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 Fund to Change Management Team
By Dinah Wisenberg BrinJean Hynes will stop co-managing its health care fund next year, when Rebecca Sykes is set to become sole manager.
August 01, 2024
Stocks Sink as Economic Jitters Fuel Rush to BondsThe S&P 500 dropped 2%. The Nasdaq 100 sank 3%. The Russell 2000 of small caps tumbled 3.5%.
August 01, 2024
'Dr. Doom' Moves to Launch His First ETFEconomist Nouriel Roubini, who predicted the 2008 financial crisis, would help lead the the Atlas America Fund.
July 31, 2024
8 Ways the Advice and Investing Worlds Are Changing NowTCW CEO Katie Koch and Hightower CEO Bob Oros point to rising client expectations and RIA growth, for instance.
July 31, 2024
Stocks Rally as Powell Fuels Bets on September CutThe S&P 500 climbed 2%. Treasury 10-year yields declined four basis points to 4.1%. The dollar fell.
July 31, 2024
Fed Holds Rates Steady, Signals First Cut Is NearerThe Federal Open Market Committee voted unanimously to keep the federal funds rate between 5.25% and 5.5%.
July 31, 2024
BlackRock Leads Big Firms Racing to Put Private Assets Into ETFsThere are many hurdles to overcome before real estate and pre-public companies can be used in an ETF wrapper.
July 30, 2024
Ameriprise and Wells Fargo Sued Over Low Interest on Client CashThe lawsuits follow similar client complaints against LPL Financial and Morgan Stanley.