Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Principal Names Deanna Strable CEO
By Allison BellDan Houston will continue to be the chairman of the company, which has $1.7 trillion under administration.
November 08, 2024
Schwab Launching Mortgage-Backed Securities ETFThe new fund, containing U.S. government-backed investment-grade securities, starts trading this month.
November 08, 2024
Here's Who Could Lead Trump's Economic AgendaHe's likely to pick top advisors and cabinet secretaries from a pool of Wall Street and business executives.
November 08, 2024
PGIM Taps Morgan Stanley Exec as Next CEOJacques Chappuis will take the helm of the Prudential Financial asset management unit on May 1, 2025, replacing David Hunt.
November 08, 2024
Invesco to Pay $17.5M Over Misleading StatementsIt misrepresented the percentage of assets that took ESG factors into consideration, the SEC said.
November 07, 2024
Fed Cuts Rates; Powell Says He Wouldn't Resign If Asked By TrumpFederal Reserve Chair Jerome Powell said removal or demotion of any Fed board leader is "not permitted under the law."
November 07, 2024
11 Best & Worst BDs: Q3 Earnings, 2024Seven of these large BDs posted profit growth from last year, while earnings fell at four.
November 07, 2024
Vanguard to Pay $40M in Target-Date Sell-Off CaseIt caused an "elephant stampede" sale of these funds when it opened institutional products to more retirement plans.