BlackRock's Ultra-Cheap Hedge Fund Doubles Assets in Six Months
Style Advantage long-short fund charges less than 1% in fees; 14 BlackRock strategies beat the industry average.
BlackRock Keeps Getting Bigger but Misses Sales Estimates
Rakes in a record $74 billion for exchange-traded funds; but overall revenue fails to meet analysts’ expectations.
Fidelity Is Said to Dismiss Hundreds of Workers, Axios Reports
Fidelity declined to comment on the report by Axios, which was founded by former Politico veterans Jim VandeHei, CEO, and reporter Mike Allen.
Grantham’s GMO Dissolves International Stock Team as Assets Fall
A more quant-focused global equity team takes over strategies; GMO’s assets under management have fallen steeply in recent years.
BlackRock Replaces People With Machines in Revamp of Stock Unit
The world's largest money manager fired 30 people in its active equities group as it shifts even further toward quant strategies.
World’s Top Investors Ring Alarm as Markets Reach New Highs
They include BlackRock's Larry Fink, Doubleline Capital's Jeff Gundlach and Janus Capital's Bill Gross.
BlackRock’s Fink expects consolidation among asset managers
The DOL fiduciary rule will benefit passive strategies, Fink said.
Blackstone mutual fund loses half its assets
Fund's assets have fallen to $631 million from $1.2 billion. Fidelity invested almost $1 billion in the fund in 2013.
Blackstone Mutual Fund Loses Half Its Assets as Fidelity Pulls Out
Clients withdrew $585.5 million from the Blackstone Alternative Multi-Manager Fund in the first three weeks of this month.
Gross says tough time for bonds if Fed relies on jobs
Gross thinks the Fed may raise rates just twice this year.