Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
BofA to Pay $250M Over Extra Fees, Unauthorized Cards
By Paige Smith & Katherine DohertyThe CFPB fined the bank for "double-dipping" on fees imposed on clients with insufficient funds in their accounts.
July 10, 2023
Bob Doll Warns Against Chasing the Stock Rally"At this point ... we value capital preservation over return maximization as a portfolio goal," the CIO said.
July 06, 2023
Stocks Swoon After Jobs Data Dashes Hopes for Rate Cut"The selloff is driven by the idea that the economy is a freight train that can't be stopped."
July 06, 2023
JPMorgan Strategist Sees Bear Market Over, Notes Stock PicksThe S&P is cheaper than it looks, says global investment strategist Elyse Ausenbaugh.
July 06, 2023
Generali to Take Control of Conning From Cathay LifeMany life and annuity issuers use the firm's research and asset management services.
July 05, 2023
Lazard Fires Head of Financial Advisory Unit for Inappropriate Behavior at PartyLazard's incoming CEO Peter Orszag told staff about the development in an internal memo Sunday.
July 05, 2023
Clearing, Trading Most Popular Uses for Fintech by Advisors: SurveyISS Market Intelligence looks at the fintech providers advisors use most.
July 02, 2023
Wall Street's 'Crystal Ball' Shatters as Stocks Stage Big Rally"Bears make you smart — but bulls make you money," said BMO Capital Markets' Brian Belski, who just raised his end-year S&P 500 target.