Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Columbia Threadneedle Cuts 14 Portfolio Managers
By Dinah Wisenberg BrinAmid layoffs, most PMs and analysts from three U.S.-based equity teams will leave at year's end.
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.
November 09, 2023
Wirehouse Comp Plans for 2024: What's In, What's OutExperts weigh in on payout changes at Merrill, Morgan Stanley and UBS and what they mean for financial advisors.
November 08, 2023
Gundlach: Recession Will Crush 'Magnificent 7' Stocks in 2024"I would get out of them," Gundlach said, discussing what stock investors should buy instead.
November 08, 2023
Citigroup to Pay $25.9M for Armenian-American DiscriminationFrom 2015 to 2021, it singled out credit card applicants suspected of being of Armenian descent based on their surnames.
November 07, 2023
UBS Kicks Out Billions of Rich Credit Suisse Client MoneyAlso, $30 billion of assets in the wealth unit were reclassified as "related to non-strategic relationships," the bank said.
November 06, 2023
Future Proof Partners to Stage March EventThe gathering in Colorado will offer three types of networking and activities for a smaller wealth management crowd.
November 06, 2023
Stocks Hold Gains After Big Rally on Fed RatesBut a rally in stocks could be short-lived since equities don't fully reflect rates remaining higher for longer, says one analyst.