Billionaire fund manager and family hold shares worth $739 million.
The former Bond King invested more than $700 million of his own money in his unconstrained bond fund, according to Janus Capital Group CEO Dick Weil. The news sparked a rally in Janus shares.
Although it took until October for the Fed to wind down its bond buying, markets had a radically different reaction than had been forecast: Bonds rose in value.
American Beacon signs on to structure that combines aspects of mutual funds and ETFs.
Starting her debut hedge fund without a staff of analysts to help choose investments and relying too much on one investor's money helped lead the star analyst astray, according to a person with direct knowledge of her firm. Now, her office in New York is on the market, her two top executives left and the fund tied to Platt's BlueCrest Capital Management sued in Bermuda last month to get its $46 million back.
The flagship fund, which suffered heavy withdrawals last year, failed to meet ex-boss Bill Gross' forecast that it would be on top by the end of 2014, recording a second-straight year of trailing most of its peers. The fund is poised to benefit from rising rates in 2015.
Industry colleagues, from Hank Greenberg to Don Marron, recall the former MetLife, AIG CEO, who passed away at 70 Friday after a battle with cancer.
DOL tip in 2013 prompts plans to take a look at how the funds fit.
Barbell approach can help advisers manage through the volatile first quarter earnings season without ditching stocks altogether.
Pimco named Marc Seidner as lead manager of the Pimco Unconstrained Bond Fund as Saumil Parikh leaves the firm, the first high-profile departure since the surprise exit of co-founder Bill Gross.
Broad support for Chair Yellen's assessment of likely timing, some officials concerned inflation could remain too low.
As dollars in funds top $2 trillion, managers ready exotic products for a new market environment.
Indexed annuities continue to be popular, and Jackson National continues to dominate VA sales.
Team goes to rival Griffin Capital Securities after disappointing month.
Unexpectedly good U.S. economic news and fresh actions by central banks pushed local indexes to new records in the fourth quarter.
On Friday's <i>Breakfast with Benjamin</i>, average compensation at hedge funds remains gaudy, even with performance down. Plus: Smart beta takes another step out of the shadows, the right way to clean up your portfolio, and the new Congress sets the tone by taking an early swipe at Obamacare.
Financial advisers aren't exactly shrugging off the recent bout of stock market volatility that has ushered in the New Year, but they're also not ready to call it the start of a much larger pullback that should be addressed with portfolio adjustments.
The REIT czar resigned from American Realty Capital Properties, which has lost more than a quarter of its value since <a href="//www.investmentnews.com/article/20141029/FREE/141029916/schorschs-american-realty-capital-discloses-serious-accounting"" target=""_blank"" rel="noopener noreferrer">disclosing accounting errors.</a>
Incoming Senate finance chairman Orrin Hatch says retirement vehicles are the 'greatest wealth creator' for the middle class, and shouldn't be part of tax reform.
Fundraising for American Realty Capital REITs declined 58% last month while Cole Capital suffered an 81% falloff in the wake of an accounting scandal. <i>(See also: <a href="//www.investmentnews.com/article/20141208/FREE/141209911/st-nicholas-puts-holidays-on-ice"" target=""_blank"" rel="noopener noreferrer">St. Nicholas puts holidays on ice</a>)</i>