Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Only a Bear-Market 'Shock' Can Upend Tech: JPMorgan's Kelly
By Alexandra SemenovaIt 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 01, 2024
Ex-Billionaire Gets 7 1/2-Year Sentence for Defrauding Investors Goldman, GoogleRishi Shah, who sold ads on TVs in doctors' offices, was convicted of over a dozen fraud and money laundering charges last year.
July 01, 2024
BlackRock Enters Booming Market for Stock ETFs With a 100% HedgeUsing options, its new ETF offers upside exposure to the S&P 500 of up to 10.6% and hedges any downside over a 12-month period.
July 01, 2024
BlackRock Buys Preqin for $3.2B in Private Assets PushThe deal deepens BlackRock's ability to oversee risks and analyze data across fast-growing markets for private assets.
June 28, 2024
Vanguard Warns Clients to Hang Up and Log In, Or ElseThe firm is cracking down on heavy users of phone support. Is that fair?
June 28, 2024
S&P 500 Rally Hits a Wall at End of Banner QuarterStocks are heading into the second half having gained about 15% this year.
June 28, 2024
Expect Pre-Election Market Correction: GoldmanThe presidential election and its aftermath mean big market swings in the second half of the year, says Scott Rubner.
June 27, 2024
Ameriprise, LPL Battle in Court Over Father-Son Advisor Duo Who Switched FirmsThe advisors took confidential material "in the dark of night" before leaving for LPL, Ameriprise says.