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...