Despite customer withdrawals, money managers at T. Rowe, Janus report profits for the period.
The Bond King misjudged the timing and impact of the Fed's plan to cut back its asset purchases, sending Pimco's flagship fund to its biggest drop in almost two decades. The call rippled out to other big Pimco funds.
Pimco's co-chief investment officer Mohamed El-Erian will be taking the reins of the firm's $3 billion multi-asset fund that has underperformed since its launch in 2008. That should help - the fund is based on a book he wrote.
Mutual fund giant seeing fees, assets decline but 401(k) business strong
Economists say initial cut sets the mold as Bernanke emphasizes flexibility.
Long-awaited first step in program to cut back monthly purchases to support recovery
From futures to derivatives, traders don't see the Federal Reserve raising its benchmark interest rate from a record low until nine months after policymakers end their monthly bond purchases of $85 billion, or late 2015.
Many gold-mining exchange-traded funds are down big but assets are up, so what gives?
Brokerage firm set aside $1.2B in fourth quarter for litigation, misses return on equity goal.
Betting against Treasuries risky, caution needed with funds buying junk bonds, shorting government debt
