Firm’s struggles illustrate challenge for active managers amid low-cost competition from indexing and ETFs
Related stories
US inflation rises more than expected ahead of midterm elections
US inflation jumps to 3.7% as Iran war drives up prices
Why are European defence stocks not doing better?
Civil servant wore make up so he could juggle five jobs from home, court hears
BlackRock pulls in $205bn to take assets to record high
What analysts are watching with key semiconductor maker TSMC set to report results