Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Why Goldman Bought, and Sold, United Capital
By John ManganaroExecutives thought they could best serve RIAs by buying one. The reality was not what they expected.
May 09, 2024
Best & Worst Online Direct Banks: J.D. Power, 2024Frequent delays in resolving customer complaints were a sticking point, the research group found.
May 07, 2024
Bill Gross Says 'Total Return' Strategy He Pioneered Is 'Dead'Yields today are much lower than when he first coined the concept at PIMCO.
May 06, 2024
Post-Buffett Future for Berkshire in Focus"There's no other Warren Buffett. Fortunately they have a wonderful board," said Semper Augustus Investments' head.
May 03, 2024
'Your Fund Is Under Attack': BlackRock Fights Saba RaidThe $250 billion closed-end fund industry is now the scene of one of the most dramatic power struggles in finance.
May 03, 2024
SoFi Securities Hit With $1.1M FINRA Fine Over Theft in Cash AccountsSoFi's lack of protections resulted in customers using accounts to steal $2.5 million, FINRA says.
May 03, 2024
6 Lessons From Charlie Munger on Investing and BusinessAhead of Berkshire's annual meeting, a board member recalls wisdom from the late vice chairman.
May 03, 2024
Altruist Hits $1.5B Valuation After Latest Funding RoundThe startup custodian for independent RIAs has raised over $450 million total.