Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
S&P 500 Close to Wiping Out 2023 Gains
By Rita NazarethAs risk assets got pummeled, the U.S. stock benchmark headed toward its worst week since September.
March 09, 2023
JPMorgan Blames Ex-Private Banking Chief for Epstein Ties, Demands 8 Years of PayThe bank is demanding Jes Staley hand over all compensation from 2006 through 2013 — a figure surpassing $80 million.
March 08, 2023
Schwab, NYSE and Citadel Unite Against SEC Market-Rules RevampThe new regulations, if finalized, could damp liquidity in the stock market, the firms said.
March 07, 2023
State Street to Merge $1.8B Small Cap ETF Into Bigger SiblingBoth funds aim to track the S&P SmallCap 600 Index.
March 06, 2023
Brooks Tingle to Lead Manulife's John Hancock UnitMarianne Harrison, the Manulife unit's CEO, is retiring.
March 02, 2023
Wells Fargo Cuts 2023 Stock ForecastThe year could bring "significant rallies and pullbacks but with no real direction," Wells Fargo said.
March 01, 2023
Capital Group's 10 Investment Predictions for 2023The world is undergoing significant changes, and investors will need to reset expectations, Capital Group suggests.
March 01, 2023
Does BlackRock's Sale of FutureAdvisor to Ritholtz Deal Death Blow to Robos?The deal signals "big asset managers' digital efforts are over," says Tim Welsh of Nexus Strategy. Others disagree.