Demand has increased as investors seek alternatives to more than $10 trillion of debt globally thats yielding less than zero.
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.
Money from brokers and independent advisers accounted for about 50% of the $225 billion Vanguard has brought in this year.
Assets under management increased 13.6% as the firm brought in money to both its active and passive funds.
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.