MONEY MANAGEMENT
Fidelity Investments' discretionary assets under management totaled $4.3 trillion as of March 31, up 9% from a year earlier.
Georgette Baxter was appointed as director of business development and client service at RhumbLine Advisers.
SEI Investments announced its first exchange-traded funds, a suite of four U.S. large-cap funds that use a proprietary factor-based approach.
Franklin Resources CEO Jenny Johnson has more acquisitions in mind, especially managers in new regions, wealth managers and tech companies.
Investors are growing more bearish as expectations for global growth continue to sink in the face of central bank rate hikes.
Voya Financial is acquiring most of Allianz Global Investors' U.S. investment management team and business, adding $120 billion in AUM.
Value Partners tapped Allianz Global Investors veteran Otto Choi as senior director, institutional business.
Brookfield Asset Management plans to spin off 25% of its asset management unit to stockholders by the end of the year.
Magellan Financial Group said David George, the Future Fund's deputy chief investment officer, public markets, will join as CEO on Aug. 8.
Franklin Templeton appointed Nor Hanifah Hashim, CEO of its Shariah-compliant GSC Asset Management unit, to head its Malaysian business.
