They believe in unicorns. The mutual fund industry is taking on a bigger role in Silicon Valley—and some venture capitalists aren’t happy about it. Fidelity currently holds stakes in 24 unicorn startups—those with $1 billion or more valuation...

How should an investor in a factor (or “smart beta”) index judge its performance?

(Bloomberg Gadfly) -- It's no secret that exchange-traded funds are popular among institutional traders...

(Bloomberg) -- Investors should avoid the lure of riskier assets, save their money and get comfortable with lower returns over the coming years, according to top strategists at Vanguard Group Inc., the world’s second-biggest asset...

(Bloomberg) -- BlackRock Inc. is recommending investors switch to actively-managed bond funds if they want the best returns in emerging markets after a rally this year that was driven by inflows into passive portfolios falters...

    (Bloomberg Gadfly) -- When you bought that MLP your friend told you about that time you had drinks a few years back, you didn't think you were signing up for this:       But what were you really signing up for? Two excha...