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 500 Closes Above 5,000
By Rita NazarethEmboldened by bets on a soft landing and the power of AI, equities are defying doomsayers and warnings about an overstretched market.
February 07, 2024
Stocks Closes on the Brink of Historic 5,000 MarkEquities extend a torrid surge from their October 2022 lows on prospects that a solid economy will keep fueling corporate earnings.
February 07, 2024
Model Portfolio Growth Stalling While SMAs Gain Favor: ReportConcerns about underperformance and fees, combined with the need for more customization are behind the shift, Escalent says.
February 06, 2024
Kansas City Chiefs Owner Sees Private Equity as Option for NFLThe NFL remains off limits to private equity investors and relies on ultra-high-net-worth individuals to offer billions to buy franchises.
February 05, 2024
BofA Cuts CEO Moynihan's Pay 3% to $29M for 2023Morgan Stanley's James Gorman and Wells Fargo's Charles Scharf each received pay hikes of 17% or more last year.
February 05, 2024
SS&C Seeks $889M in Appeal of BNY Data-Misuse CaseBNY Mellon "destroyed and refused to produce relevant evidence" that would have shown how it used market data from SS&C, the appeal says.
February 05, 2024
Big Tech Stocks Face High Bar to Sustain Gains in 2024While Nvidia's revenue is expected to soar 119% from the year prior, Alphabet's is seen dropping 7%, according to Bloomberg data.
February 02, 2024
Stock Bull Run Powers Ahead as Economy RoarsEconomic optimism is outweighing bets that the Federal Reserve will refrain from cutting rates in the first quarter.