Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Wall Street Layoffs Hit 21,000
By Jenny SuraneBank of America, for instance, has shrunk its headcount by about 5,000 since January and isn't replacing staff who leave.
July 18, 2023
Morgan Stanley CEO: Worst of Industry Downturn Is OverShares of the bank surged 7% after executives gave an optimistic forecast.
July 18, 2023
Gundlach Tangles With Ex-Partners Over Value of DoubleLine StakesThe drawn-out litigation is one of several recent spats among mega alternative asset managers.
July 18, 2023
Former Voya CFO to Take Over as Talcott ChairMichael Smith also worked for Lincoln Financial for 12 years before moving to Voya in 2009.
July 17, 2023
MOVEit Hack Put Fidelity Retirement Plan Participant Data at RiskA firm providing services to Fidelity says a hack on a system it uses may have exposed customer data.
July 14, 2023
Schwab to Close, Downsize Offices in 10 CitiesAffected employees will work remotely, in a shift from a recently announced return-to-office mandate.
July 13, 2023
15 Biggest Compliance Challenges for Advisors in 2023One compliance topic was picked by 70% of respondents as among the hottest.
July 13, 2023
S&P 500 on Track to Hit Record High Before Year-End: GoldmanAnd Ed Yardeni, an early cheerleader of this bull run with a year-end target of 4,600, says he may raise his forecast to 4,800.