Most money managers reported an increase in total assets under management to end the year but analysts see reasons to be watchful.
T. Rowe Price reported $1.47 trillion in assets under management as of Dec. 31, a gain of 12.2% for the quarter and 21.9% for the year.
Foundations argue for firms failing to meet diversity goals, the best recourse is to fire them and reallocate capital elsewhere.
Wells Fargo is targeting $8 billion in cost savings, to include job cuts and other streamlining efforts, over the next few years.
Dawn Tutje was named the head of financial institutions group in North America at BNY Mellon Investment Management.
Merit Financial Group said it entered into a strategic partnership to help drive the firm's acquisition efforts and organic growth.
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.
Spouting Rock Asset Management has taken an unspecified majority stake in fixed-income and equities manager Penn Capital Management.
Callan is eyeing the impact a rumored sale of Wells Fargo's $607 billion asset management business would have on its Galliard subsidiary.
Chris D. McIsaac was named head of Vanguard Group's international business as part of a series of leadership changes.
Teams from Nanyang Technological University and Bocconi University won the international portfolio challenge.
Johanna Lasker has been named the new CEO of BNP Paribas Asset Management USA, effective Jan. 1.
Victory Capital Holdings agreed to acquire THB Asset Management, an equity manager with $435 million in assets under management.
Wells Fargo is considering a sale of its asset management unit, which has pushed a shortlist of rival firms as potential buyers.
T. Rowe Price’s AUM rose 7.4% in the quarter ended Sept. 30 and also acquired the assets of a $1.2 billion fund from PNC Bank.
Wells Fargo is considering selling its asset management unit, which has pushed Goldman Sachs to the forefront as a potential buyer.
Raymone Jackson was named the global head of diversity and inclusion at T. Rowe Price Group.
CPPIB is being urged to disclose a long-term strategy for exiting fossil-fuel investments.
Vanguard Group named Andrew Maack as its new head of U.S. trading, replacing Michael Buek, who is to retire at the end of the year.
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.
Edwin Cass was named chief investment officer at Canada Pension Plan Investment Board, making him the fund's first-ever dedicated CIO.