Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
New York Life Picks New CEO for $371B Investment Management Unit
By Allison BellNaïm Abou-Jaoudé will succeed Yie-Hsin Hung, who moved to State Street Global Advisors in September.
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.
January 27, 2023
Skip Schweiss: 2023 Is the Year of the TAMPLast year's market turmoil led even hesitant advisors to consider the benefits of outsourced investment management, Schweiss says.
January 26, 2023
Schwab Criticizes NYSE Over System Failure That Roiled TradingStocks for hundreds of companies were affected, and trades were canceled after the wild market swings early Tuesday.
January 26, 2023
T. Rowe Price AUM Slides Nearly 25% in 2022The firm noted it reduced headcount and took other cost-cutting measures last year.
January 26, 2023
NYSE Mayhem Traced to Staffer 700 Miles AwayBehind closed doors, NYSE executives are grappling with both the potential cost and the impact on the exchange's reputation.