Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
She Was Set to Break Goldman's Glass Ceiling. Now Beth Hammack Is Leaving
By Sridhar NatarajanNow, only one woman is in charge of one of the bank's three units; she leads Platform Solutions, which is being dismantled.
February 21, 2024
'Thousands' of New Vanguard-Style ETFs Seen in $8.4T MarketFidelity, Morgan Stanley and Dimensional Fund Advisors want to use the multi-share class structure due to its tax advantages.
February 20, 2024
Dynasty Taps Schwab Veteran Tim Oden as Executive-in-ResidenceOden, an RIA specialist, joins Dynasty after leaving Schwab last fall.
February 20, 2024
Best & Worst Broker-Dealers: Q4 Earnings, 2023Six large BDs reported a drop in earnings in the final quarter of 2023.
February 19, 2024
Goldman Lifts S&P 500 Target With Profit Optimism to Drive RallyStrategist David Kostin sees the index rising to 5,200 by year-end, implying a nearly 4% rise from Friday's close.
February 16, 2024
Eli Lilly's Climb Has Morgan Stanley Asking the $1T QuestionAmong its product lineup is Zepbound, recently approved for weight loss and predicted to become the best-selling drug in history.
February 16, 2024
Wall Street's ESG Backlash Spurs Jump in ETF ClosuresIn 2023, 36 ESG-labeled ETFs were liquidated in the Americas, more than double the prior year, according to Bloomberg Intelligence data.
February 16, 2024
Goldman Raises CEO Pay 24% After Firm's Profits Slump 24%David Solomon's pay jump to $31 million was greater than every other large bank CEO whose compensation has been disclosed.