Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
State Street Debuts SPDR Portfolio Treasury ETF
By Dinah Wisenberg BrinSPTB provides low-cost exposure to U.S. Treasury securities that mature in a year or longer.
May 20, 2024
Crypto Firm Grayscale Turns to Wall Street for New CEOPeter Mintzberg, global head of strategy for asset and wealth management at Goldman Sachs Asset Management, will become its new CEO.
May 20, 2024
One of the Last Big Bears on Wall Street Turns Bullish on StocksMorgan Stanley's Michael Wilson now sees the S&P 500 rising 2% by June 2025, a big shift from his earlier bearish view.
May 19, 2024
Wall Street Is Worried Over T+1's Quicker Settlement TimeA spike in failed trades, operational glitches and extra costs are among industry fears as the trading process accelerates on May 28.
May 17, 2024
El-Erian Says Fed's High Rates Are at Odds With Market"As they are doing the U-turn and stay higher for longer, the market is going the other way," the economist said.
May 16, 2024
Most Americans Lack Confidence in Managing Inheritance Alone: SurveySixty-one percent of respondents said they would use a financial advisor if they received a large sum.
May 16, 2024
UBS Considering U.S. CEO Role in Strategic RevampThe firm is the largest wealth manager in the world outside the U.S., where it's struggled to expand.
May 16, 2024
Next Vanguard CEO Sees Millions of Potential New Clients in U.S.Salim Ramji told the Financial Times he sees opportunities to scale but expressed commitment to John Bogle's mission.