In the Margins
While owning a big stake in Facebook has helped many mutual funds outperform in the past few years, that is not the case at the moment. The social network’s shares are down about 17% since March 16 after reports that Cambridge Analytica siphoned data from tens of millions of Facebook users. The rout is taking a huge toll on some of the biggest mutual funds—to the tune of $2.7 billion. Read the original story from Bloomberg.
Most Read
Independent mutual fund directors saw markedly smaller increases in pay in 2017, when compared to the year prior, according to the results of the Independent Directors ...
The parties in a 2014 lawsuit accusing PIMCO of overcharging Total Return Fund shareholders while lavishly compensating CIO Bill Gross and CEO Mohamed El-Erian agreed this week ...
The board of T. Rowe Price Group's funds has elected an independent chairman for the first time, naming Robert Gerrard to the top spot at the ...
Merger & acquisition activity in the asset management business has been ticking up for years, and it doesn't look to be slowing down anytime soon. And ...