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's Bloomer, Other Yacht Passengers Feared Dead
By Flavia RotondiMorgan Stanley International Chair Jonathan Bloomer is among those lost after a luxury yacht sank Monday off the coast of Sicily.
August 19, 2024
Wall Street Builds on $3T Stock RallyA bumpy stretch across the markets in the dog days of July and August hasn't tempered investors' zest for stocks.
August 19, 2024
JPMorgan Jumps Into 401(k) Annuity MarketThe bank is looking to offer target-date funds with annuitization features, including options from Equitable and Prudential.
August 19, 2024
Icahn Reaches $2M SEC Settlement After Margin Loans ProbeThe investigation started after a report by short-seller Hindenburg Research sent shares in Icahn's investment firm tanking.
August 18, 2024
NFL Owners, Leaders to Meet on Private Equity Stakes in TeamsIn May, team owners were zeroing in on plans to let institutional investors buy up to 10% of clubs.
August 17, 2024
What Panic? Stocks Are Quickly on Their Way Back to Record HighsThe S&P 500 has already recovered all of its August decline and is now just 2.2% away from its mid-July record high.
August 16, 2024
Complaint Accusing Advisor of Churning Retirees' Accounts DroppedIn the case, an RIA had been blamed for costing a couple over $800,000 through excessive and inappropriate trades.
August 16, 2024
Raymond James' Expands Leadership ReshuffleThe firm's latest shifts come five months after Chief Executive Officer and Chair Paul Riley said he planned to retire from the CEO slot.