Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Vanguard to Launch Active Dividend Growth Fund
By Jeff BermanThe Vanguard International Dividend Growth Fund, an actively managed equity fund, will launch in the fourth quarter.
August 15, 2023
Ex-Vanguard CEO Joins VC Firm as AdvisorWilliam McNabb already serves on the boards of Venrock portfolio companies Altruist and Vanilla; he also has invested in both firms.
August 14, 2023
UBS to Pay $1.44B to Settle DOJ Mortgage-Bond CaseThe bank was accused of "knowingly and repeatedly" making false and fraudulent statements about the loans backing the securities.
August 14, 2023
Wall Street Hates Saying 'ESG' But Is Hardwiring It Into FinanceThe finance industry is now grappling with a second year of attacks on ESG by key Republicans and state attorneys general.
August 14, 2023
Schwab Says TD Ameritrade Deal Leading to Retail, Advisory AttritionThe firm has stepped back from some custodial relationships with institutional clients, CFO Peter Crawford said Monday.
August 13, 2023
Bill Gross Slams Stock and Bond Bulls, Says Markets Are 'Overvalued'The former chief investment officer of PIMCO says financial professionals who are bullish on equities and bonds are wrong.
August 09, 2023
Fee-Only Advisors Driving a Rush Into Cheap Funds: MorningstarInvestors saved about $9.8 billion in fees for open-end mutual funds and ETFs last year.
August 08, 2023
Wall Street's New WhatsApp Fines Take Tab Past $2.5BThe penalties are tied Wells Fargo and other banks' use of unofficial communication tools to conduct business.