April 26, 2017 – For the 33rd consecutive month through December, investors withdrew money from active managers. Last year, passively funds attracted almost $505 billion.
Blackstone will shutter a mutual fund that allocates money to hedge fund managers following a large redemption by the vehicles main backer, Fidelity.
A key challenge posed by the pending fiduciary rule: are firms going to be active managers or are they going to be financial advisors?
Many investment products are still designed with men's needs in mind, despite studies that show women are more active in saving for retirement.