Mutual funds

Johnson has overseen the $849 million Pimco EqS Long/Short Fund, which takes positions in stocks he selected, since its 2003 inception at his previous firm.

Guggenheim Chief Investment Officer Scott Minerd says U.S. stocks may rally as much as 15% in the rest of the year.

Morgan Stanley and Northern Trust are among those who said this week that yields could set fresh lows in the months ahead

Man Group, the world's biggest publicly traded hedge fund manager, is looking blue after the departure of CEO Emmanuel "Manny" Roman to Pimco.

In his new position, Roman will replace Douglas Hodge, who presided over a tumultuous time that included the departure of Bill Gross and a plunge in assets at the firm.

The asset manager co-founded by Bill Gross has suffered internal turmoil since his departure in 2014.

A class action suit against Fujitsu Technology and Business of America and similar cases alleging fiduciary breaches may signal an oncoming wave of litigation targeting small retirement plans.

As the industry endures market volatility and the onslaught of federal regulations, the search for cost reductions has become vital.

An already brutal year for large-cap managers, with only 18% beating the Russell 1000 Index through June 30, according to research.

The latest to join the digital advice club is Legg Mason, which revealed this month it had taken an 82% stake in robo platform Financial Guard.