Most money managers reported an increase in total assets under management to end the year but analysts see reasons to be watchful.
The largest U.S. retirement funds saw a 6.6% asset increase over the year ended Sept. 30.
Foundations argue for firms failing to meet diversity goals, the best recourse is to fire them and reallocate capital elsewhere.
Asset management deals slowed in 2020 compared to 2019, but transactions are expected to rise in year ahead.
Best Places employers loosened policies and rolled out new benefits in the wake of COVID-19 and racial inequity concerns.
Despite the volatile start to 2020, institutional assets under advisement grew 3% to $42.65 trillion over the year ended June 30.
Chief executives at asset managers talk recruitment challenges brought on by the pandemic.
Wells Fargo is considering a sale of its asset management unit, which has pushed a shortlist of rival firms as potential buyers.
Wells Fargo is considering selling its asset management unit, which has pushed Goldman Sachs to the forefront as a potential buyer.
Verus and eVestment are encouraging money managers to provide more than just diversity data on firm ownership.
Analysts fail to see how a potential merger of Invesco and Janus Henderson would alleviate secular challenges facing both firms.
Money managers are moving ahead on long-term technology investments in a bid to cut costs and improve efficiencies in the long run.
The demand for fixed-income ETFs and higher-yielding bond strategies is not expected to wane amid the prolonged low-rate environment.
Up to 20% to 25% of Wells Fargo's workforce, including asset management employees, could be impacted in its multiyear cost-cutting plan.
Increased volatility and concerns about portfolio risk might push U.S. pension funds to take over their risk management process.
As of Aug. 5, all publicly traded money managers tracked by their assets rise saw gains in the second quarter.
The racial wealth gap must first be tackled to address a retirement savings crisis and its disproportionate impact on communities of color.
Five schools received $50,000 each from Vanguard, which also contributed $100,000 to an emergency fund for HBCUs.
There are investment opportunities in sectors taking the lead in pandemic-related innovation as well as parts of the real estate market.
Black executives share their personal fears and experiences of racist violence amid worldwide protests over George Floyd's killing.
Money managers' low-volatility equity assets topped $138 billion at the end of the year.
Institutional AUM at the largest money managers grew 14.4% for the year ended Dec. 31, but the trajectory has changed for most this year.
Lazard's asset management unit is particularly vulnerable to expense cuts that could impact jobs and its investment lineup, analysts say.
CEO pay increased in 2019 at 8 out of 11 money managers and banks tracked by P&I.