Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Ken Fisher Can't Have It All
By Michael FinkeFisher famously hates annuities, but there are times when they are clearly in clients' best interest.
January 12, 2024
Citi to Cut 20,000 JobsIn all, Citigroup's firmwide headcount is set to decline by 60,000 jobs to 180,000 by the end of 2026.
January 12, 2024
Morgan Stanley to Pay $249M to End Block Trade ProbesAs part of the agreement, Morgan Stanley will pay about $113 million to the SEC, the regulator said Friday.
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.