Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Risk Assets Swept Up in Rout as 'Fear Gauge' Soars
By Rita NazarethGoldman slashed its target for stocks, warning that a dramatic rise in the outlook for rates will hit valuations.
September 16, 2022
Goldman Sachs Faces Fed Scrutiny of Money-Losing Marcus Consumer UnitFederal Reserve officials have been looking into its online-banking platform for retail clients, say people with knowledge of the matter.
September 15, 2022
UBS Backs Ethic Asset Management Platform: Tech RoundupAlso, Hearsay Systems is adding new functionality to help advisors comply with the SEC's new Marketing Rule.
September 15, 2022
Fidelity, Schwab Among Backers of New Crypto ExchangeEDX Markets will start limited trading of spot, crypto tokens in November, with an official launch set for January.
September 14, 2022
AllianceBernstein Launches Its First Active ETFsThe firm prioritized fixed income products but said there were "many" more active ETFs to come.
September 13, 2022
Investors Aim to Expand ETF Holdings, Want to Customize: Schwab StudyMore than 40% of non-ETF investors expect to buy ETFs in the next two years, the survey says.
September 12, 2022
Goldman Plans to Cut Several Hundred JobsThe move from the banking bellwether is the surest sign yet of a chill that's set in across the industry amid a slump in revenue.
September 12, 2022
Small RIAs vs. 'Meta-Acquirers': Who Has the Advantage?David DeVoe and Brian Hamburger debate the influence of RIA consolidators, private equity, asset managers and insurers.