Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
UBS Creates New Wealth Unit, Names New U.S. Chief
By Jan-Henrik Förster & Myriam BalezouMichael Camacho, formerly of JPMorgan, will lead wealth management in the U.S. for UBS starting in September.
June 26, 2024
BlackRock to Add Private Assets to Model Portfolios for Wealthy ClientsThe firm will work with GeoWealth to offer private equity and debt funds in customized portfolios for financial advisors.
June 25, 2024
Advisors Plan to Boost Clients' Private Equity Holdings: SurveyBlackstone, the alternative asset manager, queried financial professionals participating in its educational programming.
June 25, 2024
World's 20 Biggest Asset Managers: 2024Fourteen of them are based in the U.S., according to ADV Ratings.
June 25, 2024
Vanguard Adds Short-Term Planning to Robo, Hybrid ServicesClients will be able to plan for goals less than 18 months away starting July 9.
June 24, 2024
Morgan Stanley Sued Over Low Interest Rates on Client CashThe wirehouse pays a fraction of what firms like Vanguard pay in similar accounts, the suit says.
June 24, 2024
Stocks Face Meager Upside After 2024 Gains: PollInvestors aren't looking to hit the sell button just yet, but many expect a correction of at least 10% this year.
June 21, 2024
Wall Streeters Beaten in 'Smartest' Chess TournamentPlayers from UBS, Goldman Sachs and BlackRock lost to opponents from two online chess platforms.