Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Portfolio Manager Barry Gilbert Leaves LPL for Carson Group
By Dinah Wisenberg BrinAfter 10 years at the firm, the asset allocation strategist follows three other LPL veterans.
July 19, 2023
Nassau Financial Forms $8.4B Specialty Credit ArmThe business will invest in the "performing and opportunistic" loan and bond markets.
July 19, 2023
Wall Street Layoffs Hit 21,000Bank of America, for instance, has shrunk its headcount by about 5,000 since January and isn't replacing staff who leave.
July 19, 2023
Fidelity Starts an Annuity Reinsurer in BermudaFidelity says the new unit, Soteria Re, will start by reinsuring the company's own business.
July 19, 2023
Meet the 2023 LUMINARIES JudgesThese 17 industry experts recently reviewed the Class of 2023 Finalists in four award categories.
July 18, 2023
Morgan Stanley CEO: Worst of Industry Downturn Is OverShares of the bank surged 7% after executives gave an optimistic forecast.
July 18, 2023
Gundlach Tangles With Ex-Partners Over Value of DoubleLine StakesThe drawn-out litigation is one of several recent spats among mega alternative asset managers.
July 18, 2023
Former Voya CFO to Take Over as Talcott ChairMichael Smith also worked for Lincoln Financial for 12 years before moving to Voya in 2009.