In the Margins

Asset managers face $50b in 3Q redemptions

October 31, 2016

By Bloomberg

Seven top asset managers last week reported a total of $50 billion in third-quarter net redemptions, most of it from active funds, company filings show. The biggest losers: Franklin Resources Inc. with $22.1 billion, AllianceBernstein with $15.3 billion and Waddell & Reed Financial Inc. at $4.9 billion. Read the original story from Bloomberg.