Active managers who briefly looked like they might finally have their moment earlier this year are once again confronting a familiar problem: a market rally driven by a tiny group of tech megacaps that diversified portfolios simply can’t keep up with.
Thomas Faust, who engineered the sale of Eaton Vance to Morgan Stanley, is beginning his next act: helping out mutual fund managers who are facing redemption requests.
Franklin Templeton is betting that Indian investors’ rising interest in fixed income will power the next leg of its growth in the country, where it is regaining ground after a credit crunch six years ago.
BlackRock Inc. is planning to launch two money-market funds built for investors who hold their cash in stablecoins, not bank accounts, a sign the world’s largest asset manager sees a durable customer base in the digital-dollar economy.
