a lengthier timeline for implementation as well as more relaxed requirements for the best interest contract exemption.

ETFs that invest in fixed income attracted record deposits in the first quarter.

Misguided assumptions among emerging-market bears have created investment opportunities after years of disappointing returns for the asset class, a Capital Group manager says.

The men "plotted to overcharge their clients by millions of dollars," according to U.S. Attorney Carmen Ortiz in Boston.

The central claim in Gross' lawsuit against his former employer is challenged.

Forty-four percent of parents said they had used retirement savings to fund non-emergencies in the past two years.

Transamerica will be offering smart beta ETFs from BlackRock.

While the majority are invested in company 401(k)s, only half have an IRA account outside of work accounts.