Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
November 08, 2024
Schwab Launching Mortgage-Backed Securities ETFThe new fund, containing U.S. government-backed investment-grade securities, starts trading this month.
November 08, 2024
Here's Who Could Lead Trump's Economic AgendaHe's likely to pick top advisors and cabinet secretaries from a pool of Wall Street and business executives.
November 08, 2024
PGIM Taps Morgan Stanley Exec as Next CEOJacques Chappuis will take the helm of the Prudential Financial asset management unit on May 1, 2025, replacing David Hunt.
November 08, 2024
Invesco to Pay $17.5M Over Misleading StatementsIt misrepresented the percentage of assets that took ESG factors into consideration, the SEC said.
November 07, 2024
Fed Cuts Rates; Powell Says He Wouldn't Resign If Asked By TrumpFederal Reserve Chair Jerome Powell said removal or demotion of any Fed board leader is "not permitted under the law."
November 07, 2024
11 Best & Worst BDs: Q3 Earnings, 2024Seven of these large BDs posted profit growth from last year, while earnings fell at four.
November 07, 2024
Vanguard to Pay $40M in Target-Date Sell-Off CaseIt caused an "elephant stampede" sale of these funds when it opened institutional products to more retirement plans.
November 06, 2024
T. Rowe Price Watches Some Variable Annuity Assets Fade AwayTo its CEO, fixed income opportunities with insurance companies look good.
November 06, 2024
Goldman, JPMorgan Soar With Trump Poised to Deliver DeregulationTrump has vowed to cut the corporate tax rate, eliminate 10 regulations for every new one and fire some financial regulators.
November 06, 2024
S&P 500, Bitcoin Hit Peak as Trump to Retake White HouseThe market is more focused on the positive aspects of Trump's agenda with less concern on tariff impacts and wider policy outcomes.