Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Salim Ramji Takes Helm as Vanguard CEO as Firm Faces Criticism
By Dinah Wisenberg BrinThe former BlackRock executive will steer an industry leader facing complaints over customer service and new fees.
July 05, 2024
Stocks Up as Jobs Report Fuels Push for Fed to 'Get on With It'Markets gained traction on news that the jobless rate hit its highest level since late 2021, which may signal a coming drop in interest rates.
July 03, 2024
One Wall Street Firm Drops S&P 500 Target, Says Practice Is FutilePredicting the benchmark's performance in absolute terms seems pointless given the concentration of firms in the gauge, says a strategist.
July 03, 2024
Wall Street on Alert for Biden Exit as Trump-Win Trades MountThe Wall Street consensus is a Trump re-election resulting in a strong dollar, higher bond yields and gains in bank, health and energy stocks.
July 03, 2024
S&P 500 Closes at Record High Ahead of HolidayThe index rose to around 5,535, notching its 33rd record in 2024, on bets Fed policy easing will keep fueling Corporate America.
July 03, 2024
JPMorgan's Kolanovic to Exit Amid String of Poor Stock CallsThe move follows a disastrous two-year stretch of stock-market calls by the strategist, who has a 4,200 target for the S&P 500 in 2024.
July 02, 2024
Only a Bear-Market 'Shock' Can Upend Tech: JPMorgan's KellyIt would take an extreme blow to market sentiment to derail the flow of cash into the Big Tech names soaring in 2024, the strategist says.
July 02, 2024
WisdomTree Unveils Portfolio Solutions for AdvisorsThe service is intended to help advisors manage and implement asset allocation decisions, among other features.