Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
October 29, 2024
Cause of Death Found for Wells Fargo Employee Who Died at DeskThe body of Denise Prudhomme, 61, was discovered days after she'd scanned into the office.
October 29, 2024
Jeremy Grantham's GMO Expands ETF FranchiseThe launch comes as the value approach is underperforming growth shares for a second straight year.
October 29, 2024
Mariner Says Neuberger Berman Is Its New Minority InvestorCEO Marty Bicknell will stay on as leader of the $246 billion RIA and keep majority control.
October 25, 2024
How to Navigate the Evolving ETF LandscapeInvestors' increasing demand for these products highlights the need for advisors to understand them in depth.
October 25, 2024
Guggenheim's Walter Is Worth $12B as Dodgers ThriveHe bought the bankrupt team for $2.1 billion in 2012, and it's now worth $6.3 billion, according to Sportico.
October 23, 2024
Raymond James Tops Estimates, Adds 75 Reps in Latest QuarterIts private client assets jumped 25% from a year ago to $1.5 trillion.
October 23, 2024
Best & Worst Individual Annuity Providers: J.D. Power, 2024Many customers do not fully understand the products they buy, according to a new study.
October 22, 2024
MetLife Said to Be in Talks to Buy $100B of PineBridge AssetsThe deal could be valued at $1 billion to $1.5 billion, according to people familiar with the matter.
October 22, 2024
JPMorgan, at Odds With Goldman, Sees Solid Run Ahead for StocksThe bank's analysts, including David Kelly, expect large-cap equities to return an annualized 6.7% over the next 10-15 years.
October 22, 2024
Banks Brace for Era of Consumer Data SharingThe CFPB says bank clients will be able to demand, download and transfer their highly-coveted data to other financial firms for free. The final rule should cover checking accounts, credit cards and digital wallets, but not mortgages, student loans or car loans.