Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
'As an Industry, We Can Do Better' for Clients, RIA Says
By Jane Wollman Rusoff"Wall Street uses tricks to fool customers," Merrill advisor turned RIA Christopher Manske says.
August 05, 2024
Global Selloff Intensifies With Focus on Fed RescueNasdaq 100 Index futures are down over 4%, and earlier Japanese equities crashed by the most in over a decade.
August 04, 2024
Berkshire Cuts Apple Stake by Almost HalfThe conglomerate, led by Warren Buffett, sold $75.5 billion worth of stock on a net basis in the second quarter.
August 02, 2024
JPMorgan, Citi Predict Two Supersized Fed Cuts This YearFed policymakers met earlier this week and signaled a start to lower borrowing costs as soon as September.
August 02, 2024
S&P 500 Is Set for Worst Jobs Day in Two Years"The big question is are we sliding right into a recession?" said Ryan Detrick at Carson Group.
August 01, 2024
Vanguard Fund to Change Management TeamJean Hynes will stop co-managing its health care fund next year, when Rebecca Sykes is set to become sole manager.
August 01, 2024
Bill to Expand 403(b) Plan Menus With CITs Lands in SenateThe legislation mirrors popular parts of a broader House bill that passed the lower chamber in March.
August 01, 2024
BNP in Talks to Buy Axa Asset Managers for $5.5BA special attraction for BNP was Axa's pool of alternative assets, a fast-growing and lucrative part of asset management.