A fund controlled by LendingClub that invests in the company’s online consumer loans suffered one of its worst monthly performances for April and disclosed it was buying riskier loans than originally intended.
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Alvarez & Marsal, the new manager of the funds that Lynn Tilton created says it needs a court order to force her firm, Patriarch Partners, to provide more information about the funds’ investments to deal with a looming default.
Vanguard Group has hired a Massachusetts Mutual Life Insurance Co. executive as its new finance boss, reviving a top chief financial officer role at the fund firm as its assets swell.
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The chief executive of commodities hedge fund Armajaro Asset Management LLP, best known for its command of the cocoa market, has left his position.
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Old Mutual said it has received a number of approaches from third parties to buy its stake in OM Asset Management, as the financial services group explores ways to separate its four main businesses.
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Hedge-fund manager Kyle Bass made a killing when the mortgage bubble popped. He wasn’t as lucky with the oil bust.
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Hartford Funds agreed to acquire exchange-traded funds operator Lattice Strategies, the latest in a series of moves by traditional mutual-fund companies to counteract a broad investor push into passively managed funds, such as ETFs.
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A California assemblyman has proposed a bill that would exempt Vanguard from taxes in the state amid concerns that the index-fund pioneer would have to charge higher fees if its tax bill rises.
The author of “A Random Walk Down Wall Street” says smart-beta strategies are riskier than index funds and not right for individual investors.
Spotlight: Prudential Total Return Bond ventures into areas its benchmark wouldn’t, such as high-yield bonds.
Ask Encore provides answers to commonly asked questions about retirement finances.
Three points to consider when deciding about the emergency-funds stash.
Funds giant Vanguard Group announced on Wednesday that it will appoint a new chief financial officer. Michael Rollings, 52, will take over as chief financial officer and head of the firm's finance division. He served as CFO of MassMutual Financial Group. Rollings will take over the responsibilities for financial functions from Glenn Reed, 63, who […]