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 - Compensation
IDC: Fund director pay climbs again in 2024

Mutual fund independent directors earned more in 2024 than in the year prior, and the pace at which their compensation grew was also higher year-on-year, according ...