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Money Management Executive

Janus Outflows Rise to Most in a Year on Eve of Merger Deal

– With investors increasingly moving to lower-cost, passively run funds, the firm says it plans on countering the resulting record redemptions by merging with Henderson Group.

Developed Markets Are the New Emerging Markets: Goldman's Patel

– The improved outlook for the world's largest developing economy has helped increase clients' risk appetite.

Emerging-Market Stocks Gain as Volatility Falls to Six-Week Low

– Investors added more than $750 million to ETFs that buy emerging-market stocks and bonds last week, extending the longest winning streak in more than a year.

The N-PORT Challenge: Wrangling Raw Data

– "There's going to be a lot more raw data that firms will have to collect," says Paul Soltis, global market manager for fund administration service provider Confluence.

It’s Party Time for Loan ETFs Offering Relief for Yieldless

– Demand has increased as investors seek alternatives to more than $10 trillion of debt globally that’s yielding less than zero.

Are There Risk-Reducing Alternatives to Hedge Funds?

– Why one asset manager says the high alpha of an equity long/short hedge fund may outweigh the cost benefits of similarly structured mutual funds.

GAM Sees Significant 2016 Profitability Drop on Volatility

– Performance fees in the second half are expected to be similar to the 1.2 million Swiss francs ($1.2 million) earned in the first six months of the year.

Vanguard Sways Financial Advisers to Bring $1 Trillion on Board

– Money from brokers and independent advisers accounted for about 50% of the $225 billion Vanguard has brought in this year.

Low-Vol ETFs Turn Upside-Down as Safety Trade Runs Wild

– Investor interest in low-volatility strategies reached a fever pitch earlier this year, with $8 billion pouring into the most popular funds.

Vanguard’s McNabb Says Cost of Investing Will Keep Falling

– McNabb said investors pay an average of 12 cents per $100 for Vanguard’s mutual funds and ETFs and that in five years that number could fall below 10 cents.

Goldman Dealmaker Cites TIAA, MassMutual Deals as New M&A Phase

– Massachusetts Mutual Life Insurance, Pacific Life Insurance and TIAA are among companies that have been pursuing deals to diversify operations and gain market share from publicly traded rivals.

BlackRock Profit Jumps 3.8% to $875 Million on Expense Cuts

– Assets under management increased 13.6% as the firm brought in money to both its active and passive funds.

Humiliated Stock Picker Who Sold His Firm for $31 Is Back on Top

– The money, barely enough for dinner at the Thai restaurant downstairs from his office, was Fujino's payout from a 2009 fire sale of the asset management firm he built from scratch.

Gold Steadies Near 4-Month Low as ETF Holdings Continue to Grow

– Upcoming data will give investors more indications about the potential rate path, including figures on retail sales, consumer sentiment and producer prices.

Costly Rule Changes to Spark More M&A by Europe’s Asset Managers

– The challenges that asset managers face: rising regulatory costs and growing pressure on fees from cheaper competitors.