Some high-frequency traders may be getting rich, but rapid turnover is not necessarily the best way to operate a mutual fund, according to The No-Load Fund Investor newsletter. During the 10 years ending in 2013, large blend funds that turned ove...
In a move bolstering its mutual fund offerings and distribution network, TIAA-CREF purchased Nuveen Investments from Madison Dearborn Partners on Monday for $6.25 billion, including outstanding debt...