Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Neuberger Berman Launches Value Funds Managed by Eli Salzmann
By Joyce HansonNeuberger Berman is launching Large Cap Value Funds in A, C and institutional classes this month after its hire of portfolio manager Eli Salzmann in January.
February 08, 2011
Commonwealth Financial to Raise Payouts, Cut Ticket ChargesCEO Wayne Bloom says move to cut costs for advisors and clients, raise payouts for fee-based advisors reflects growing importance of fee business to the independent BD.
February 07, 2011
Schwab's ETF Assets Grew 34% in Q4 2010In retail-investor accounts, the level of exchange-traded funds has grown 61%.
February 01, 2011
Sovereign Funds Indicate Shift in Strategies: State StreetState Street Global Advisors announced Tuesday that many of the world's leading sovereign funds have been forced to reassess their investment strategies and risk management as a result of the recession.
January 28, 2011
2010 Q4 Earnings, Week Two: Asset Managers All Posted ProfitsDespite concerns about outflows, fourth-quarter is shaping up to be an excellent earnings season for asset management and mutual fund firms. To be sure,…
January 26, 2011
Legg Mason Fiscal Q3: Profits Up 37% on Fees as Outflows PersistAsset manager Legg Mason announced Wednesday a 37% jump in profits for the third quarter of 2011, thanks to an increase in fees, but the firm also reported continuing outflows as investors sought to put their money somewhere other than mutual funds.
January 24, 2011
2010 Q4 Earnings Analysis: Portfolio Managers Weigh Banks’ PerformanceAs fourth-quarter 2010 results come in, portfolio managers who invest in the finance sector are finding that they’ve got a lot of homework on their hands.
January 18, 2011
Choppy seasOne thing that has come out of the double-whammies -- the March 2000 through March 2003 agony and then the 2008 mess (I call that one the Great Debacle) -- is volatility.