Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Fidelity, Russell and SEI Quizzed by DOJ as Ken Leech Probe Ramps Up
By Ava Benny-Morrison & Silla BrushMoney managers that used Western Asset Management to help invest their bond portfolios are being questioned by authorities.
October 17, 2024
$200K Transfer Goes Awry After One Dropped Digit: LawsuitAn unintended recipient has kept the money, says a lawsuit seeking restitution.
October 16, 2024
Affluent 'Advice Seekers' Want One Advisor but Seek Better Options: CerulliAdvisors need to build credibility with these investors to keep them loyal, Cerulli says.
October 15, 2024
10 of John Buckingham's Favorite Overlooked Stocks"I'd rather buy things that haven't had their day in the sun," the market-beating manager says.
October 15, 2024
Citi Posts Gains Across Board as Trading Beats ExpectationsCitigroup Inc.'s traders turned in their best third-quarter performance in at least a decade as they benefited from the surge in volatility across asset…
October 15, 2024
Goldman Profit Jumps 45%; Stock Trading Set for Record YearThe bank's asset and wealth management business posted revenue of $3.75 billion, up 16% from a year earlier.
October 15, 2024
Schwab Soars on Earnings Beat as Firm Pays Down Costly DebtEarlier this month, the firm named Rick Wurster as its next chief executive officer.
October 14, 2024
B. Riley Sells Majority Stake in Great American to Oaktree FundsThe deal could help the troubled broker-dealer and investment firm, now wrestling with a debt load estimated at about $2 billion.