Western Asset Management Company has seen at least $120 billion leave since the SEC announced its investigation into Ken Leech. The instance highlights key-person risk that the asset management world has been trying to get away from.
The firm's new offering, targeted toward investors with at least $10 million, will put it head-to-head against some of Wall Street's biggest names.
The world's largest active asset manager is jumping in as the rise of active exchange-traded funds drives a broader transformation of the model portfolio landscape.
A slowdown in the consumer price index gave a crucial read for consumers and Fed policymakers still in wait-and-see mode.
The firm's latest barometer report shows just two-fifths of stock-picking funds outperforming their index-based rivals in 2024, with even worse results over the past decade.
Veteran investor says neutral countries are set to benefit.
But where should investors be focusing their portfolio construction in 2025?
Economists' poll reveals most say inflation is not under control.
Wall Street strategists cite tariffs, White House acceptance of weakness.
Stock is biggest decliner on the S&P 500 so far this year.
Steel and aluminum tariffs begin Wednesday and will have a wide reach.
Changes in regulations are keeping compliance officers busy. Here's how they are keeping up.
A salvo of tariff headlines sent stocks spiraling Tuesday before bargain-hunters drove a recovery in the S&P 500.
As painful as prospecting can be for the majority of advisors, it's an unavoidable factor in any firm's organic growth equation.
With a pro-advisor and family executive platform and a business pushing back against industry consolidation, the New York-based firms are striking out with different visions of independence.
A new policy proposal from the Managed Funds Association lays out requests to reduce disclosure requirements and offer legal clarity on crypto ownership, among other priorities.
Beneficient, an alternative investment company and formerly a part of GWG, has offered $50.5 million to settle claims related to federal lawsuits.
Pitcairn's leader has no problem combining tradition and innovation.
Latest figures confirm record sales in 2024, including four straight quarters exceeding $100 billion, with most of the wins going to the largest players.
Allocations to cash and money market funds are rising, and dip-buying is slowing, as the president's coyness on downturn odds adds to mounting pessimism.
