Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Morgan Stanley, Goldman at Odds on S&P 500's Bull Market Rally
By Sagarika Jaisinghani & Farah Elbahrawy"More are declaring the bear market officially over; we respectfully disagree due to our 2023 earnings forecast," said Morgan Stanley's Michael Wilson.
June 06, 2023
The 20 Biggest Asset Managers in the World: Q1 2023Fourteen of the world's 20 biggest asset managers are based in the U.S., according to ADV Ratings.
June 05, 2023
Glitch at JPMorgan Chase Caused Double Online Transactions"My account is at negative," one Twitter user posted about the bank's issues, which have since been resolved.
June 05, 2023
SEC Sues Binance and CEO for Breaking Securities Rules"Through 13 charges, we allege that Zhao and Binance entities engaged in an extensive web of deception ... and calculated evasion of the law," said SEC Chair Gary Gensler.
June 01, 2023
JPMorgan to Close 21 First Republic BranchesThe bank took over 84 First Republic branches when it bought San Francisco-based First Republic a month ago.
May 31, 2023
8 Trends Shaping the Future of Portfolio ManagementHere's what's next for RIAs, BDs, wirehouses and their tech partners, according to Aite-Novarica.
May 31, 2023
Franklin Templeton to Buy PutnamFranklin, which managed $1.4 trillion in April, has been on a deal spree — buying two alternative-asset managers over the past two years.
May 30, 2023
Goldman Planning Another Round of Job CutsThe move comes a few months after the bank had one of its biggest rounds of job cuts ever: 3,200 positions were trimmed in January.