Mutual funds

Aberdeen Asset Management agreed to buy Arden Asset Management to expand its hedge-fund business.

The billions of dollars in new capital from mutual funds into startups are largely responsible for skyrocketing valuations, fewer initial public offerings and talk of a bubble.

Pimco said regulators are considering taking action against the firm over marking of securities in the exchange-traded fund version of its flagship Total Return Fund.

In the past 12 months investors traded $18.2 trillion worth of ETF shares, according to data from the NYSE and Bloomberg. That means the amount of dollars exchanging hands through ETFs is now more than the U.S. GDP, which stands at $17.4 trillion.

'Shark Tank's' Kevin O'Leary assumed the starter role for his own venture into ETFs this month, partnering with FTSE Russell to launch the O'Shares FTSE US Quality Dividend ETF, the first in a series of five smart beta funds.

Goldman Sachs Asset Management is starting two money market funds and making changes to two others to comply with stricter rules for funds that offer a stable $1 net asset value.

Bond dealers are standardizing methods for analyzing fixed-income exchange-traded funds as they seek to boost trading.

Asset management industry critics of the Department of Labor's fiduciary initiative issued a torrent of comments blasting the proposed regulation as costly, unworkable and harmful to low- and middle-income investors.

The world's biggest money managers are staking a claim in the surging market for stock and bond ETFs that strip out currency risk.

Janus fell by the most in more than a month as investor flows slowed in the second quarter and profit trailed some analysts’ expectations.