September was a busy month as money managers scooped up several alternative investing firms.
Kudu Investment Management is acquiring a stake in Douglass Winthrop Advisors, which runs mostly high-net-worth assets.
David Hagee was promoted to CIO of Commerce Trust Co. to replace long-tenured predecessor Landers Carnal.
IM Global Partner expanded its U.S. footprint with a 42% non-controlling stake in Asset Preservation Advisors.
Dave Wiederecht, executive vice president and global head of global fiduciary solutions at State Street Global Advisors, retired Sept. 1.
The multiaffiliate segment of the investment industry is under pressure with the future likely to bring smaller firms with fewer affiliates.
The pending departure of two top executives is just the latest in a series of issues that TCW Group has seen.
Amy M. Cameron was named chief investment officer of CUNA Mutual Group, replacing David G. Brown, who will retire in January.
Goldman Sachs tightened its COVID-19 rules to require that everyone entering its offices be vaccinated and wear masks in its buildings.
Goldman Sachs Group's acquisition of Dutch money manager NN Investment Partners will expand its European AUM and boost its ESG capability.
Money managers are cautiously bringing employees back to U.S. offices given the delta variant, with many implementing hybrid work models.
PGIM Investments tapped Jessica Jones, a Goldman Sachs Asset Management veteran, as the first head of its Asian intermediary business.
State Street will close its two offices in New York and provide smaller shared workplaces in the Tri-State area to support hybrid working.
Strong Q2 performance and net inflows inflated AUM for most publicly traded money managers, especially alternative strategy specialists.
IM Global Partner is expanding its U.S. footprint by taking a 45% non-controlling stake in Richard Bernstein Advisors.
SSGA's AUM hit $3.9 trillion, up 8.5% for the quarter and up 27.6% for the year on long-term flows and investment gains.
BlackRock's assets under management rose 5.4% to a new record of $9.5 trillion in the second quarter despite a large investor redemption.
BlackRock took a minority stake in SpiderRock Advisors, expanding its separate account lineup for wealthy investors with options strategies.
Vanguard Group agreed to acquire Just Invest, a provider of wealth management technology including a customizable direct indexing platform.
Fidelity Digital Assets is planning to boost head count as demand for cryptocurrency services from institutional investors remains strong.
Asset owner and money management executives share their summer reading choices.
Jonathan Little is used to building businesses from scratch, but doing it in the middle of a pandemic is a totally different thing.
The smallest U.K. corporate pension funds on average pay 4 basis points more for investment management than the largest plans.
Ognjen Sosa was named chief investment officer of Breckinridge Capital Advisors, replacing Laura Lake.
According to Sara Tirschwell, women and minorities have trouble advancing because they can't use their investment track records.