Money Managers

Displaying 1699 results

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Invesco reportedly in talks with State Street regarding asset management unit

The deal would be a big one, given that State Street Global Advisors, the bank's asset management unit, has about $4 trillion in assets.

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Fidelity to hire 9,000 workers across the US

The hiring push is the fund company’s third in less than a year, reflecting the boom in individual investing that has lifted the entire trading industry.

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Deutsche Bank’s DWS rejects claims it overstated ESG assets

On Thursday, the asset manager's shares had plunged as much as 14.2% on the news that Germany’s financial markets regulator, BaFin, and U.S. prosecutors were probing claims by a former sustainability executive that DWS overstated the amount of assets adhering to social and environmental criteria.

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Skip Schweiss named CEO at Sierra Group

Schweiss stepped down as president of TD Ameritrade Trust Co. and managing director of advisor advocacy in 2020, after 12 years with the company.

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Federated enters ETF market with 2 active bond funds

The asset manager known mostly for its money market funds has high hopes for its late move into fast-growing exchange traded funds. The firm first filed plans to launch the fund 10 years ago.

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Goldman Sachs buys Dutch money manager in $1.9 billion deal

The acquisition of NN Investment Partners boosts the bank's European ties and gives it a toehold in the sustainable investing industry; about three-quarters of NN's investments are backed by ESG criteria.

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State Street will leave NYC offices, embrace hybrid work

The company plans to close its two midtown Manhattan offices, and its New York-based staff will work remotely or from buildings in New Jersey and Connecticut.

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Gensler comments open floodgates for Bitcoin fund filings

The SEC chairman's nod toward '40 Act crypto funds is the only opening the ETF space needed.

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Nuveen enters active ETF market

The three strategies it is rolling out as semitransparent ETFs are already available as mutual funds.

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Alerian acquisition pushes ETF development to the next level

By joining forces with ETF Trends and ETF Database, Alerian seeks to become a powerful force that helps ETF providers stay ahead of the curve.

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Spouting Rock takes stake in Glovista

The minority investment adds emerging markets expertise to Spouting Rock's multi-boutique mix.

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Finalists for Women in Asset Management Awards announced

More than 100 individuals were named on the short list for awards in 16 categories; the winners will be announced on Sept. 9.

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T. Rowe President Sharps to succeed Stromberg as CEO

Chief Executive Bill Stromberg is retiring after 35 years at the Baltimore-based asset management company.

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Wells Fargo Asset Management rebrands with new CEO

Legg Mason vet Joe Sullivan is bullish on the future of Allspring Global Investments. The $604 billion asset management arm of Wells Fargo & Co. is being acquired for $2.1 billion by GTCR and Reverence Capital Partners.

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BlackRock voted against 255 directors because of climate issues

According to its stewardship report, the asset manager supported 35% of 843 shareholder proposals that it voted on in the recent proxy season, compared with 17% in the previous year.

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Private banker carves out his niche with clients that hold illiquid assets

Boston Family Advisors has a narrow focus on wealthy families that have most of their assets invested in private equity and venture capital.

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Venture-backed startup launches actively managed Catholic values ETF

The Knights of Columbus Asset Advisors will manage the new fund, which will be advised by Faith Investor Services. The two largest faith-based funds are the Global X S&P 500 Catholic Values ETF and Inspire 100 ETF.

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Fidelity expands target allocation offerings

The asset manager has added four allocation mixes to its target allocation portfolios.

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Vanguard to acquire Just Invest and offer direct indexing

The asset manager said the direct indexing tools it will offer after the acquisition will build on a pilot program it has been offering to RIA clients that's powered by Just Invest.

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U.S. Bank to acquire PFM Asset Management

The addition of the $161 billion manager will bring the bank's assets under management to $325 billion.