Nearly two years on from Citywire’s white paper on the role of the professional buyer, these giants of the industry are making their presence felt.
South Korean asset manager enters US ETF market with deal for $10 billion shop Global X.
The Wall Street Journal reports that James Michal has left the firm following an internal investigation unrelated to his role as a portfolio manager.
In a letter dated February 9, LJM said: ‘As of the date of this letter, all open positions in the fund have been liquidated and the fund only holds cash.’
Retail brokerage stops investors from buying ETF that bets on volatility staying low, after a 90% decline in its value last week.
Ray Dalio and Bob Prince, co-CIOs, at the $160 billion hedge fund firm, predicted volatility is here to stay and the rise of recession is heightened.
Wirehouse plans to cover every ETF on its platform, as it does with mutual funds. It is also looking to add multi-factor strategies later this year.
The Oakmark International fund, run by Harris Associates’ David G. Herro and Michael L. Manelli, enjoyed a bumper 2017 in terms of both flows and performance.
The wirehouse has contacted asset managers as it begins the next stage of its rationalization project. It also plans to increase research coverage.
Wirehouse makes Morningstar Analyst Ratings available to advisors. The deal does not affect coverage by the home office team or the number of funds available to advisors.