Money Managers

Star fund manager says he doesn't want to resort to 'shadow markets' like derivatives.

Google Inc. was the favorite stock of both mutual fund and hedge fund managers at the end of last year, replacing Apple Inc., according to research from FactSet Research Systems Inc. and Citigroup Inc. The king of Internet search was among the top 10 holdings of 19 of the top 50 actively managed

OppenheimerFunds is trying to give its value funds a boost with the help of a rival's team. The company last Thursday said that it has hired Laton Spahr, former manager of the $5.3 billion Columbia Dividend Opportunity Fund (INEGX), along with three other Columbia Funds veterans, to take over

Neel Kashkari said his desire to return to 'public service' was the only reason he left PIMCO.Two months before his unexpected departure in January as head of global equities at Pacific Investment Management Co., Neel Kashkari told top California Republican Party officials he was giving up the

Investors pulled $5.3 billion in 2012; better than the $36.3 billion yanked in 2011.

Peter Fisher, head of fixed income at BlackRock Inc., will leave his post to join the company's group that provides market research and analysis, according to a memo sent to employees.Fisher, 56, will become senior director of the BlackRock Investment Institute following the completion last year of

BlackRock Inc.’s Robert Kapito, president of the world’s largest asset manager, said the firm sees an opportunity to grow by selling more funds to individuals.“Retail is an enormous growth opportunity,” Kapito said today at the Credit Suisse Financial Services Forum. New York- based BlackRock is

Buoyed by the flood into equities, American Funds finally recorded net positive inflows last month. The question: Where to from here?

Legg Mason Inc. (LM) is rumored to be close to announcing a new chief executive officer at some point this week, which would wrap up a five-month search and put interim CEO Joseph Sullivan into a new role in the company.Representatives at the Baltimore-based asset management firm did not respond to

Exchange-traded funds' securities lending is back in the spotlight because of two pension funds that want a bigger cut of the profits. The Laborers Local 265 Pension Fund of Cincinnati and the Pipefitters Local No. 572 Pension Fund of Nashville have filed a lawsuit against BlackRock Inc.'s iShares

Vanguard Group Inc., the biggest U.S. mutual-fund firm, attracted a record $24.3 billion from clients in January, mostly into stocks, as signs of an improving U.S. economy have prompted investors to return to equities. January’s deposits were more than 40 percent greater than the previous monthly