Results for "money managers"

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Rob Arnott of Research Affiliates cedes CEO title

August 10, 2018

Rob Arnott, founder of smart beta and asset allocation manager Research Affiliates, is relinquishing his CEO duties but remains chairman of the firm, a company spokesman said. Katrina Sherrerd, president and chief operating officer, was named...

Funds like Magellan need gamblers like Bill Gross

June 7, 2018

I know why investors don't care about Fidelity Magellan's comeback. As Bloomberg reported on Monday, the mutual fund made famous by hall-of-fame stock picker Peter Lynch is enjoying a resurgence after years of mediocre performance. The fund...

Why money managers are paid so much is a mystery

March 19, 2018

Why do workers in the financial industry get paid so much? There are many possible explanations, none of them completely satisfying. The financial industry commands a much larger share of the U.S. economy than in the past, causing some to worry...

Vanguard's got its own 'Apple' problem

January 25, 2013

At first glance, the largest company in the world and the largest mutual fund company in the world wouldn't seem to have much in common. Apple Inc. grew to the biggest company on the planet by pumping out hip and sexy products that were gobbled...

Advisers need to crack fund managers' narrative

November 17, 2014

Asset managers need to create a narrative about what they do and how they do it. Lacking a story, it’s all about the numbers. You might say, “Well, that’s the way it should be. This is a performance game.” Except that’s unrealistic....

Stifel loses $400 million adviser team to Janney

June 14, 2018

The Gormley Furlong Wealth Advisory Group, an eight-person team managing or administering $400 million in client assets, has joined Janney Montgomery Scott in Yardley, Pa. The group was previously affiliated with Stifel Nicolaus. Timothy P....

Wells Fargo duo managing $336 million moves to Raymond James

June 13, 2018

Thomas Monroe and John McDermott, who managed $336 million in assets at Wells Fargo Advisors, have moved to the employee unit of Raymond James in West Hartford, Conn. Moving with them is Wendy Petrovits, their client service associate. ​ Mr....

Baird acquires $2 billion M. Griffith Investment Services

June 6, 2018

Baird, the wealth management firm based in Milwaukee, Wis., has agreed to acquire M. Griffith Investment Services, a hybrid advisory firm managing and overseeing $2 billion in assets. Terms of the acquisition were not disclosed. M. Griffith,...

Why conventional wisdom Is wrong about manager diversification

June 12, 2012

The conventional wisdom is back-to-front. There is good reason to argue that investors should start to diversify their exposure to passive managers, while diversifying their exposure to active manager less. Investors above a certain size typically...

Vanguard isn't taking in as much money; neither is anyone else

July 6, 2018

Vanguard Group is attracting a lot less money from investors this year compared with 2017. Turns out, the mutual fund giant's not alone. Vanguard, the world's second-largest money manager, collected $138 billion in the first half of 2018, down...

Ways for financial advisers to face down the debt supercycle

August 30, 2016

With the rapid assumption of debt by governments, businesses, and consumers worldwide, global economies are finding themselves in the midst of a debt supercycle. This period of intense and persistent increase in leverage throughout the global...

Few financial advisers pitch ESG funds to clients. Missed opportunity?

August 22, 2016

My firm has sponsored a series of surveys, trying to understand what is driving retail investors. Some of the answers have come back exactly as expected — consumers value high performance, they don't believe they have enough saved for retirement...

Money managers with in-house 401(k) plan options at risk of employee lawsuits: lawyers

July 20, 2016

Asset managers that limit employee retirement plan investment choices to proprietary, in-house mutual funds are putting a legal target on their backs, attorneys said. In the context of a rash of lawsuits by employees against financial services...

George Soros embraces his inner bear

June 10, 2016

George Soros is back with a bearish take on the global economy. The billionaire hedge-fund founder and philanthropist, who had taken a break from trading, recently sold equities and purchased safe-haven gold and gold miners. Financial advisers...

Nomura to pay $1 billion for stake in American Century

December 21, 2015

Nomura Holdings Inc., Japan's biggest brokerage, plans to pay about $1 billion for a stake of around 40% in U.S. money manager American Century Investments, according to a person familiar with the matter. The purchase from Canadian Imperial...

Bill Gross irresistible to new partner Kapstream Capital's Palghat

July 2, 2015

When Bill Gross left Pacific Investment Management Co. in September last year, his old colleague Kumar Palghat rang him to see how things were going. About a month later he got an offer he couldn't refuse. The Sydney-based money manager first...

Fund family with 25% women managers far exceeds industry average

June 2, 2015

A quarter of Dodge and Cox's portfolio managers are women, placing the San Francisco-based firm at the top of the industry for female representation in this asset management role, according to a new study that found more than 90% of fund managers...

Five years in, Janus CEO Richard Weil beats the odds but has more work to do

June 1, 2015

Janus CEO Richard Weil has beaten the odds by staying more than five years at a company where CEOs have come and gone quickly. But the verdict is still out as to whether Mr. Weil can bring the company's financial metrics up to the level of its...

Overseas expansion in the cards for new Loomis Sayles CEO Charleston

May 29, 2015

As the new CEO of Loomis Sayles & Co. LP, Kevin Charleston plans to maintain the same investment culture his predecessor, Robert J. Blanding, established, while also growing the Boston-based firm's global footprint. Mr. Charleston assumed the...

JPMorgan wealth unit still under regulators' scrutiny despite bank's currency guilty plea

May 26, 2015

JPMorgan Chase & Co. put allegations of currency-fixing largely behind it with a guilty plea, but it's not out of the woods yet. With its new felony record, America's biggest bank needs to seek the Department of Labor's permission to keep managing...

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