The veteran with almost 30 years of experience, mostly at JPMorgan Asset Management, will oversee a business managing nearly $320 billion in assets.
The new fund has debuted on the NYSE and differs from existing options.
The company's fourth-quarter results beat analyst estimates, yet its market leadership is increasingly in question.
The insurance and retirement giant is promoting Mallee as another veteran leader, who's had nearly 20 years at the company, prepares to step down.
Research finds two-thirds of university endowments have assets in high-priced hedge fund and other alternative investments that have failed to outperform since 2008.
After leading the life insurance giant's brokerage business, the 25-year industry veteran will step up to oversee more than 2,800 financial advisors and fee-based planners.
Chinese stocks are soaring despite President Trump's tariffs. Wealth managers, however, don't seem overly interested.
As a change in SEC leadership and enforcement signals a more crypto-friendly climate, two voices see a constructive picture forming for digital asset adoption.
The alternative asset giant is betting on governments to continue their embrace of cleaner energy even as Trump and global conflicts put oil and gas back in focus.
Collective weakness in the Magnificent Seven has sent US stocks tumbling and volatility spiking, reversing earlier post-election exuberance.
Investors are growing confident of rate reductions amid an outlook for weaker US economy and Trump policy uncertainty.
The largest weekly inflow into spot gold ETFs since March 2022 came as investors wrestle with tariff threats and Fed policy pronouncements.
The insurer claims its bots can be more empathetic than humans.
Fund managers like Allspring Global Investments for years have been facing competitive pressure from low fee exchange-traded funds and indexed mutual funds.
The US tech behemoth signals a strategic pivot with cancelled data center contracts while the Chinese tech giant's shares plunged on news of its $52 billion spending pledge.
The Wall Street giant's enhanced effort to support "origination machine" underlines banks' growing incursion into the $1.6 trillion territory traditionally controlled by asset managers and credit shops.
With looser regulations in the offing, the digital trading platform is looking forward to expanding its trading business further beyond traditional brokerage services.
Billionaire's letter to investors follows positive earnings report.
The parent company of Truth Social said it will look for companies set to benefit from the "growing America First Economy."
Wealth managers offer their investment outlooks on newly resurgent European stocks.
