Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Munger's Top One-Liners on Business, Life and More
By Katherine ChiglinskyCharlie Munger's blunt style differed greatly from the more folksy style of Berkshire Hathaway partner Warren Buffett.
November 21, 2023
Citi Wealth Services Head to Leave After Three DecadesThe shift was announced by newly appointed wealth management chief Andy Sieg, formerly with BofA Merrill.
November 21, 2023
Fidelity International CEO Unexpectedly Steps DownFidelity International assets almost doubled during Anne Richards' tenure to $714.3 billion as of Sept. 30.
November 20, 2023
Citigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringThe cuts are part of the bank's plan to shift from two core operating units to five key businesses, including wealth management.
November 20, 2023
Morgan Stanley Taps Finn to Run $4.8T Wealth UnitLike his supervisor Andy Saperstein and CEO James Gorman, Finn was previously an executive at McKinsey & Co.
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.