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Emerging Markets Firm Develops U.S. Ambitions

– Reflecting the global ambitions of Asian asset managers, South Korean-based Mirae Asset Management this summer quietly expanded its stateside presence, hiring four wholesalers across the country.

ETF Firms Tackle Wall Street on Ways to Prevent Another Aug. 24

Small 401(k) plans have less access to educational support

Brynjolfsson’s Armored Wolf to Shutter, Become Family Office

401(k) plan access seen to promote financial confidence



Pimco's Total Return Reports $27.5 Billion of Withdrawals

The Pimco Total Return Fund suffered an estimated $27.5 billion of withdrawals in its first full month after the Sept. 26 departure of Bill Gross, its worst month ever for redemptions.

BlackRock Says ETFs Aided Bond Market Stability After Gross Exit

BlackRock, the world’s largest provider of ETFs, said the products acted as “shock absorbers” after Bill Gross’s unexpected exit last month from Pimco.

Pimco Is Replaced by BlackRock at $6.16 Billion Prudential Fund

Pimco seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial.