Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Big Tech Stocks Face High Bar to Sustain Gains in 2024
By Farah ElbahrawyWhile Nvidia's revenue is expected to soar 119% from the year prior, Alphabet's is seen dropping 7%, according to Bloomberg data.
January 30, 2024
'Big Short' Investor Shrugs Off Warnings on Deficit, StocksSteve Eisman, now with Neuberger Berman, says he's "more long-oriented" on the U.S. market despite others' deep concerns.
January 30, 2024
U.S. Faces 'Death Spiral' of Swelling Debt"Black Swan" author Nassim Nicholas Taleb says the deficit is reaching a point where the damage would take a miracle to reverse.
January 30, 2024
Vanguard Launches Two Tax-Exempt ETFsExpense ratios for the new funds are lower than the average for competing products, the investment giant says.
January 29, 2024
Wells Fargo Boosts CEO Scharf's Pay to $29M for 2023Scharf, 58, took the reins of Wells Fargo in 2019 with the mission of moving it past a series of scandals.
January 29, 2024
Why Vanguard's Bitcoin Stance Is a Good Move: MorningstarThe move by the fund giant is in line with John Bogle's view that investors "avoid bitcoin like the plague," wrote John Rekenthaler.
January 26, 2024
BlackRock's Model Portfolios Shift Billions Into Value StocksThe world's biggest asset manager just triggered a $5 billion reshuffle in its lineup of quantitative-style ETFs.
January 26, 2024
JPMorgan Shuffles Top Managers as Jamie Dimon Prepares SuccessorsThe shuffle, halfway through Dimon's five-year retention package, affects Marianne Lake, Jenn Piepszak and Troy Rohrbaugh.