Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
BofA Freezes Most Hiring
By Katherine Doherty and Marion HalftermeyerThe bank will hold off on adding new workers in some business units until at least mid-year or signs of an economic turnaround.
January 13, 2023
BlackRock Takes Stake in 401(k) StartupThe startup, Human Interest, aims to expand retirement plans access for small and medium-sized firms.
January 13, 2023
JPMorgan, BofA Show Gains in Headcount as Wells Fargo's DropsDespite layoffs across the finance industry, there were no signs of staffing pullbacks at two large banks.
January 11, 2023
Jeffrey Gundlach's 9 Market and Economic Predictions for Investors, Advisors"It's pretty obvious the Fed is not in control," DoubleLine's CEO says. "The bond market is in control."
January 11, 2023
BlackRock Plans to Cut 500 JobsThe 2.5% trimming of its global workforce is the such move at New York-based asset manager since 2019.
January 10, 2023
3 Keys to Catching the Next Investment WaveClinging to old investing themes means missed opportunities, Richard Bernstein Advisors says.
January 10, 2023
BlackRock, Fidelity Warn Markets Are Underestimating Inflation AgainHigh inflation should persist, with little hope that a recession will spur the Fed to cut rates, according to one group of analysts.
January 09, 2023
Morgan Stanley COO to DepartJon Pruzan, once seen as a potential replacement for CEO James Gorman, is leaving after 28 years with the firm.