(Bloomberg) — Elon Musk and Cathie Wood criticized passive investing in a Twitter thread, weighing in on a controversial and unresolved debate. Their discussion was sparked by venture capitalist Marc Andreessen, who said firms like BlackRock Inc. have outsized voices in many corporations because of the voting power of their stable of passive index trackers. […]
(Bloomberg) — Every year over the past two decades, in the good times and the bad, there’s been one sure-fire trend in Wall Street money management: Vanguard tightens its grip on the ETF market. But now the John Bogle-founded giant is squeezing the $6.8 trillion industry harder than ever, by ramping up the fee war […]