Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Legg Mason Fiscal Q3: Profits Up 37% on Fees as Outflows Persist
By Joyce HansonAsset manager Legg Mason announced Wednesday a 37% jump in profits for the third quarter of 2011, thanks to an increase in fees, but the firm also reported continuing outflows as investors sought to put their money somewhere other than mutual funds.
January 18, 2011
TD Ameritrade's Fiscal Q1: Income Rises, Sales Beat EstimatesNet new client assets for the online broker were $9.7 billion, a jump of 11% over last year’s results.
January 18, 2011
Baby Boomer Assets Down 12% Since 2006Older baby boomers on average have 12% fewer assets than they did four years ago, according to data released Tuesday by Cogent Research.
January 17, 2011
U.S. Corporate Pensions End 2010 With 'Optimistic Close:' MillimanWhile funded status for corporate pensions was down at year-end 2010, the Milliman 100 Pension Funding Index was optimistic about pensions' future.
January 17, 2011
Exploring Tactical Allocation Using ETFs With Brian Singer, Part 1Why the Singer Partners’ CIO focuses, and has for 20 years, on tactical asset allocation as a core investment strategy.
January 11, 2011
KBW Q4 Preview of Asset Managers Sees Overall Positive PerformanceFourth-quarter 2010 earnings for asset management firms will reflect a “transition quarter” of largely positive fund flows, said Keefe, Bruyette & Woods analysts in a Q4 preview.
January 10, 2011
U.S. Bank to Use Smartleaf ‘Unified Overlay Platform’'Unified overlay platform' to optimize 40,000 non-brokerage ‘customized’ portfolios.
January 10, 2011
U.S. Bank to Use Smartleaf ‘Unified Overlay Platform’'Unified overlay platform' to optimize 40,000 non-brokerage ‘customized’ portfolios.