Research
Global Asset Management AUM Reaches $128T in 2024
Market performance drove 70% of asset manager revenue last year, according to research from the Boston Consulting Group.
Tag: Asset Management
Research
Asset Manager IT Pros Report AI Use Slowed by Internal Resistance, Inadequate Infrastructure
Per a survey by Rackspace Technology, most asset managers plan to move digital data to a private cloud to increase security.
Republican AGs File Suit Against Asset Managers Alleging Coal Repression Scheme
11 states filed a complaint against BlackRock, State Street and Vanguard for undermining publicly traded coal companies.
Newsmakers
WAMCO CIO Charged With Fraud
Ken Leech was hit with fraud charges by the SEC for allegedly favoring some client portfolios over others in a scheme by which he profited.
How Investors, Public Companies View SEC’s Cybersecurity Disclosure Requirements
Disclosure requirements can be a hassle for companies, but investors seek to understand material risks.
Asset Allocation
Asset Management Firms Intend to Increase AI Budgets
Of technology decisionmakers surveyed by Rackspace Technology, 75% expect a bigger budget in the future, and 48% said artificial intelligence has substantially increased sales at their firm.
Opinion
Can Private Asset Allocations Lead to Privation?
Strategic asset allocation is not static asset allocation; how are investors managing embedded beta risks in private asset portfolios?
Risk
US Insurers to Embrace Investment Risk, Seek Variety of Fixed, Private, Alternative Investments
American insurers are willing to embrace risk in order to combat perceived market volatility in 2024, according to Conning.
Corporate Moves
Asset Management, Consulting Firms Make Leadership Changes for 2024
Voya IM names new CEO; Goldman adds head of retirement role for asset, wealth group.
Research
Institutional Assets Overtake Retail in 2023 for 1st Time in a Decade
U.S. retail client channels comprised $30 trillion in assets at the end of last year, while institutional assets hit $30.9 trillion, according to a new Cerulli report.
Asset Management Culture
Asset Managers Ponder Investments in AI as Security Risks Compound
A study from Rackspace shows that asset managers are seeking to implement artificial intelligence in their workflow.
Corporate Moves
Wilshire Completes Acquisition of Lyxor Asset Management
The U.S. arm of the French asset management firm will spur Wilshire’s growth in ‘key area’ of alternatives.
Research
CFA Institute Launches Research and Policy Center
The center will seek to provide new insights into the future of the investment industry.
Asset Management Culture
Tech’s Toughest Cuts Could Draw New Talent to Asset Management
Asset managers are eyeing thousands of workers laid off by the tech industry as asset management firms build out their own capabilities.
Corporate Moves
Storm-Tossed BlackRock Still Eyes Acquisitions
The world's biggest asset manager has expanded in the past when times were tough, its executives say.