Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
S&P 500 Climbs as 90% of Its Shares Push Higher
By Rita NazarethStocks hit fresh all-time highs as the latest economic data reinforced bets the Federal Reserve will cut rates in September.
July 09, 2024
Retirees Worry About Security, Bills: NationwideBut the share who have a strategy to protect assets against market risk is growing, Nationwide finds.
July 08, 2024
Salim Ramji Takes Helm as Vanguard CEO as Firm Faces CriticismThe former BlackRock executive will steer an industry leader facing complaints over customer service and new fees.
July 05, 2024
Putting Retirement Portfolios to Work to Produce IncomeAt Morningstar's conference, Christine Benz and others discussed retirement needs and income strategies to meet them.
July 05, 2024
CAIS Cuts Fees, Seeking to 'Democratize' Alternative InvestmentsThe firm, which works with some 34,000 advisors, is cutting fees to as low as 0.05% for feeder investment funds.
July 05, 2024
Stocks Up as Jobs Report Fuels Push for Fed to 'Get on With It'Markets gained traction on news that the jobless rate hit its highest level since late 2021, which may signal a coming drop in interest rates.
July 03, 2024
One Wall Street Firm Drops S&P 500 Target, Says Practice Is FutilePredicting the benchmark's performance in absolute terms seems pointless given the concentration of firms in the gauge, says a strategist.
July 03, 2024
Wall Street on Alert for Biden Exit as Trump-Win Trades MountThe Wall Street consensus is a Trump re-election resulting in a strong dollar, higher bond yields and gains in bank, health and energy stocks.