Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Active Fund Managers Off to Lousy Start This Year
By Lu WangJust one in three active funds topped its respective equity benchmark in the first quarter, according to Bank of America data.
April 03, 2023
Lots of Once-Trendy ETFs Are ClosingFrom meme-focused funds to crypto-themed products, closures of niche-themed ETFs are mounting, with a few exceptions.
April 03, 2023
Is Sieg's Departure 'Beginning of the End' for Merrill's Thundering Herd?There's a risk the Merrill brand could be phased out over the next few years, says industry consultant Jeff Nash.
April 03, 2023
The Tech Stock Rally Is Overdone: Morgan StanleyThe Nasdaq 100 has recently soared over 20% as investors flee economically sensitive sectors like banks.
April 02, 2023
UBS to Cut Staff Up to 30%; Prosecutors Look at Credit Suisse DealFirms such as Citigroup and JPMorgan Chase are gearing up to recruit some of the wealth managers likely to be let go.
March 31, 2023
Schwab Eyes Worst Month Since 1987Its banking unit is dealing with some of the same issues that plagued the now-defunct Silicon Valley Bank.
March 30, 2023
Top 10 Third-Party Asset Managers of 2023: BroadridgeMany of these asset managers have improved their rankings despite troubled markets, a Broadridge report finds.
March 30, 2023
Average Wall Street Bonus Plunges 26%This meant the typical bonus paid to employees in New York's securities industry fell to $176,700, the lowest since 2019.