Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Best & Worst Broker-Dealers: Q1 Earnings, 2023
By Janet LevauxSeven firms posted positive results in the quarter, which ended with the failure of Silicon Valley Bank.
May 19, 2023
Morgan Stanley's Gorman to Step Down After 14 YearsThe CEO says there are three finalists to take over the role following his departure from the firm over the next 12 months.
May 18, 2023
Former Fidelity Exec Mike Durbin to Lead Cetera HoldingsThe industry veteran will work with Cetera Financial Group CEO Adam Antoniades, who leads its 8,000 financial professionals.
May 15, 2023
Morgan Stanley Sees Stock Swings on Debt Ceiling DebateA U.S. default risks triggering a market selloff, spike in borrowing costs and blow to the global economy that could rival the 2008 crash.
May 09, 2023
Vanguard's Trillion-Dollar Man Leads a Fixed-Income RevolutionJosh Barrickman oversees three of the world's four largest bond funds, including the $298 billion Vanguard Total Bond Market Index Fund.
May 05, 2023
SEC Hits Firm, Advisor Over Leveraged ETFs in PortfoliosThey breached their fiduciary duty by failing to understand these funds' substantial risks, the SEC said.
May 04, 2023
Snappy Kraken Unveils Digital Marketing Service: Tech RoundupAlso, Interactive Brokers has launched a new direct-indexing solution RIAs can use to personalize client portfolios.
May 03, 2023
5 Things Pru Said Today About VolatilityCharles Lowrey, the CEO, wants to reduce risk. Meanwhile, customers want it to absorb their risk.