Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
BNY Mellon Taps Robin Vince as Next CEO
By Janet LevauxVince joined BNY Mellon in October 2020 after working for 26 years at Goldman Sachs in several executive roles.
March 16, 2022
How Direct Indexing Helps Clients Cope With Market Volatility, TaxesMonali Vora, a partner at Goldman Sachs Asset Management, says every client wants a portfolio tailored to their financial goals.
March 14, 2022
Anti-ARK ETF Trades Above Cathie Wood's Flagship for First TimeTuttle Capital's Short Innovation ETF uses swap agreements with big financial firms to deliver the inverse of ARK Innovation's performance.
March 14, 2022
Half of Institutional Investors See High Inflation in 3 Years: PollMost respondents are changing portfolio allocation and risk in response, Clearwater Analytics found.
March 11, 2022
Gundlach's DoubleLine Gets SEC Green Light to Launch Its First ETFsThe firm is set to move forward on launching the DoubleLine Opportunistic Bond and DoubleLine Shiller CAPE U.S. Equities ETFs.
March 11, 2022
Behind Allianz's $4B Fund Blowup, Red Flags and Fat FeesAllianz, which also owns Pimco, has resolved some legal woes but continues to pick up the pieces.
March 10, 2022
Pimco Amassed Billions of Exposure to Russia Debt Facing DefaultIt had at least $1.5 billion of sovereign debt as of year-end and placed about $1 billion of bets on Russia via the credit-default swap market.
March 10, 2022
Fidelity Trading Boom Lifts Johnson Family Wealth to $48BThe fortune of Fidelity CEO Abigail Johnson rose to $21.5 billion after the closely held firm reported that its revenue rose 15% last year.