In the Margins

Third quarter unkind to big money managers

October 23, 2015

By The Wall Street Journal

Large money managers took a beating during the third quarter as the market declined and mutual funds experienced outflows. Among firms releasing quarterly reports on Thursday was Franklin Resources, which experienced the largest investor withdrawal in more than a dozen years. Read the original story from The Wall Street Journal.

 

 

Most Read

Top of the Agenda - Industry Groups
MFDF's Susan Wyderko to retire in 2020

Susan Wyderko will retire from her position as president and CEO of Mutual Fund Directors Forum in the fall of 2020. When she steps down next ...

Top of the Agenda - Governance
Fund industry 'pioneer' Dorothy Berry dies

Long-serving independent director Dorothy Berry has died at 75. She was independent chair of Professionally Managed Portfolios and an independent director of PNC Funds who served ...