Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
MOVEit Hack Put Fidelity Retirement Plan Participant Data at Risk
By Dinah Wisenberg BrinA firm providing services to Fidelity says a hack on a system it uses may have exposed customer data.
July 13, 2023
S&P 500 on Track to Hit Record High Before Year-End: GoldmanAnd Ed Yardeni, an early cheerleader of this bull run with a year-end target of 4,600, says he may raise his forecast to 4,800.
July 13, 2023
Meet the LUMINARIES Class of 2023 FinalistsOur judging panel is reviewing the list, and the winners will be announced Nov. 28 at our New York gala.
July 12, 2023
Allianz U.S. Unit Ordered to Pay $6B in Securities Fraud CaseIts structured alpha funds lost $7 billion during the early days of the pandemic in 2020, spurring many investor lawsuits.
July 11, 2023
BofA to Pay $250M Over Extra Fees, Unauthorized CardsThe CFPB fined the bank for "double-dipping" on fees imposed on clients with insufficient funds in their accounts.
July 11, 2023
Schwab Sweeps $1M-Plus Clients Into New Private Client ServicesThese clients now have access to a dedicated Schwab consultant at no additional cost.
July 10, 2023
1 in 6 Asset, Wealth Managers Likely Gone by 2027: PwCAccording to the survey, 73% of asset managers are considering a strategic consolidation with another asset manager.
July 10, 2023
Bob Doll Warns Against Chasing the Stock Rally"At this point ... we value capital preservation over return maximization as a portfolio goal," the CIO said.