Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Goldman to Cut About 3,200 Jobs This Week
By Sridhar NatarajanMore than a third of those will likely be from within its core trading and banking units, indicating the broad nature of the cuts.
January 05, 2023
Want Rate Cuts? 'Be Careful What You Wish For,' Josh Brown WarnsThe Ritholtz Wealth CEO urges CNBC viewers to think hard about "what the trigger for those rate cuts might be."
January 05, 2023
Onramp Launches SMA Solution for Advisors, Asset Managers: Tech RoundupAlso, an activist investor nominated four candidates, including ex-UBS Exec Tom Naratil, to Envestnet's board.
January 04, 2023
ETF Winners and Losers of 2022These funds took in more than half a trillion dollars last year, but the $6.5 trillion industry also was shaken by market turmoil.
January 03, 2023
Pimco Ranks as 2022's Biggest Loser in $6.5T ETF MarketInvestors pulled some $3.6 billion from Pimco and Allianz-branded funds, the biggest cumulative outflow ever for the asset manager.
January 03, 2023
Bob Doll's 10 Predictions for 2023The renowned forecaster's theme for 2023: The Fed calls the shots.
December 29, 2022
Why Wall Street Got Inflation, Interest Rate Predictions Wrong in 2022The 865 actively managed stock mutual funds, each with at least $1 billion in assets, lost 19% on average this year.
December 29, 2022
Fidelity Files NFT, Metaverse Trademark ApplicationsOne application mentions "retirement fund investment services in the metaverse" and "digital currency services," such as trading.