Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Vanguard to Merge 2 Funds, Liquidate Another
By Dinah Wisenberg BrinThe liquidation may have tax consequences for certain investors, Vanguard said.
February 10, 2023
Waning Inflation May Lead to Market Rally: Invesco DirectorFading inflation should cap long bond yields, which would support U.S. stock valuations, says Ben Gutteridge.
February 09, 2023
AllianceBernstein Cuts More Than 100 JobsFirms industrywide have eliminated positions recently as they respond to business line slumps and prepare for possible recession.
February 09, 2023
Northern Trust Taps New Asset Management President From BlackRockFormer Northern Trust Asset Management President Shundrawn Thomas left the company to found a middle-market investment firm.
February 08, 2023
Russell Names BlackRock Exec as New CEOZach Buchwald succeeds Michelle Seitz, who left Russell Investments and founded MeydenVest Partners last year.
February 08, 2023
Invesco CEO to RetireAndrew Schlossberg, senior managing director and head of the Americas, will become Invesco's new president and CEO.
February 06, 2023
Goldman Cuts Recession Odds to 25%The bank's economists also pointed to a rapid slowdown in inflation, and wage growth that's cooling.
February 03, 2023
Merger to Create $73B Alternative Investment FirmFS Investments and Portfolio Advisors did not immediately disclose the financial terms of their deal.