Bruce Berkowitz, whose $8 billion Fairholme Fund is suffering its second-worst year on record because of bad bets on financial firms, may have lost about $180 million today on Sears Holdings Corp.
Bruce Berkowitz, suffering from redemptions after loading the Fairholme Fund with financial stocks, sold his stakes in Goldman Sachs Group Inc. and Morgan Stanley while keeping Citigroup Inc. and Bank of America Corp.
Asset managers that provide investments and nothing else may feel pricing pressure from index funds, plans sponsors
Funds ranked by net outflows, and include total assets and outflows as a percentage of total assets.
The Supreme Court today ruled in favor of the mutual fund industry in a case involving responsibility for statements made in prospectuses. A big deal? SIFMA said a decision for the plaintiffis would have caused 'crippling uncertainty' in the securities market.
ETFs keep growing, underscoring the importance of exactly how they are bought and sold.
The question: Are such puny yields worth it when money isn't FDIC-insured?
Given the months of controversy surrounding his role as an activist investor with The St. Joe Co., a real estate developer, iconic fund manager Bruce Berkowitz isn't so sure that he wants to play that part again.
There's no need for shareholders of DWS Investments' mutual funds to rush to the exits.
Scottrade is celebrating the first birthday of its FocusShares exchange-traded funds with a big marketing push.
A team that manages three mutual funds for Milwaukee-based Artisan Partners LP was named 2011 domestic stock manager of the year by Morningstar Inc.
New fund likely to attract price-conscious clients; 'seminal moment'
Data shows investment managers embracing passive funds with a passion; low fees a big draw
Morningstar tabs managers at Sequoia Fund, Janus Overseas and Templeton Global Bond for 'exceptional performance' in 2010
