Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
BlackRock to Manage Up to $150B of AIG Assets
By Max Reyes and Silla BrushThe news comes as the New York-based insurer is preparing to split off its life and retirement business via an IPO.
March 24, 2022
Fidelity Launches Business Mimicking Hedge-Fund StrategiesThe firm plans to leverage growing interest in liquid alternatives as well as offer more diversified strategies to clients.
March 24, 2022
Fidelity Fund Pioneer Edward Johnson III Dies at 91He revolutionized financial management by promoting mutual funds for retirement plans and money-market checking accounts.
March 24, 2022
Fidelity Enhances Bond Beacon: Tech RoundupAlso, Oppenheimer has launched its Investor Gateway wealth management technology platform.
March 23, 2022
5 Ways to Lower RMDs, Help Clients Reduce Medicare SurchargesStrategies to trim required minimum distributions can lessen the impact of income-related monthly adjustment amounts, or IRMAAs.
March 21, 2022
Schwab Launches Thematic Stock ListsThis new resource provides retail clients with access to dozens of investing themes, it says.
March 21, 2022
Warren Buffett to Buy Insurer Alleghany for $11.6BBerkshire Hathaway gains a large property-casualty group with reinsurance operations via its Transatlantic Holdings unit.
March 21, 2022
One of Wall Street's Most Vocal Bears Says Sell the RallyThe pessimistic outlook of Morgan Stanley's chief U.S. equity strategist follows a 6.2% rebound in the S&P 500.