Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
State Street and Pimco Team Up in Launch of Cloud-Based Asset Platform: Tech Roundup
By Jeff BermanMicrosoft and McKinsey are also involved. Meanwhile, Franklin Templeton teams with Vestwell on a new managed account offering.
December 15, 2020
Vanguard Total Stock Market Index Fund Becomes World's Only Trillion-Dollar Stock FundAssets of the fund, which has both a mutual fund and an ETF share class, reached $1.035 trillion as of Nov. 30.
December 15, 2020
Gundlach to Co-Manage New FundThe DoubleLine Multi-Asset Trend Fund will seek to match the performance of the BNP Paribas Multi-Asset Trend Index.
December 07, 2020
Why Investors May Support Bitcoin's Polarizing RallyBitcoin began December by hitting a record just shy of $20,000. Proponents argue it's muscling in on gold as a portfolio diversifier.
December 07, 2020
Goldman Plans to Move Asset Managers From New York to This StateThe deliberations at the Wall Street icon, often a trendsetter for the industry, are aimed at cutting costs.
December 04, 2020
Who Withdrew $7B From Vanguard Fund?The outflow from the $172 billion Vanguard S&P 500 ETF (VOO) represents about 4% of the fund's assets, says Bloomberg.
November 30, 2020
Group Calls for Limiting Power of BlackRock, Vanguard & State Street"Outsized footprint" of Big Three "poses new issues" for U.S. economic competitiveness and financial market stability, says American Economic Liberties Project.
November 28, 2020
What's Firing Up Wall Street's $300B Custom-Index Boom?The real selling point for direct indexing could be the ability to remove companies from a portfolio's exposure rather than add them.