Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Western Asset's Leech Leaves CIO Role Amid SEC, DOJ Probes
By Silla BrushRegulators are looking into if some clients were favored over others in the allocation of gains and losses from derivatives trades.
August 21, 2024
TD Takes $2.6B Hit on Probe, Sells Schwab SharesThe bank is selling part of its stake in Charles Schwab to cover fines it expects to pay for failures in its money-laundering controls.
August 21, 2024
Oaktree Nears Deal to Buy Big Stakes in 2 B. Riley UnitsThe asset manager is not looking at the firm's wealth management operations, which include about $26 billion in assets.
August 20, 2024
10 Best Robo-Advisors: Q2 2024The robo industry has reached a mature phase, with over $1 trillion in assets, according to Condor Capital.
August 20, 2024
Morgan Stanley's Bloomer, Other Yacht Passengers Feared DeadMorgan Stanley International Chair Jonathan Bloomer is among those lost after a luxury yacht sank Monday off the coast of Sicily.
August 20, 2024
Best & Worst Broker-Dealers: Q2 Earnings, 2024Most large firms reported higher profits in the second quarter, but some disclosed challenges tied to their cash sweep programs.
August 20, 2024
Morgan Stanley International Chair Missing After Yacht SinkingJonathan Bloomer, 70, has worked in the finance industry for five decades and earler held senior roles at Prudential Plc.
August 19, 2024
Wall Street Builds on $3T Stock RallyA bumpy stretch across the markets in the dog days of July and August hasn't tempered investors' zest for stocks.