(Bloomberg Gadfly) -- It’s that time of year again, time to count with envy all the money made by elite university endowments...

(Bloomberg View) -- It’s time to ask a scary question: How much of the financial industry will soon be obsolete? There are many examples of technologies that have been replaced by something newer and better -- film replaced by digital cameras...

(Bloomberg) -- Takahiro Kusakari went from being a self-described bum getting by on bit-part acting roles in Tokyo to calling the shots at a $2.6 billion stock fund...

But don’t believe the alpha advertisements.

A twice-yearly pall has settled over mutual fund managers in the wake of the latest SPIVA Scorecard’s release. For the past 14 years, the S&P Indices Versus Active Funds Scorecard, now published by S&P Dow Jones Indices, has measured the performa...

(Bloomberg) -- CBOE Holdings Inc.’s $3.2 billion deal to acquire Bats Global Markets Inc. is some of the strongest evidence yet of exchange-traded funds’ growing importance on Wall Street...