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Calamos restructures in bid to stem outflows, improve profits
The man hired in 2012 to help rebuild assets under management, co-chief investment officer Gary Black, left the firm in September. About 12 other staffers also have left this year, sources said.While net outflows at the firm have slowed in 2015 as investment performance improved under Mr. Black,
$25B institutional money manager takes a leap into retail
Pzena Investment Management, a relatively obscure $25 billion institutional money manager, is hoping to tap into the potentially lucrative retail investor market by creating a distribution team to promote three fledgling mutual funds.Even though Pzena, an equity manager, has a 20-year record
Sallie Krawcheck dishes on being downsized
Breakfast with Benjamin: Citing the rapidly-changing economy, the former Citigroup and Bank of America exec says job insecurity in finance will likely increase.
UBS pulls 3 money management units into one
UBS Asset Management has reorganized three of its divisions into one, said an internal memo obtained by Pensions & Investments.Effective Jan. 1, UBS Asset Management will combine its equities, multiasset and hedge funds capabilities into a single unit to be led by Dawn Fitzpatrick.Ms. Fitzpatrick
As robo-advice spreads, so should the caution warnings
Breakfast with Benjamin: As robo-advisers flood the zone, investors (and human financial advisers) should continue to proceed with caution.
Pimco CEO Hodge sees revenue pickup in 2016 on 'renewal,' new products
Pimco's revenue will grow next year as the firm goes through a "renewal" and widens its mix of products, chief executive Douglas Hodge said.
Four questions hybrid advisers should ask their asset management platform
As seismic shifts continue to roil the TAMP world, now is a good time to reevaluate and make sure you're getting all you can or should.
Blending Mars, Venus can energize a fund
Appears that mixed-gender portfolio management teams tend to generate better performance
BlackRock's iShares taking in money fast and furious
For the first time, fund manager saw roughly equal deposits into equity and fixed-income ETFs as investor demand for bond products increased.
Franklin hires iShares developer, former BlackRock ETF executive
Active fund manager sees opportunities for investors in exchange-traded funds.
Gold goes on a safe-haven rally in the wake of Paris attacks
Breakfast with Benjamin: Gold jumps, with futures up more than 1% even as riskier assets like stocks find reasons to rally.
Fidelity Investments closes door on institutional business as retail remains key focus
Fund giant merges two businesses, expanding definition of “institutional” to include assets from intermediaries such as registered investment advisers and broker-dealers.
AR Capital to stop creating new nontraded REITs, close existing programs to new investors
In a major reversal, the powerhouse nontraded REIT sponsor built by Nicholas Schorsch is exiting the business of creating and selling new alternative investment products and will stop taking new investor money for existing programs.
Financial markets brace for fallout from the Paris terror attacks
Breakfast with Benjamin: The financial markets are likely to be swept up in the immediate unrest following Friday's terror attacks in Paris.
The apolitical Fed is becoming a political target
Breakfast with Benjamin: Even though it's designed and expected to be apolitical, the Federal Reserve is becoming a popular target of political attacks.