Asset Management Culture
Swiss Asset Manager GAM to Double Savings in Two Years
After dismal 2019, the firm’s board will not receive a bonus, and the CEO will forego a $256,000 cash award.
Tag: Asset Management
Asset Management Culture
Northeastern State Treasurers, Asset Managers Form Corporate Diversity Coalition
Shareholder activism group aims for more diversity in corporate governance.
Manager Selection
Legislators Urge Endowments to Boost Asset Manager Diversity
NACUBO says Congress members are preaching to the choir.
Lawmakers Introduce Bill to Boost Diversity at Asset Management Firms
Minority- and women-owned firms manage only 1.1% of $71.4 trillion in assets.
Sun Life Launches $160 Billion Asset Manager
SLC Management combines firm’s fixed-income institutional asset management units.
Newsmakers
Goldman to Combine Four Private Market Groups into $140 Billion Giant
Firm plans to capitalize on industry’s private equity boom, raise stagnant stock price.
BlackRock Assets Surpass $6 Trillion
World’s largest asset manager got a big Q1 boost, thanks to fixed income, even though equities dimmed.
BlackRock Consolidates Departments, Elevates Execs in Strategic Revamp
The asset management giant reshapes lines of authority and highlight alts as it gears up for a Fink-less tomorrow.
People Moves Roundup
Cambridge Associates promotes two longtime leaders, State Street gets a new COO, and more.
Wealth Concentration Grows Among World’s Largest Asset Managers
The rich get richer as total assets under management of 500 largest managers nears $94 trillion.
Hong Kong Asset, Wealth Management Surpasses $3 Trillion
Strong global economy helps spur industry growth in 2017.
Natixis: Portfolios Favoring Active Management See Strong First Half
Active asset management strategies came out ahead in the first half of 2017, with the portfolios that had higher allocations to US and international equities, and active managers over...