Any student who takes a course in probability will learn — and often confuse — two important notions: independence and mutual exclusivity. Two events are said to be “mutually exclusive” if they both ...

Learn how third-party distributors operate, their role in mutual funds, and how they offer unbiased advice to investors, ...

adopted a set of initiatives that will increase the number of mutual fund firms' independent directors and require improved disclosure about fund directors to shareholders. The changes, which were ...