Advocates of a universal fiduciary standard of care for all advisers and brokers are hoping that the recent insider trading probe will help their cause.
Officials at the Securities and Exchange Commission are considering setting limits on computer-trading algorithms — and may choose to require broker-dealers to monitor their orders — in the wake of the May 6 flash crash.
In an attempt to help advisers and plan sponsors comply with new fee disclosure rules — and get in front of looming 12(b)-1 reform — J.P. Morgan Asset Management last week introduced a share class for 401(k)s that is free of 12(b)-1 fees
Gundlach & Co. launching fund with load shares, a first for firm
Like a lot of firms, Russell Investment has been waiting a long time for the SEC to approve its request to launch an actively managed exchange-traded fund. Today, Russell took the bull by the horns, purchasing U.S. One -- and with it, the RIA's actively managed ETF.
Judge rules in favor of only fund firm that refused to settle class action; 'last man standing'
DoubleLine Capital is launching three fixed-income mutual funds, according to the company's filing with the SEC.
Ronald R. Redell left his post as president and CEO of the TCW Funds Inc. and TCW Strategic Income Fund Inc. to run the fixed-income mutual fund operation at DoubleLine LLC, according to a news release.
Jeffrey Gundlach, ousted early this month as chief investment officer of TCW, announced today he has established a strategic relationship with Oaktree Capital Management LP in which Oaktree will help his new firm, DoubleLine LLC, establish its own operational infrastructure.
The SEC should move with haste to revamp 12(b)-1 fees
Don't hold your breath waiting for changes in mutual fund marketing fees.
Confluence will audit data through Oct. 29; 'the year of transparency'
Index specialist's cheaper funds gaining fast on BlackRock, State Street; 'hard pill to swallow'
BlackRock Inc. is losing its tight grip on the $927 billion U.S. ETF market — potentially costing the company hundreds of millions of dollars in revenue — and the competition is just starting to heat up
Financial advisers and mutual fund executives are increasingly worried that the latest insider trading probe will result in regulations limiting how active fund managers are allowed to use outside research, hurting returns and prompting investors to flock to index funds.
Wellington Management Co. LLP issued a statement Friday saying it had been told it isn't a target in the current insider trading probe, despite having received a subpoena last week as part of the investigation.
The Vanguard Group Inc. is looking to expand its non-U.S. exchange-traded-fund business in the next five years. Specifically, the firm intends to enter Hong Kong and Canada next year, said F. William McNabb II, president and CEO.
News of a federal investigation reportedly probing mutual fund companies, broker-dealers and consultants — as well as investment banks and hedge funds — could cause investors to dump equities, according to industry observers and financial advisers.
Putnam Investments has significantly lowered the expense ratios on its slate of Absolute Return funds and its RetirementReady Lifecycle funds.
A First Republic Bank unit was ordered to pay a retired Stanford University professor and his wife $2.18 million after arbitrators found the firm gave them only a “fleeting and slapdash” explanation of a municipal bond fund that imploded during the credit crisis in 2008.