The alternative manager has been quietly building its private wealth business over the last five years, to the point where 15 to 20 percent of its assets under management now come from retail channels.

Despite market-lagging performance and high fees, they manage more money than ever.

Brad Lamensdorf's newest fund is shining the light on securities lending while trying to make a buck at the same time.

"Technological innovation is disrupting traditional business models of many industries, putting a lid on prices and influencing inflation in the economy overall," BlackRock Chief Investment Officer Rick Rieder wrote.

The introduction of T shares and clean shares is well intentioned, but in many cases, older share classes already offered by fund managers can save investors more money, and mitigate conflicts of interest.

Sentiment toward the financial sector has been improving since the Treasury Department issued a report on overhauling banking regulations.

Citadel Securities will start making markets for investors in all older Treasuries, broadening an effort it started in February.

One division will cover global fixed-income and currencies beta trading, another will focus on global ETF research and a third will manage regional ETF sales and business development.