PIMCO is planning to build active equity management capability, possibly by lifting an existing team from a rival firm, according to sources familiar with the company.
Billionaire investor Carl Icahn offered a $6 billion lifeline to struggling lender CIT Group Inc., one of America's largest lenders to small and mid-sized companies.
So much for having some skin in the game. While investors typically like to see that mutual fund managers are eating a bit of their own cooking and investing in the funds they run, it turns out that the majority of fund managers actually do not have a single dollar of their personal assets in their funds.
Mutual fund fees have no effect on shareholder returns, according to research from D. Bruce Johnsen, a professor at George Mason University School of Law.
Cash flowing into mutual funds — particularly bond funds — at a record pace is a welcome turn of events for the fund industry, but it could end up hurting fund companies to the extent that flows are the result of investors' chasing returns.
Many firms, including Pimco, Russell Investments and John Hancock, are planning or discussing the addition of guarantees to their mutual funds to provide scared investors with a floor on their investments, but advisers are skeptical about such promises.
One REIT sponsor attracting attention recently from independent broker-dealers is The Inland Real Estate Group of Companies Inc., which sponsors five publicly traded and non-traded REITs.
Target date fund investors may be happy with their plans — but they don't seem to be using them properly, according to a new study by AllianceBernstein LP.
Federal authorities have arrested six people in a hedge fund insider trading case that they say led to $20 million in illegal profits.
With the stock market rallying for nearly eight months, it might be easy to overlook the opportunities in the credit markets, according to Kristin Ceva, head of global fixed-income investing at Payden & Rygel.
Embracing the stock market's seven-month rally comes with some mixed emotions for Rodney Johnson, manager of the Dent Tactical ETF (DENT).
If money market funds experience another run similar to the one that happened in September 2008, the money fund industry is unlikely to survive in its current form, according to an SEC official who has done extensive work on money fund regulation.
Two former Bear Stearns hedge fund managers are on trial in one of the few criminal cases brought against Wall Street executives in connection with the collapse of the housing market.
While the third quarter proved to be a big comeback month for inflows into open-ended mutual funds overall, one mutual fund behemoth continued to bleed assets, according to a report today from Morningstar Inc.
Mutual fund fees have no effect on shareholder returns, according to research from D. Bruce Johnsen, a professor at George Mason University School of Law.
Lionel Pincus, founder and chairman of New York-based private equity firm Warburg Pincus, has died, according to a spokesman for his longtime partner, Princess Firyal of Jordan. He was 78.
The dismal recent performance by the endowment funds of several Ivy League universities has dimmed the luster of the funds' managers.
High-yield bonds have given stocks a run for investors' money this year, and a tepid U.S. economic recovery could keep institutional money flowing to that corner of the credit market, according to some market watchers.
It has gotten easier for corporations to issue bonds, but it is still mighty expensive for companies with outstanding debt that don't have a great credit rating.
