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 Removes Manager From $45B Fund
By Bernice NapachJackson Square Partners was removed as an advisor to the $45.5 billion U.S. Growth Fund and an insurance-related fund.
January 22, 2021
Mediocre Returns Lie Ahead: Asset ManagersMorningstar's Christine Benz looks at what some major investment firms forecast for stocks and bonds over the next seven to 10 years.
January 21, 2021
BlackRock Moves to Add Bitcoin Futures to 2 FundsSEC filings say its Strategic Income Opportunities Portfolio and Global Allocation Fund can each invest in the cryptocurrency's futures.
January 07, 2021
State Street and Pimco Team Up in Launch of Cloud-Based Asset Platform: Tech RoundupMicrosoft and McKinsey are also involved. Meanwhile, Franklin Templeton teams with Vestwell on a new managed account offering.
December 22, 2020
Schwab to Pay $12M Fine to U.K. RegulatorsThe firm agrees to pay nearly £9 million to settle alleged compliance failures, the Financial Conduct Authority says.
December 17, 2020
Vaccine Hopes Spark Fund Managers' Optimism: BofAInvestors are underweight cash for first time in more than seven years, Bank of America reports.
December 15, 2020
Vanguard Total Stock Market Index Fund Becomes World's Only Trillion-Dollar Stock FundAssets of the fund, which has both a mutual fund and an ETF share class, reached $1.035 trillion as of Nov. 30.
December 15, 2020
Gundlach to Co-Manage New FundThe DoubleLine Multi-Asset Trend Fund will seek to match the performance of the BNP Paribas Multi-Asset Trend Index.