Legg Mason Inc. is firing 62 Batterymarch Financial Management employees as it combines the affiliate with QS Investors, the global quantitative equity firm it's purchasing this year.
Split SEC votes 3-2 to pass rules on money market funds that end four-year struggle to toughen regulations.
Under new rules, prime money funds to float $1 share price, investors to be charged for withdrawals sometimes.
One year after the SEC proposed new protections for money-market mutual funds, support is eroding for the agency's plan to rein in the riskiest of them. Dissent among the five commissioners has raised the possibility that a vote on the proposal, currently targeted for late July, could be delayed.
The ex-wirehouse executive is throwing her weight and her money behind a revived mutual fund that invests in publicly traded companies that have greater numbers of women in management positions, saying values and returns can align when advisers invest in gender diversity.
Robert Reynolds, who built the industry's biggest 401(k) business while at Fidelity Investments, is seeking a reprise
Tit-for-tat with Morningstar leaves DoubleLine Total Return Bond Fund without a rating, but investors can't get enough of it.
<i>Breakfast with Benjamin:</i> What bond investors can learn from Lebron James. Plus: Gold: It all depends on the Fed; commodities as a geopolitical hedge; investing in women; and golf stocks come up short.
In the world of financial market push-me-pull-you, there is nothing quite like the counterintuitive reality of market volatility, which is currently lower than it has been in years. Commonly dubbed the “fear index”, the Chicago Board Options Exchange Volatility Index (VIX) is languishing near its lowest point since 2007. If fear, as measured by volatility, is low, that's a good thing, right? Sort of.
Morningstar survey shows a quarter of advisers look to standard index benchmarks to evaluate 'liquid alts.'
On a major trading day, “passive” fund managers will be active traders as portfolios change.
Majority of investors are confident about picking products, others want help.
Just because the mutual fund industry has been flooding the market with nontraditional bond funds is no reason to jump blindly into the space, according to Eric Jacobson, senior fund analyst and co-head of fixed income at Morningstar Inc.
Buyers of junk bonds are retreating to the market's more obscure securities as the rise of exchange- traded funds fuels concern that such fast-moving cash is exacerbating price swings.
