LOS ANGELES – Manny Roman is spreading the word: Active management pays off, at least for bonds. Speaking at the Milken Institute Global Conference held at the Beverly Hilton, Roman, the new CEO of $1.5 trillion fund manager PIMCO, made a case for active management in the bond market. Passively managed exchange-traded funds have been […]

Big data software company Cloudera completed its much-anticipated IPO on Friday and the stock was a hit with investors. Cloudera priced it at $15 raising $225 million for itself, above its initial range of $12 to $14. By the close of the day, the share price popped 20% to just over $18. The world was […]