Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Bob Doll Named Crossmark CEO
By Dinah Wisenberg BrinDoll, a longtime market forecaster and strategist, will also keep his chief investment officer role.
January 12, 2024
BlackRock Buys Infrastructure Firm for $12.5B in Big Alternatives PushThe purchase of GIP, which manages $100 billion, comes as BlackRock's total assets top $10 trillion.
January 11, 2024
Spot Bitcoin ETF Trades Top $3.5B on 'Ground-Breaking' First DayThe Grayscale Bitcoin Trust and BlackRock's iShares Bitcoin Trust proved very popular with investors Thursday.
January 11, 2024
Morgan Stanley Could Pay Up to $300M to Settle Trading ProbeThe yearslong investigation has focused on its employees' handling of stock sales big enough to move markets.
January 10, 2024
SEC Approves Spot Bitcoin ETFs in Crypto's BreakthroughAs a result, funds from BlackRock, Fidelity, Invesco and other firms can start trading Thursday.
January 10, 2024
Ark's Cathie Wood Says SEC Hack Shouldn't Delay Bitcoin ETF DecisionShe made the remarks as Wednesday's deadline loomed for a ruling on about 12 applications for spot bitcoin funds.
January 09, 2024
BlackRock to Cut 3% of Workforce"We see our industry changing faster than at any time" since the firm's founding in 1988, CEO Larry Fink said.
January 09, 2024
Morgan Stanley Displaces Citigroup as Least-Loved Big Bank StockAs bank-stock analysts have reconfigured their ratings for 2024, Citigroup scored upgrades.