asset management

Grayscale has announced the public trading of its Solana Trust under the ticker symbol GSOL (OTC: GSOL), making it the latest addition to the 15 other cryptocurrency investment products the company offers on OTC Markets. With 304,427 outstanding shares as of Friday, investors with access to U.S....

Cryptocurrency financial services company Blockchain.com has suspended operations of its asset management arm, Blockchain.com Asset Management (BCAM), due to the prolonged bearish market. BCAM was launched in April 2022 with the aim of attracting institutional investors. Shortly after the launch,...

According to PeckShield, a blockchain security company, 49,000 Bitcoin (CRYPTO: BTC) worth $1.08 billion have been transferred from addresses related to the U.S. government. Some of the BTC was originally seized from the Silk Road hacker. The report revealed that 9,826 BTC worth $217...

FTX Trading and its affiliated debtors (together, known as FTC Debtors) on Monday announced that one of their debtor affiliates, Alameda Research, filed a lawsuit against Grayscale Investments in the Court of Chancery in the State of Delaware. The FTX Debtors also asserted claims against...

Goldman Sachs Group Inc.’s (NYSE: GS) digital asset team is exploring the potential for blockchain technology to enhance the efficiency of private equity and other markets. What Happened: According to the team's global head, Mathew McDermott, the bank remains "hugely supportive...

The CEO of the largest asset management company in the world recently sold a large number of shares. Could the sale be a foreshadowing of what’s to come in the markets? What Happened: BlackRock Inc (NYSE: BLK) CEO Laurence Fink sold 44,500 shares of the company Aug. 5 at a price of $684....

Artificial intelligence-focused fintech group Qraft Technologies Inc. said it has received a $146 million investment from Japanese conglomerate SoftBank Group Corp. (OTC: SFTBY). What Happened: The investment includes primary growth capital and secondary capital that will be used to fund share...

JPMorgan Chase & Co’s (NYSE: JPM) asset management division will acquire fintech company 55ip LLC under a definitive agreement. The terms of the deal haven't been disclosed. What Happened: Post-acquisition, 55ip will continue to function as a unique entity under its brand and...

JPMorgan Chase & Co’s (NYSE: JPM) asset management division highlighted the need for investors to explore positions in non-traditional assets in its 2021 Long-Term Capital Market Assumptions report. Alternative assets cannot replace traditional assets but have a much more...

Chinese online wealth management firm Lufax Holding Ltd is seeking an initial public offering in the United States and list American Depositary Shares on the New York Stock Exchange. What Happened: The Ping An Insurance (Group) Company of China, Ltd (OTC: PNGAY)-backed company has not...

PNC Financial Services Group Inc. (NYSE: PNC) on Monday announced that it is exiting its investment in asset management firm BlackRock Inc. (NYSE: BLK). What Happened The Pittsburgh-based bank said that BlackRock has agreed to buy back shares worth $1.1 billion, and the rest will be sold in a...

Raymond James Financial, Inc. (NYSE: RJF) shares were 0.31-percent higher at $79.95 at the close Wednesday after the diversified financial services company said it reached an agreement to acquire Silver Lane Advisors, an investment bank that focuses on M&A transactions and other financial...

After "warming-up" to T. Rowe Price Group Inc (NASDAQ: TROW) over the past year, Credit Suisse is "finally pulling the trigger" on the stock. The Analyst Credit Suisse's Craig Siegenthaler upgraded T. Rowe Price from Neutral to Outperform with a price target lifted...

Peter Kraus is the CEO of AllianceBernstein Holding, a global asset management firm with nearly $500 billion in assets under management as of the end of April. So when he says that global asset management firms, such as his own, need to scale back on their assets by as much as 30 percent,...