Assets climb for managers, but recent volatility bears watching
February 22, 2021 12:00:00 AMMost money managers reported an increase in total assets under management to end the year but analysts see reasons to be watchful.Â
T. Rowe Price assets up 22% over year, revenues jump 18%
January 28, 2021 02:58:03 PMT. 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.
Resisting diversity could lead to termination
January 25, 2021 12:00:00 AMFoundations argue for firms failing to meet diversity goals, the best recourse is to fire them and reallocate capital elsewhere.
Wells Fargo targets $8 billion in cuts
January 15, 2021 02:48:46 PMWells Fargo is targeting $8 billion in cost savings, to include job cuts and other streamlining efforts, over the next few years.
BNY Mellon names head of financial institutions in North America
January 11, 2021 04:09:40 PMDawn Tutje was named the head of financial institutions group in North America at BNY Mellon Investment Management.
Merit Financial Group enters partnership to boost M&A growth
January 11, 2021 02:39:09 PMMerit Financial Group said it entered into a strategic partnership to help drive the firm's acquisition efforts and organic growth.
Manager M&A down but certainly not out
January 11, 2021 12:00:00 AMAsset management deals slowed in 2020 compared to 2019, but transactions are expected to rise in year ahead.
Firms change the rules to help workers meet new challenges
December 14, 2020 12:00:00 AMBest Places employers loosened policies and rolled out new benefits in the wake of COVID-19 and racial inequity concerns.
Spouting Rock takes majority stake in Penn Capital
December 11, 2020 04:01:02 PMSpouting Rock Asset Management has taken an unspecified majority stake in fixed-income and equities manager Penn Capital Management.
Consultant examines stability of Wells Fargo boutique amid sale rumors
December 09, 2020 04:05:46 PMCallan is eyeing the impact a rumored sale of Wells Fargo's $607 billion asset management business would have on its Galliard subsidiary.
Vanguard names new head of international business
December 04, 2020 04:07:11 PMChris D. McIsaac was named head of Vanguard Group's international business as part of a series of leadership changes.
2 student teams master McGill portfolio-building competition
November 30, 2020 12:00:00 AMTeams from Nanyang Technological University and Bocconi University won the international portfolio challenge.
BNP Paribas names new CEO, deputy chief of U.S. asset management arm
November 18, 2020 09:00:00 AMJohanna Lasker has been named the new CEO of BNP Paribas Asset Management USA, effective Jan. 1.
North Dakota seeks managers to oversee $1 billion in equity
November 09, 2020 04:03:24 PMVictory Capital to acquire equity manager THB Asset Management
November 04, 2020 06:04:21 PMVictory Capital Holdings agreed to acquire THB Asset Management, an equity manager with $435 million in assets under management.
Rivals cited as possible Wells Fargo AM suitors
November 02, 2020 12:00:00 AMWells Fargo is considering a sale of its asset management unit, which has pushed a shortlist of rival firms as potential buyers.
T. Rowe Price AUM rises 7.4% for third quarter
October 29, 2020 01:52:59 PMT. 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.
Goldman Sachs named as a potential buyer of Wells asset management unit
October 23, 2020 03:49:42 PMWells Fargo is considering selling its asset management unit, which has pushed Goldman Sachs to the forefront as a potential buyer.
T. Rowe Price selects global head of diversity and inclusion
October 19, 2020 03:55:46 PMRaymone Jackson was named the global head of diversity and inclusion at T. Rowe Price Group.
CPPIB urged to plan now for net-zero reality
October 19, 2020 12:00:00 AMCPPIB is being urged to disclose a long-term strategy for exiting fossil-fuel investments.
Vanguard names Andrew Maack new head of U.S. trading
October 15, 2020 03:13:57 PMVanguard 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.
Vanguard hires Sprucegrove as subadviser for $9.8 billion fund
October 12, 2020 01:30:08 PMRumors of Invesco-Janus deal renew skepticism over large mergers
October 09, 2020 06:00:00 AMAnalysts fail to see how a potential merger of Invesco and Janus Henderson would alleviate secular challenges facing both firms.
Managers not scrimping on tech budgets
October 05, 2020 12:00:00 AMMoney managers are moving ahead on long-term technology investments in a bid to cut costs and improve efficiencies in the long run.
CPPIB selects first-ever CIO
September 09, 2020 10:14:53 AMEdwin Cass was named chief investment officer at Canada Pension Plan Investment Board, making him the fund's first-ever dedicated CIO.