Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
How 1 Fund Beats Its Benchmark, Year After Year After ...
By Justina LeeThis portfolio team boils down its stock picks to about two dozen companies and rides almost all of them to gains.
September 18, 2023
Biggest U.S. Pension's Investment Boss Pushed Sports Deals Before Calling It QuitsBased on returns though June, the fund has ranked below 80% of its peers for the past two fiscal years.
September 15, 2023
Ex-Wells Fargo Exec Avoids Prison Over Accounts ScandalCarrie Tolstedt agreed to a ban on working in the banking industry and to pay $21 million in civil penalties to regulators.
September 15, 2023
Here's Why Schwab Continues to Lose TD Advisory AssetsIn August, its core net new assets fell 64% from July to $4.9 billion; they dropped 89% year over year.
September 11, 2023
10 Insights Into Teens and Money: FidelityA study shows that many teenagers say investing is important, but less than a quarter have started.
September 11, 2023
How to Tweak Portfolios Now: Morgan StanleyStrategist Michael Wilson says markets aren't reflecting the risk of a recession and recommends this "barbell" approach.
September 11, 2023
Why Cetera's $1B Avantax Deal Is a 'Powerful' MoveThe deal brings Cetera a new custodial relationship and platform, according to CEO Adam Antoniades and others.
September 08, 2023
Prudential, Warburg Pincus Team Up to Back New ReinsurerThe deal means Pru can unload assets like variable annuities and guaranteed universal life insurance policies.