Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
BlackRock Launches TIPS ETF Suite
By Dinah Wisenberg BrinThe 10 funds are the industry's first TIPS defined-maturity bond ETFs, BlackRock says.
September 20, 2023
Fed Leaves Rates Unchanged, Signals One More Hike This YearThe FOMC held its target range for the federal funds rate at 5.25% to 5.5%, while it aims to ensure inflation decelerates.
September 19, 2023
SEC Sues Firm That Managed Billions for Russian OligarchConcord Management didn't register but invested over $7 billion for Roman Abramovich with no oversight.
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.