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 Is Worried Over T+1's Quicker Settlement Time
By Greg RitchieA spike in failed trades, operational glitches and extra costs are among industry fears as the trading process accelerates on May 28.
May 16, 2024
UBS Considering U.S. CEO Role in Strategic RevampThe firm is the largest wealth manager in the world outside the U.S., where it's struggled to expand.
May 16, 2024
Next Vanguard CEO Sees Millions of Potential New Clients in U.S.Salim Ramji told the Financial Times he sees opportunities to scale but expressed commitment to John Bogle's mission.
May 16, 2024
Dow Trades Near Historic 40,000 MarkThe oldest of the three main stock indexes is rising on prospects of a resilient economy, ebbing inflation and robust earnings.
May 16, 2024
Buffett's Berkshire Reveals $6.7B Stake in Insurer ChubbThe conglomerate has been building the stake since 2023, and the SEC allowed Berkshire keep it confidential.
May 15, 2024
Vanguard's CEO Choice Raises Questions on Firm's Future Path"Ramji will have to prove himself ... but I'm optimistic about the appointment," newsletter editor Jeff DeMaso says.
May 14, 2024
Vanguard Names Former BlackRock Exec as Next CEOIt marks the first time an outsider has been tapped to lead the firm in its 50-year history.
May 14, 2024
More Advisors Plan to Recommend Crypto: SurveyThe advent of spot bitcoin ETFs and a surge in price are piquing advisor interest, Ric Edelman says.