Fidelity Investments, the second- largest U.S. mutual fund company, reported a 13% increase in operating income last year as the rally in equities boosted assets.
It took Abigail Johnson 25 years to take charge at Fidelity Investments, the money manager controlled by her father. As she picks a new head for the firm's asset-management unit, her choice is likely to be a company veteran who rose through the ranks like she did.
Study shows usage rose 27% annually over five years as hype has grown.
As strategists warned of calamity, investors dropped $3B a week into emerging-market funds.
<i>Friday's menu:</i> Gold rides high on the taper effect, playing smart defense with a wide-moat ETF, blaming cold weather in February, stirring the income inequality pot, why you should complete your LinkedIn profile, and the SEC shows some love.
While emerging-market equities trade at the biggest valuation discount versus advanced-nation stocks since 2006, investors are concerned that slowing economic growth and reduced Federal Reserve stimulus will lead to more losses.
Asset management industry thriving despite recession, study shows.
Goldman Sachs' first closed-end fund IPO had a sterling debut, raising hopes for a rebound in the sector. The fund benefited from the combination of brand appeal and the focus on master limited partnerships, which have been a hot asset class.
Asset manager is the country's largest debtholder; growing violence spurs unprecedented losses.
Dennis Stattman, manager of BlackRock's global allocation fund, has made advisers look smart and has kept clients happy thanks to 25 years of outperformance.
Natural-gas prices spike up, but experts warn that opportunity is only short-term.
Advisers could benefit as retail investors load up on alts.
Six new liquid alternatives funds are part of firm's effort to help advisers handle risk.
Will launch two '40 Act funds to lure financial adviser business
Nicholas Schorsch's RCS Capital acquires liquid alts firm Hatteras Funds, giving the real estate mogul the potential to widen the distribution of his growing lineup of investment products.
Fund's go-anywhere mandate may be its silver lining.
Dealing with fractional shares proved to be tricky, but firm thinks it has the problem solved.
The biggest exchange-traded fund tracking the $3.7 trillion municipal bond market is selling at the highest premium to the value of its assets since May, an early sign that local debt may avoid a second year of losses.
WisdomTree Investments and State Street Global Advisors wasted no time getting ready to launch exchange-traded funds that will track the U.S. Treasury's latest innovation: floating-rate Treasuries.
