The SEC has reportedly asked Guggenheim to retain documents related to the purchase of a $85 million Malibu property
Oppenheimer’s Jeff Sutton knows that quality is up for grabs when you search for the star managers everyone else has missed.
The new ESG indices, which employ a fundamental weighting approach, take into account each security’s financial discipline and diversity ratings in addition to traditional ESG metrics.
Your daily round-up of the latest fund launches, manager moves and strategy shifts.
The Fidelity Flex funds, which were first filed last year, have expense ratios of zero. But they will only be available in certain fee-based managed accounts offered by Fidelity.
John Paulson, who earned $15 billion betting against subprime mortgages ahead of 2008, must pay taxes of about $1 billion, according to a Wall Street Journal report.
(UPDATE. Adds correction: Fink referred to illiquid alternatives). Revenue was up, but inflows were lower than last year, as February’s volatility spooked investors.
A Fidelity spokesman said that the overhaul marks a broader effort to offer ‘unified services’ and bring together Fidelity's expertise in financial planning, advisory relationships, and investment solutions.
NorthStar will acquire the Tamp firm FTJ FundChoice from middle market private equity firm Seaport Capital, with the transaction expected to be closed in the second quarter of 2018.
The fund, which had as much as 49.6% in cash at the end of last year, uses cash and short positions to dampen portfolio volatility and preserve capital.