State Street Corp., the second-biggest provider of exchange-traded funds, plans to introduce actively managed Systematic Core Equity, Growth Equity and Value Equity ETFs.
Stan Druckenmiller, one of the top-performing money managers of the past three decades, discovered a hard truth when he started investing in other hedge funds: Most don't treat their clients fairly, he said.
T. Rowe Price Group Inc., the asset manager that posted has a profit every quarter since going public in 1986, rose the most in more than two years after fourth-quarter profit increased 24%.
<i>Breakfast with Benjamin:</i> Fed tapering, Apple's dismal results, an emerging markets opportunity, and why even the Winklevoss twins are distancing themselves from Bitcoin.
BlackRock Frontiers Investment Trust Plc, a $297 million frontier markets equity fund, said it returned 33% last year and expects attractive investment opportunities this year including initial public offerings.
International investors are the most upbeat about the global economy than at any time in almost five years, buoyed by the U.S.-led revival of industrial nations, according to the Bloomberg Global Poll.
Bond mutual funds in the U.S. posted record investor redemptions of $80 billion in 2013 as investors fled fixed income in anticipation that interest rates will rise further.
Wells Fargo & Co. has agreed to sell more than 40% of its insurance brokerage locations to focus bricks-and-mortar operations on higher-growth regions and bigger clients.
International investors are the most upbeat about the global economy than at any time in almost five years
Rising Treasury yields and the biggest equity market rally in 16 years are leading one measure of stock valuations to the most bearish level since 2011.
