Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Morgan Stanley Plans About 2,000 Job Cuts
By Hannah Levitt and Sridhar Natarajan and Matthew MonksThe plan was set in motion before the recent market tumult, sources said.
March 17, 2025
UBS Awards CEO Ermotti $17M Amid Political ScrutinyHe is one of Europe’s best-paid bank leaders, but his full-year compensation has been cut since 2023.
March 14, 2025
State Street Tries to Tap Long-Lost Mojo With Private Credit ETFThe ETF, rolled out with Apollo Global, has had only about $5 million of net inflows so far.
March 14, 2025
Capital Group Launches 8 Model Portfolios Built on Active ETFsThe introduction comes in response to advisor demand, the investment manager said.
March 13, 2025
Vanguard Faces Class-Action Suit Over $100 Exit FeeThe charge is a "junk fee" meant to penalize customers who close accounts, the suit contends.
March 11, 2025
How Fink, Wall Street’s Ultimate Key Man, Holds Tight to BlackRockThrough some $30 billion in deals, he aims to make the firm a dominant force in the private and public markets.
March 10, 2025
SEC Approves Retail-Friendly Blackstone Private Credit FundThe interval fund will offer exposure to areas such as real estate, direct lending and asset-backed loans.
March 07, 2025
T3 Event Highlights: AI, Data Integration and Fintech's FutureThe next era of financial advisory services will be defined by intelligent automation and personalized scalability.