Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
DOL's Gomez Lays Out Fiduciary Rule's Chief Goals
By Melanie WaddellDOL's two-day public hearing on its new fiduciary plan kicked off Tuesday, with more than 40 groups set to testify.
December 08, 2023
Mercer Buys Vanguard's Outsourced CIO BusinessThe unit provides investment management services for nonprofit organizations and other institutional investors.
December 08, 2023
Jeffrey Gundlach: 10 Market, Economic Predictions for 2024A recession looms as debt soars and public trust nears all-time lows, the DoubleLine CEO says.
December 08, 2023
FINRA Tried to Ban Firm for 60,000% Fee Hike. It's Fighting Back.Alpine and three other firms are challenging FINRA's power in court; the Supreme Court may rule on the matter next year.
December 07, 2023
Treasury Rally on Fed Bets Is Just Getting Started: BofAThe bank forecasts the benchmark yield to end next year at 4.25%, not too far off current levels.
December 07, 2023
Best & Worst Broker-Dealers: Q3 Earnings, 2023The latest earnings included a big loss for one firm, declines for four and stronger results for six.
December 07, 2023
GMO's $8B Fund Is Beating S&P 500One Grantham fund is up roughly 25% even though it avoided two of the benchmark's biggest gainers: Nvidia and Tesla.
December 07, 2023
Vanguard Rolls Out 2 Active Bond ETFsThe new ETFs offer diversified fixed income exposure with low correlation to stocks, the fund giant says.