Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Cathie Wood's Ark Shutters Transparency ETF in First Closure
By Claire BallentineThe fund gained only $12 million in assets since inception, a fraction of the $9 billion in Wood's flagship fund.
July 18, 2022
Wall Street Set for New ETF Gold Rush as Single-Stock Era BeginsAll told, at least 85 more such ETFs are currently planned, according to filings tracked by Bloomberg, covering some 37 companies.
July 18, 2022
Morgan Stanley, Goldman Say Stocks Have Yet to Find a BottomAlso, JPMorgan strategists say that markets could experience more challenging earnings-related news over the summer.
July 14, 2022
Wall Street Chiefs Stare Down Recession Fear With Upbeat OutlookJPMorgan CEO Jamie Dimon and Morgan Stanley CEO James Gorman are bullish despite their firms reporting second-quarter results that missed expectations.
July 13, 2022
Voya Picks Heather Lavallee to Succeed Martin as CEO in 2023Under the new leadership, Lavallee says Voya will remain committed to helping clients with their health, wealth and investment needs.
July 08, 2022
Envestnet Buys Advisor Billing Provider: Tech RoundupAlso, the Digital Assets Council of Financial Professionals added a new online self-study course for advisors.
July 08, 2022
Predicting Better Days Ahead, LPL Leans Into Equities"We think now may be a good time for those with some dry powder to nibble at this market," says LPL Equity Strategist Jeff Buchbinder.
July 07, 2022
What 4 Different Russia-Ukraine Scenarios Could Mean for MarketsColumbia Threadneedle's top asset allocator says there's a 60% chance Russia isn't leaving Ukraine anytime soon.