Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Why Wall Street Got Inflation, Interest Rate Predictions Wrong in 2022
By Ye Xie, Michael Mackenzie & Emily GraffThe 865 actively managed stock mutual funds, each with at least $1 billion in assets, lost 19% on average this year.
December 29, 2022
Republicans Ramp Up Anti-ESG Campaign for 2023The political assault by the right is backed by former Vice President Mike Pence, as well as by the governors of Florida and Texas.
December 29, 2022
Goldman's Job Cuts Are Coming Next Month: CEOThe firm may seek to eliminate as much as 8% of its workforce, or up to 4,000 jobs, to contain a slump in profit and revenue.
December 29, 2022
JPMorgan Sued by Virgin Islands for Facilitating Epstein Abuse"Human trafficking was the principal business of the accounts Epstein maintained at JPMorgan," the complaint states.
December 27, 2022
Wall Street's Big Banks Score $1T of Profit in a DecadeWhile much attention focused on Silicon Valley's riches, banks like JPMorgan, BofA, Wells Fargo and others were gaining momentum.
December 22, 2022
Watch for These ETF Trends in 2023: Dave NadigVanguard could overtake BlackRock as the No. 1 ETF provider by April, he tells ThinkAdvisor.
December 22, 2022
7 Market and Economic Predictions for Next Year: Northern TrustNorthern Trust Asset Management says it is balancing downside risks with the potential for an improving investment outlook.
December 22, 2022
Vanguard to Launch New Bond ETFThe Vanguard Short-Term Tax-Exempt Bond ETF is set to have an estimated expense ratio of 0.07%, the fund giant says.