This week's roundup of notable industry news includes how fear over Fed interest rate hikes spurred investors to withdraw billions from bond ETFs this month.
Fischer said regulators must be attuned to the growth and evolution of the asset management industry after funds that track the returns of indexes of relatively illiquid assets have mushroomed in size.
Howard Marks said the impact on liquidity of ETFs, liquid alternatives and new rules designed to stop banks from trading with their own money has yet to be tested.
While raising its forecasts for growth and inflation in Europe, Pimco expects long-dated yields to be further cut by the European Central Banks bond-buying program.
Hedge funds and mutual funds that once shunned venture-style deals are flocking to late-stage technology startups, paying 15 to 18 times projected sales for the year ahead in recent private-funding rounds
While IT budgets at buy-side firms have not fully recovered from the cutbacks of the Great Recession, front-office demands keep growing in quantity, complexity and required speed of response.
Goldman Sachs Asset Management (GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management (DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013
Mutual fund families have traditionally left the topic of how to allocate certain fund expenses to management and fund officers.
Rob Goldman founded Goldman Small Cap Research (GSCR)--not affiliated with Goldman Sachs--in 2009. He has over 20 years of investment and research experience as a senior research analyst and as a portfolio and mutual fund manager.
Innovation is a constant in any industry, but sometimes in the fund business its mark is not always obvious.