Sept 30- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts- based firm that advises 401 plans with $50 million to $100 million in assets.» Read More
*Pimco performance, governance issues worry Allianz owners. FRANKFURT, April 4- Several of the biggest investors in Allianz are pressing the German insurer to step up oversight of its California asset management unit Pimco and one is considering the unusual step of going public with its concerns at a shareholder meeting in May.
LONDON, April 4- The world's $87 trillion asset management industry is getting riskier and echoes some of the "too big to fail" risks already being addressed at banks, Bank of England director of financial stability Andy Haldane said on Friday.
Arledge himself acknowledged on Wednesday that BNY Mellon is only in the early stages of a two-pronged strategy to gather assets from individual retail investors, but he pledged that the strategy will show tangible progress by this summer.
TOKYO, April 4- A global bond fund of Japan's Kokusai Asset Management, which has reigned as the top mutual fund in the country for more than 12 years, was knocked from the position by Fidelity's U.S. high-yield fund as investors become more enthusiastic about chasing higher returns.
Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil
The SEC will press ahead with a pilot that will allow small-cap stocks to trade in wider increments, the chair announced Friday.
E-commerce auction house eBay became a darling among top U.S. hedge funds in the fourth quarter just before billionaire activist investor Carl Icahn urged the company to spin off its PayPal payments business, regulatory filings showed on Friday.
Daniel Loeb's hedge fund will be losing Rhode Island as a client after the state's pension fund found his Third Point too risky.
A unit of asset manager Legg Mason will pay more than $21 million to settle civil cases with that accused the company of hiding losses from investors.
Billionaire investor Steven A. Cohen's SAC Capital Advisors returned 20.10 percent this year, even as it pleaded guilty to insider trading charges.
Jason O'Connell, research director at Boston Private Bank, says the asset management business model is "tremendous" due to "terrific cash flow" and "very little balance sheet risk".
Steve Tananbaum, Goldentree, joins CNBC's David Faber to discuss the government shutdown. He believes both parties will figure it out and avoid deficit.
Peter Lenardos, director of pan-European financials at RBC, discusses asset managers following RBC's downgrade of Man Group and says that the industry as a whole continues to underperform.
Peter De Proft, director general at the European Fund and Asset Management Organisation (EFAMA), tells CNBC there are a lot of opportunities in the asset management industry.
Japan's public pension fund - a pool of over $1 trillion - is considering a change to its portfolio strategy that could allow its investment in domestic stocks to grow with a rallying market, according to people familiar with the deliberations.
BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.
One-time hedge fund darling Apple was dropped by more famous hedge fund managers in the first quarter.
Billionaire hedge fund manager Daniel Loeb said Sony reminds him of Yahoo before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company.
Days after reporting some of the industry's deepest losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term.
Specialized hedge funds which transformed corporate bankruptcies may be poised to descend on another landscape: struggling cities and counties - and no place beckons more than Detroit.