Vanguard Group Inc., the third- biggest provider of exchange-traded funds, gained ground on larger competitors this year after gathering more than seven times as much money into its ETFs than the rest of the U.S. industry combined.
The road Andrew Balls took from journalist to one of Bill Gross’s new top deputies -- all by the age of 40 -- went through Oxford and Harvard, with a stop at Stanley Fischer. He’s likely to become one of the public faces of Pacific Investment Management Co., so there are some things to know about him.
Six years after a record $48 billion buyout left Energy Future Holdings Corp. with debt it couldn’t repay, the power producer formerly known as TXU Corp. is closing in on a last-minute plan to speed its bankruptcy reorganization.
Pacific Investment Management Co., the envy of the bond world when it tripled assets following the financial crisis, is finding itself in an unusual role: Playing catch up to competitors in the growing market for exchange- traded funds.