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Money managers are under increasing pressure to reduce their spending as investors focus on low-cost mutual funds and other products.

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published May 2, 2018, 1:30:13 PM, by Patrick Clark and Noah Buhayar (Bloomberg) — New York is losing more than a thousand financial-industry jobs — and Manhattan’s loss is Music City’s gain. AllianceBernstein Holding LP is moving its corporate headquarters and about 1,050 jobs to Nashville, Tennessee, the company said

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