Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
BofA Cuts CEO Moynihan's Pay 3% to $29M for 2023
By Katherine DohertyMorgan Stanley's James Gorman and Wells Fargo's Charles Scharf each received pay hikes of 17% or more last year.
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.
January 31, 2024
20 Years In, T3 Remains an Emerging Tech BarometerA decade ago, the hot topic was robos. Then came direct indexing. Here's what the industry's talking about now.
January 30, 2024
'Big Short' Investor Shrugs Off Warnings on Deficit, StocksSteve Eisman, now with Neuberger Berman, says he's "more long-oriented" on the U.S. market despite others' deep concerns.
January 30, 2024
U.S. Faces 'Death Spiral' of Swelling Debt"Black Swan" author Nassim Nicholas Taleb says the deficit is reaching a point where the damage would take a miracle to reverse.
January 30, 2024
Vanguard Launches Two Tax-Exempt ETFsExpense ratios for the new funds are lower than the average for competing products, the investment giant says.
January 29, 2024
Wells Fargo Boosts CEO Scharf's Pay to $29M for 2023Scharf, 58, took the reins of Wells Fargo in 2019 with the mission of moving it past a series of scandals.
January 29, 2024
Why Vanguard's Bitcoin Stance Is a Good Move: MorningstarThe move by the fund giant is in line with John Bogle's view that investors "avoid bitcoin like the plague," wrote John Rekenthaler.