Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Wall Street Hit by Fears Economy Is in 'Danger Zone'
By Rita NazarethEd Yardeni said today's selloff is like the '87 crash, when the economy averted a downturn despite investors' concerns.
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.
August 01, 2024
Stocks Sink as Economic Jitters Fuel Rush to BondsThe S&P 500 dropped 2%. The Nasdaq 100 sank 3%. The Russell 2000 of small caps tumbled 3.5%.
August 01, 2024
'Dr. Doom' Moves to Launch His First ETFEconomist Nouriel Roubini, who predicted the 2008 financial crisis, would help lead the the Atlas America Fund.