In the Margins
TCW Group's Metropolitan West Total Return Bond Fund collected more money than any other bond mutual fund in the year following Bill Gross's departure from PIMCO, according to data compiled by Bloomberg. The fund took in some $35 billion in the 11 months ended Aug. 31, doubling its assets. Meanwhile, PIMCO lost about $360 billion. In 2009, TCW had experienced similar out flows after it ousted star manager Jeffrey Gundlach. Read the original story from BloombergBusiness.
Most Read
The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...
Securities brokerage firms are a critical part of the financial landscape, as they provide a vast array of products and services to the financial services industry, ...
The percentage of female independent directors serving on mutual fund boards has increased impressively in recent years, jumping from about 20% 10 years ago to nearly 40% ...
As mutual fund boards prepare for their next quarterly meetings over the coming weeks, they likely are gathering talking points on several of President Trump's initiatives ...