Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
BlackRock to Liquidate 15 Funds
By Katie RassThe funds being shuttered include thematic ETFs on sustainability and working from home.
June 10, 2024
JPMorgan Warns of Stock Market Shock From CPI, FedInvestors are preparing for what could be the biggest stock move since March 2023, says a Citigroup trading head.
June 10, 2024
Is Diversification Dead to Investors?"If your neighbor has all their money in the S&P, then you look like a moron," said Cambria's Meb Faber.
June 10, 2024
S&P 500 Could Sink 8% Without Fed Cut: RBCInvestors remain too optimistic about the timing of a Federal Reserve interest-rate cut, say the bank's capital markets strategists.
June 07, 2024
Wealthy Families Fuel $20B Private Equity Buyout WaveThey've made a mark on Wall Street as go-to sources of capital for investment firms like KKR & Co. and Silver Lake.
June 06, 2024
Citizens CEO Plots a Continued Expansion of Wealth BusinessesSince last year, the bank has hired some 220 private bank employees and Morgan Stanley wealth veteran Paul Casey.
June 05, 2024
Envestnet Launches Custom Strategies With 4 Big Asset ManagersBlackRock, Fidelity, Franklin Templeton and State Street Global Advisors will become partners in offering solutions for wealthy clients.
June 04, 2024
BNY Mellon, Pershing Launch Integrated Services at Insite ConferenceThe bundled offering aims to deliver comprehensive investment solutions to advisors, says distribution executive David DiPetrillo.