Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Gundlach Tangles With Ex-Partners Over Value of DoubleLine Stakes
By Hema ParmarThe drawn-out litigation is one of several recent spats among mega alternative asset managers.
July 14, 2023
Schwab to Close, Downsize Offices in 10 CitiesAffected employees will work remotely, in a shift from a recently announced return-to-office mandate.
July 13, 2023
15 Biggest Compliance Challenges for Advisors in 2023One compliance topic was picked by 70% of respondents as among the hottest.
July 13, 2023
S&P 500 on Track to Hit Record High Before Year-End: GoldmanAnd Ed Yardeni, an early cheerleader of this bull run with a year-end target of 4,600, says he may raise his forecast to 4,800.
July 13, 2023
Meet the LUMINARIES Class of 2023 FinalistsOur judging panel is reviewing the list, and the winners will be announced Nov. 28 at our New York gala.
July 12, 2023
Allianz U.S. Unit Ordered to Pay $6B in Securities Fraud CaseIts structured alpha funds lost $7 billion during the early days of the pandemic in 2020, spurring many investor lawsuits.
July 11, 2023
BofA to Pay $250M Over Extra Fees, Unauthorized CardsThe CFPB fined the bank for "double-dipping" on fees imposed on clients with insufficient funds in their accounts.
July 11, 2023
Schwab Sweeps $1M-Plus Clients Into New Private Client ServicesThese clients now have access to a dedicated Schwab consultant at no additional cost.