The world is in the middle of a “multiyear resetting of the global economy,” Mohamed El-Erian, PIMCO CEO and co-chief investment officer, said at a news conference in London today.
Aviva Investors agreed to buy U.S. value equity manager River Road Asset Management, said Alain Dromer, CEO of Aviva Investors.
After years of performance struggles, staff turnover and, more recently, rapidly dwindling assets, UBS Global Asset Management has turned a corner with strong performance in 2009, according to its chief executive.
