Systematic investors use computer models to scan entire markets and select securities that fit their strategies. Traditional asset managers will have to "evolve or risk being left behind."

"There's a lot of movement on the services side and it's going to take a little bit of time. I do believe we are on the right path here."

New home construction and manufacturing came in softer than expected, while retail sales fell and underlying inflation took its first step down in six months.

Improve shareholder returns by basing decisions and incentives on a metric that tracks closely to TSR.

"It does open the door to a potential rate cut later in the year. It will take a few more readings indicating that inflation is coming down for the Fed to act."

The value of U.S. retail purchases, unadjusted for inflation, was little changed from a month earlier, and gains in prior months were lower than previously thought.

The investment firm is among 600 organizations worldwide whose pension funds and benefits plan providers had participants' data breached recently.

"These days we mostly care about what the PPI means for the Fed's preferred PCE deflator measure of core consumer price inflation. In that respect, April's news was mixed but, on balance, encouraging."