Hedge Funds

For more than two decades, U.S. money managers have looked on enviously as Vanguard Group reaped the benefits of a unique structure that grafted the advantages of an ETF onto its biggest mutual funds. The design, protected by patent, saved its investors billions of dollars and helped the Jack Bogle-founded firm grow into an $11 trillion giant.Now, in what could be the most consequential shift in the American investment industry in years, Vanguard is finally set to lose that competitive edge.Dozens of rival asset managers are on the brink of...

Kondapi: Social Welfare Minister Dr Dola Sree Bala Veeranjaneya Swamy presented a Rs 5 lakh insurance cheque to the family of deceased TDP activist Madhava Nosina from Timmapalem village, Ponnaluru mandal, at his camp office in Turpu Nayudupalem on Sunday. Speaking on the occasion, the minister emphasised that TDP President Chandrababu Naidu and youth leader Lokesh support every party worker carrying the TDP flag. He highlighted that Lokesh established a unique welfare fund for TDP workers, unmatched by any political party in India, assuring workers of support during difficulties. Dr...