Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Vanguard Funds Leak $3B in Rare Month of Net Outflows
By Dinah Wisenberg Brin"Tumbling equity markets and declining bond prices made some investors head for the exits," Morningstar said.
October 18, 2022
BlackRock's Troubles Mount as Missouri Pulls $500MThis follows Louisiana's move to pull $794 million due to the asset manager's stance on sustainable investing.
October 17, 2022
Credit Suisse Said to Begin Sale of U.S. Asset Management ArmIt shares have fallen more than 48% this year, giving it a market value of about $12 billion.
October 17, 2022
Interest Rates Will Hit 9% If Inflation Persists: Mark MobiusThe former Franklin Templeton executive also warns that commodity prices could be hurt by cooling demand.
October 17, 2022
The Coming Fight for the Loyalty of the Millennial Mass AffluentDigital disruption is coming for the wealth management industry in expected and unexpected ways.
October 17, 2022
Goldman to Shake Up Wealth, Other Units in Latest OverhaulThe Wall Street giant plans to once again combine its asset management and private wealth businesses, say people familiar with the matter.
October 14, 2022
Fed Exec Reveals Trading Violations; Powell Opens ProbeRaphael Bostic's revelations start a new phase of an embarrassing and damaging Federal Reserve ethics scandal that erupted last year.
October 14, 2022
Wells Fargo Earnings Marred by $2B Reg Charge"We remain at risk of setbacks as we work to complete the work and put these issues behind us," CEO Charlie Scharf said.