Mutual Funds

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Vanguard Stumbles In Pivot From Cult Of Jack Bogle

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Chief Executive Officer Tim Buckley is trying to move beyond parts of the revered founder's playbook.

AIG Says BlackRock Will Manage Up To $150 Billion Of Its Assets

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The insurer is preparing to split off its life and retirement unit.

Judge Rescinds Verdict That Found Pa. RIA Overcharged Clients With 12b-1 Fees

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A jury found Ambassador Advisors overcharged clients by putting them in proprietary mutual fund share classes.

Edward Johnson III, Fund Pioneer At Fidelity, Dies At 91

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Johnson pioneered the sale of mutual funds directly to individual investors rather than through brokers.

Fidelity Launches Business Mimicking Hedge-Fund Strategies

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The new unit is part of Fidelity's push to expand its alternative investment capabilities.

Pay-To-Play Campaign Finance Regulation And Enforcement In 2022

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Now is the time for investment advisors to review their pay-to-play compliance policies and procedures.

Covid's Legacy Will Include Lower Market Returns, Vanguard Chief Economist Says

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The pandemic will create far-reaching financial changes, according to Vanguard's Joseph Davis.

Bridgewater Executive Says Markets Pricing In ‘Magical Scenario'

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History shows that it's difficult to sustain economic expansion during a period of rising interest rates, she said.

Michael Price, Who Saw Value In Companies' Struggles, Dies At 70

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Price boasted one of the best records in mutual fund management in the 1980s and 1990s.

Vanguard Sued For Generating Excess Taxes In Target Date Funds

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Investors with taxable retail accounts allegedly were slammed with "unprecedented" capital gains.

Fund Managers Now See Equity Bear Market In 2008-Like Gloom

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A flurry of headwinds is raising fears that a downturn in equities will continue.

Pimco Veteran Readies For ‘New Neutral' As Rates And Prices Rise

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The Russian invasion stalled the rout in bond markets as investors sought the haven of government debt.

Advisor To Teachers Pays $1.1M Over Billing, 12b-1 Fees

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The SEC found that a Minnesota firm was lacking on disclosures and consistency.

BlackRock Halts Purchases Of Russian Securities Across Funds

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Russian securities account for less than 0.01% of client assets, mostly in index portfolios, the asset manager said.

Capital Group Sees Russian Invasion Raising Recession Risks, Upending Global Economy

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Capital Group's economists and managers see far-reaching consequences in the wake of the Ukraine crisis.

Pimco, BlackRock See Opportunity In Emerging Market Selloff

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Some firms are poised to pounce on buying opportunities after the Russian invasion set off a broad selloff.

BlackRock Is Among Russia Bond Holders Tangled In $15 Billion Rout

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Russian dollar bonds were hammered this week on concern the invasion of Ukraine would incur sweeping sanctions.

The Last Great ETF Holdout Caves As Capital Group Launches Funds

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The company is launching six actively managed exchange-traded funds that are set to debut Thursday.

A New Generation Of Masters Of The Universe

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Indexers have replaced hedge fund managers as the most powerful financial play-makers.

Allianz Hedge Fund Implosion Results In $4.2 Billion Charge

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Allianz, as a result of the one-time charge, posted a 292 million-euro loss for the fourth-quarter.

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