An II analysis of SEI data shows that twelve of the 20 most widely-held stocks were in the red and trailing the benchmarks in the first quarter.
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Institutional Investor reports that the top 25 managers made a combined total of $30 billion, just shy of the record set in 2020.
One of the biggest shifts that firms such as Schroders have made is capturing some of the gains that have become available in Europe.
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