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 Earnings Marred by $2B Reg Charge
By Hannah Levitt and Kevin Orland"We remain at risk of setbacks as we work to complete the work and put these issues behind us," CEO Charlie Scharf said.
October 11, 2022
Cathie Wood's Open Letter to Fed Draws SnarkWood posted the letter as her ARK Innovation ETF tumbled further. But she's not the only prominent investor taking issue with Fed policy.
October 11, 2022
Vanguard Shakes Up International Explorer FundVanguard determined changes to the fund's advisory structure would best serve shareholders.
October 07, 2022
Stocks Crushed as Jobs Keep Fed on Hiking PathAlmost 95% of the companies in the S&P 500 fell, with a rout in big tech weighing heavily on the market.
October 07, 2022
Investors Could Track Congressional Stock Trades by Party With 2 New ETFsThe ETFs follow stock trades made by Democratic and Republican members of Congress and their spouses.
October 04, 2022
Cash ETFs Draw Record $36B With Even Dalio Changing TuneInvestors "can actually get paid something nominally for being in short-term bonds," said VettaFi's Dave Nadig.
October 04, 2022
Schwab Expands No-Transaction-Fee Fund Offerings for RIAsIt has added more than 800 institutional funds from 15 third-party asset managers.
October 03, 2022
BlackRock Taps U.S. Wealth Chief as Next CFOMartin Small will become the asset manager's next chief financial officer in March as part of a wave of senior management changes.