Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Fidelity International CEO Unexpectedly Steps Down
By Loukia GyftopoulouFidelity International assets almost doubled during Anne Richards' tenure to $714.3 billion as of Sept. 30.
November 20, 2023
S&P 500 Rally May Be at Risk After 9.6% Gain in 3 WeeksRick Bensignor, a former Morgan Stanley strategist, suggests trimming exposure by midweek if the gauge nears 4,560.
November 14, 2023
Stocks Rally on View Fed 'Endgame' Is NighMore than 95% of the S&P 500 companies rose, with the gauge up about 2% Tuesday.
November 14, 2023
Schwab's October Asset Flows PlummetThe firm recently trimmed about 5% of its workforce, laying off roughly 2,000 employees.
November 10, 2023
Columbia Threadneedle Cuts 14 Portfolio ManagersAmid layoffs, most PMs and analysts from three U.S.-based equity teams will leave at year's end.
November 10, 2023
S&P 500 Tops 4,400 as Stock Rally Powers AheadThe gauge climbed over 1% Friday and was on track for a seven-week high.
November 09, 2023
Morgan Stanley Wealth Management Draws Fed ScrutinyThe regulatory focus is on measures to prevent potential money laundering by non-U.S. wealthy clients.
November 09, 2023
JPMorgan Is Working With Regulators on Generative AI ProjectsThe bank has applied to trademark IndexGPT, a pilot program that aims to offer investment advice to customers.