Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
NYSE Glitch Caught Up in Fight Over SEC Rewrite of Trading Rules
By Katherine Doherty and Lydia BeyoudSchwab and Robinhood say the incident was a reason for concern and an argument against exchange-run auctions.
January 31, 2023
Investors Burned in NYSE Trading Chaos Demand CompensationOnce the NYSE determines how much it has to cover the claims, the amount will be divided proportionally, according to sources with knowledge of the matter.
January 31, 2023
New York Life Picks New CEO for $371B Investment Management UnitNaïm Abou-Jaoudé will succeed Yie-Hsin Hung, who moved to State Street Global Advisors in September.
January 30, 2023
What Crypto Moves Big BDs, Wealth Firms Are Making After FTX MeltdownHere's what Fidelity, BNY Mellon, BlackRock, J.P. Morgan, State Street, Goldman Sachs and other firms have in the works.
January 30, 2023
Don't Buy the Rally as Fed Looms: Morgan StanleyThe S&P 500 has rallied since the earnings season started, extending the new year's advance.
January 27, 2023
Capital Group Names New CEOThe leadership changes will take place in October, the American Funds parent said.
January 27, 2023
Vanguard Net Inflows Drop Nearly 50% in Tough 2022 MarketAUM dropped to $7.2 trillion from 8.5 trillion at the end of 2021.
January 27, 2023
Goldman Sachs Slashes CEO Solomon's Pay About 30%His package includes a $2 million base salary and $23 million in variable compensation, mainly in restricted stock units.