Portfolio manager turnover at Fidelity Investments is higher than at its peers and may be a red flag about how things are going at the firm, according to Morningstar analyst Christopher Davis.
After contentious split from TCW Group, Jeffrey Gundlach has last laugh as DoubleLine Capital sees nearly $6 billion in net inflows since April 2010 making the firm the fastest-growing startup fund company ever.
Mutual fund companies are starting to see progress on their SEC applications to launch actively managed exchange-traded funds.
Grail Advisors is in talks to sell itself, in whole or in part, and expects to make an announcement about the transaction in the next two to four weeks.
Vanguard tries to ease investor concerns about investigation of subadviser Wellington Management; Hartford, Hancock keeping close tabs on the situation.
Northwestern Mutual Life Insurance is discussing selling Russell Investments, according to a number of investment bankers and industry observers.