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Gross Goes Solo Again as Janus Moves Co-Manager to New ETF

The legendary money manager is losing his No. 2, Kumar Palghat, who will become co-manager of a new Janus Short Duration Income ETF.

Popular Vanguard Fund Closes to New Investors as Assets Swell

Dividend Growth attracted $3 billion over the past six months and its assets have almost doubled over the past three years.

State Street Second-Quarter Earnings Rose 3% on Expense Decline

In its asset management business, State Street had net outflows of $35 billion in the quarter.

Pimco's Man From Man Expected to Shake Up Gross's Same-Old

The turn to an outsider marks the latest twist in a struggle to regain footing after a steep decline.

Pimco's Geoffrey Johnson Retiring in Latest Equities Departure

Johnson has overseen the $849 million Pimco EqS Long/Short Fund, which takes positions in stocks he selected, since its 2003 inception at his previous firm.

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