Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
AllianceBernstein Cuts More Than 100 Jobs
By Loukia Gyftopoulou, Ruth David and Annie MassaFirms industrywide have eliminated positions recently as they respond to business line slumps and prepare for possible recession.
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.
February 02, 2023
NYSE Glitch Caught Up in Fight Over SEC Rewrite of Trading RulesSchwab and Robinhood say the incident was a reason for concern and an argument against exchange-run auctions.
February 01, 2023
How Model Portfolios Work in the Real World: Advisors' AdviceAdvisors told us how they use model portfolios with clients — or why they don't.
February 01, 2023
Capital Group Launches 12 Active-Passive Model PortfoliosThe models will consist of American Funds active mutual funds and passive ETFs from Vanguard, Schwab and BlackRock.
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.