Some money managers maintain an agnostic approach in their relationship with gun companies.
It’s more bad news for a segment of funds that bet on low or falling volatility.
Staying private allows Fidelity to avoid having to explain quarterly results to a broad audience, Chairman Abigail Johnson said.
The price war indicates brokers want to win over clients to digital investment advice and other fee-based offerings.
Wells Fargo's asset management arm tries to calm institutional investors about a banking scandal.
The report sent State Street stock tumbling as much as 7.5 percent.
The complaint alleges that investors' money was used to cover expenses for a range of luxury items and services.
Putnam will make most of the cuts in its operations and technology areas, it said.
CEO Gerald Hassell did not rule out that the bank could be a buyer in a market that is punishing actively managed funds.
Calvert said it overstated the value of some of its mutual funds and agreed to settle a civil case.
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