While actively managed stock funds bled more than $172.3 billion over the last year, one category of actively managed equity funds is bucking the trend.
Factor investing, meant to lower volatility, caught on in academia two decades ago. Asset managers are only too eager to roll out funds based on the concept.
The Facebook offering, as everyone in the world knows, including the checkout gal at my local Duane Reade, is a nightmare. It a nightmare for Facebook, a truly bruising headache for Morgan Stanley, who led the syndicate, and, natch, a giant bo...
