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.
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.
We are in for a prolonged period during which oil trades in the $40 to $50 range and possibly lower.
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.
Advisers could earn more deferred pay, but minimum ticket size for payout on equity trades upped to $125.
With high M&A deal pace set to continue, here's how the most common deal structures could affect advisers
On 4th anniversary of Dodd-Frank, adviser issues remain unresolved as regulators give priority to other more pressing mandatory provisions.
Coming off a 41% rise in quarterly profits in its wealth unit, Wells Fargo could be interested in an acquisition. Mason Braswell reports.
Andrew Bowden, director of the Office of Compliance Inspections and Examinations, will be returning to the private sector.
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.
Nuveen, Russell deals power activity to $16.9 billion in transactions, triple the 2013 level
House Republicans flexed their muscles during the first week of the new session of Congress, setting up a future fight over Social Security funding that will probably take shape in the lame-duck session after the 2016 elections.
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.
