Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
S&P Would Need to Rise 20% to Look Like '90s Bubble: SocGen
By Alexandra SemenovaThat suggests the stock market can continue its sharp advance despite brewing worries that it has run up too far.
March 12, 2024
There's No Reason to Raise S&P 500 Target: Morgan Stanley's Wilson"We have a situation where people are reaching for risk because there is FOMO," the strategist said.
March 12, 2024
UBS Catch-Up on U.S. Wealth Market Will Take Time: ErmottiThe Swiss bank plans to use parts of Credit Suisse's more muscular investment bank to serve its wealth management clients.
March 12, 2024
Vanguard Watchers Baffled Over CEO's Retirement NewsThe leader of one of the world's largest asset managers announced his exit without naming a successor, inviting questions.
March 11, 2024
Fidelity Cuts About 700 JobsThis is the first headcount reduction in seven years for the Boston-based asset manager.
March 08, 2024
BlackRock to Buy $4.8B SpiderRock Advisors to Boost SMA BusinessThe deal will help BlackRock meet growing demand for tax management and personalization, a wealth exec says.
March 06, 2024
Advyzon Taps Schwab Veteran to Lead New UnitKartik Srinivasan will focus on developing offerings that cater to the growing needs of advisors serving more complex clients.
March 05, 2024
Ameriprise CEO's Pay Rose 24% in 2023A higher salary and more stock and option awards helped push James Cracchiolo's compensation higher.