(Bloomberg) -- Blackstone Group LP, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fund managers following a large redemption by the vehicle’s main backer, Fidelity Investments...
(Bloomberg) -- The fund linked to U.K. Prime Minister David Cameron’s father in the leaked Panama documents may be sparking questions about tax avoidance, though whoever invested in it didn’t fare so well...
Just like a smart driver focuses on the road ahead while scanning all mirrors in the car, smart CEF investors and their advisors should focus on long-term income and cash flow goals, while considering information from all available sources.
(Bloomberg) -- The mutual fund David Iben oversees lagged behind more than 95 percent of its peers for two consecutive years. This year, the chief investment officer’s performance stands out for the right reason...
Last week, S&P Dow Jones Indices released its annual U.S. S&P Indices Versus Active Funds (SPIVA) Scorecard, showing that 66 percent of large-cap equity managers underperformed their benchmark in 2015. This week, American Funds, the darling of th...
Fund shareholders pay about $308 million a year for the printing and mailing of shareholder reports, the Investment Company Institute estimates. But a Securities and Exchange Commission proposal allowing the e-delivery of such reports was expected...
