Results for "money managers"

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Pimco focuses on talent retention as other firms take assets

November 10, 2014

Pimco's chief executive said on Monday his firm has risen to the challenge of losing its star investor, Bill Gross, and is rolling up its sleeves and moving on. The executive, Douglas M. Hodge, said that Mr. Gross' eventual exit from the firm...

Alan 'Ace' Greenberg, who remade Bear Stearns, dies at 86

July 25, 2014

Alan C. “Ace” Greenberg, who as chief executive officer of Bear Stearns Cos. transformed a small bond shop into the fifth-largest U.S. securities firm before it collapsed in 2008 in one of the key events of the global credit crisis, has...

More institutional money managers joining the $1 trillion club

May 30, 2018

Among institutional money managers, a two-company battle has emerged for the most assets under management, even as more firms have joined the $1 trillion-plus AUM club. BlackRock Inc. (BLK) and Vanguard Group Inc. retained the top two positions...

New Russell owners likely to sell asset manager

July 11, 2014

Russell Investments' asset management and consulting businesses will most likely be sold by the London Stock Exchange Group PLC, which is purchasing the entire firm for $2.7 billion, sources say. The price tag for those business lines could...

Fund wholesaler pay out of touch as advisers sell more low-fee products: Consultant

June 26, 2014

Fund wholesalers are being paid at the highest level in at least three years, according to data released Wednesday, raising questions about whether money managers can sustain increasing marketing expenses as advisers sell lower-cost products....

Pimco's McCulley to return for new role as chief economist

May 27, 2014

Pacific Investment Management Co., which runs the world's biggest bond fund, said Paul McCulley, a former money manager at the firm, will return to fill the newly created position of chief economist. Mr. McCulley, 57, will be a member of Pimco's...

Clients want better investment management, survey finds

November 15, 2017

Wealthy clients are generally satisfied with their advisers but they want more in terms of investment returns and value for fees, a new survey from the Investments & Wealth Institute found. The group, formerly known as IMCA, found that investors...

Investment managers report lackluster quarter

May 13, 2014

Publicly traded money managers saw rather anemic gains in assets under management for the quarter ended March 31, due in part to defined-benefit plans playing a smaller role in the institutional investment industry and also because equity markets...

Aberdeen's head of the Americas resigns

May 9, 2014

David Steyn resigned as head of the Americas at Aberdeen Asset Management on Thursday, spokeswoman Katie Cowley wrote in an e-mail. Mr. Steyn is leaving the firm for “family-related reasons,” Ms. Cowley said. He will “continue to advise...

Pimco gets support from CEO of parent Allianz

May 8, 2014

Allianz SE, defending its Pacific Investment Management Co. unit against shareholder criticism over declining returns and management infighting, said the bond manager has been a very profitable investment since the German insurer took it over...

BlackRock first-quarter net climbs as money manager adds $27B in net new money

April 17, 2014

BlackRock Inc. (BLK), the world's biggest money manager, said first-quarter profit rose 20% as investors added money to its funds, boosting assets by 1.8% to $4.4 trillion and the fees for managing them. The firm's retail business added $14...

Gross prods El-Erian to explain reason for Pimco exit

April 15, 2014

More than two months after Pacific Investment Management Co.'s former chief executive Mohamed El-Erian announced his resignation from the world's biggest bond manager, Bill Gross is still looking for a reason. Mr. Gross, 69, speaking in an interview...

BlackRock expands top ranks in second revamp in two years

April 7, 2014

BlackRock Inc., the world's biggest money manager, is expanding top leadership in a reorganization that will result in new roles for at least 10 senior executives. Charles Hallac, previously chief operating officer, was named co-president, and...

Fidelity names Morrison to head asset management

February 20, 2014

Fidelity Investments, the second-biggest U.S. mutual fund company, named Charles Morrison to succeed Ronald P. O'Hanley as head of the asset-management unit. Mr. Morrison, 53, who joined Fidelity in 1987 as a bond analyst, most recently was...

In El-Erian departure wake, Seidner joins Grantham Mayo from Pimco

February 3, 2014

Marc Seidner, who left Pacific Investment Management Co. in a leadership shakeup triggered by Chief Executive Officer Mohamed El-Erian's resignation, joined Boston money manager Grantham Mayo Van Otterloo & Co. to oversee fixed income. Mr. Seidner,...

Pimco names four more deputy CIOs in wake of El-Erian's departure

January 29, 2014

Pacific Investment Management Co., the world's biggest bond manager, named four deputy chief investment officers in an overhaul of its leadership team after Mohamed El-Erian's decision last week to step down as chief executive officer. Mark...

El-Erian resignation raising questions about Pimco

January 22, 2014

Less than 24 hours after news broke that Mohamed El-Erian is resigning as chief executive of Pacific Investment Management Co., the financial advice industry remains abuzz with speculation about what happened at the fifth-biggest U.S. money...

Fidelity president O'Hanley to leave in February

January 22, 2014

Ronald O'Hanley, president of asset management and corporate services at Fidelity Investments, announced plans to leave the firm at the end of February, spokesman Jeffrey Cathie said. “Having achieved much of what he intended to do, Ron has...

El-Erian resigns as CEO of Pimco, to be replaced by Douglas Hodge

January 21, 2014

Mohamed El-Erian, widely viewed as the successor to Pacific Investment Management Co.'s Bill Gross, has resigned after six years as the firm struggles to stem record redemptions from the world's largest bond fund. Mr. El-Erian, 55, will leave...

T. Rowe Price, Janus Capital suffer third-quarter outflows

October 24, 2013

Money manager T. Rowe Price Group Inc., which has about three-fourths of its assets in equities, suffered $7.4 billion in outflows in the third quarter, marking the second-straight quarter of net redemptions. Although the withdrawals were offset...

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