Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Wells Fargo Preps for Wealth Battle After $1B Turnaround
By Hannah LevittThe bank wants to lure hundreds of independent advisers to FiNet, says wealth and investment chief Barry Sommers.
September 22, 2023
Goldman Sent Inaccurate Data to the SEC on 163M TradesThe bank agreed to pay a $6 million fine.
September 21, 2023
BlackRock Launches TIPS ETF SuiteThe 10 funds are the industry's first TIPS defined-maturity bond ETFs, BlackRock says.
September 20, 2023
Chase Website Users Report Malware WarningOne screenshot indicated that Google Safe Browsing detected malware on chase.com.
September 20, 2023
How 1 Fund Beats Its Benchmark, Year After Year After ...This portfolio team boils down its stock picks to about two dozen companies and rides almost all of them to gains.
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.