Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Massachusetts Risks $1B in Lost Tax Revenue as Rich Flee
By Sri TaylorThe state recently enacted a 4% surcharge on income over $1 million, which generated about $1.8 billion in revenue over nine months.
May 21, 2024
S&P 500 Wavers Near Record in Run-Up to Nvidia EarningsThe index hovered near 5,315, as market watchers await the chipmaker's latest earnings report, set for tomorrow after the close.
May 21, 2024
State Street Debuts SPDR Portfolio Treasury ETFSPTB provides low-cost exposure to U.S. Treasury securities that mature in a year or longer.
May 21, 2024
Is a Market Melt-Up Coming? Here Are the Risks to Watch: Ed YardeniLooking to the near future, the economist sees two bullish scenarios and one bearish one, he tells ThinkAdvisor.
May 20, 2024
Jamie Dimon Says Succession at JPMorgan Is 'Well on the Way'The JPMorgan CEO told shareholders the timetable is "not five years anymore," in response to a question about his tenure.
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.