In the Margins
Shares of Waddell & Reed Financial fell 14% in heavy trading Tuesday after the firm announced weak results and the retirement of a marquee fund manager. Michael L. Avery, president of the firm and portfolio manager of its largest mutual fund, the Ivy Asset Strategy Fund, will retire June 30. Read the original story from The Wall Street Journal.
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 ...