Asset Managers

Vanguard created a buzz through the asset management industry when it decided to cut fees. For BlackRock Inc (NYSE:BLK), Vanguard's closest competitor in the ETF space, the move might not be as big a deal as it initially seemed. What Happened: Asset manager Vanguard slashed expense ratios for 168...

Asset manager Vanguard on Monday announced that it was slashing the fees associated with investing in its funds, saving investors up to $350 million in 2025 alone. What To Know: Vanguard has lowered the expense ratio across 87 of its funds, bringing its average asset-weighted fee down to just 0.07...

BlackRock Inc. (NYSE: BLK announced plans to eliminate approximately 600 jobs, constituting about 3% of its global workforce. This move, per Bloomberg, reflects the evolving asset management landscape and a realigning of its workforce with emerging trends. CEO Larry Fink and President Rob Kapito...

In a move that signals growing institutional interest in cryptocurrency, BlackRock Inc. (NYSE: BLK), the global investment management colossus, has taken a step toward launching an Ether exchange-traded fund.  The firm submitted the required 19b-4 form late Thursday afternoon ...

A subsidiary of Hong Kong-based crypto conglomerate HashKey Group is set to unveil a pioneering secondary crypto market fund that aims to allocate its resources to emerging cryptocurrencies. HashKey Capital strives to surpass the performance of the dominant Bitcoin (CRYPTO: BTC), the fund said...

What Happened: Ruffer, a London-based asset manager, has sold its entire Bitcoin position after investing around $600 million in November 2020. According to a report from The Times, the company sold the last tranche of their investment in April, taking their total profit to just above $1.1 billion...

The Last Week In A Nutshell What Happened: “The market has taken us on a roller coaster ride that no one would have believed — from the depths of March 2020, when we dropped to a level last seen in 2016 (e.g., $2,237.40 on the S&P 500) to a 51% rally back to reclaim an all...

Independent investment manager Invesco Ltd. (NYSE: IVZ) shares are up just 3 percent over the past six months. But after the company reported fourth-quarter results Wednesday, one Wall Street analyst is suggesting investors take advantage of the recent weakness.  The Analyst Credit...

Citi turned bullish on BlackRock, Inc. (NYSE: BLK) back in 2016, but the firm said its case for being aggressive on the stock no longer applies. The Analyst Citi's William Katz downgraded BlackRock's stock rating from Buy to Neutral with an unchanged $625 price target. The Thesis Citi...

After gaining nearly 75 percent over the past year, Apollo Global Management LLC (NYSE: APO)'s stock still has plenty of runway ahead in 2018, according to Wall Street's latest bullish analyst. The Analyst Morgan Stanley's Michael Cyprys upgraded Apollo Global's stock rating from...

Virtus Investment Partners Inc (NASDAQ: VRTS) reported last week its second-quarter earnings, which were strong enough to prompt analysts at Credit Suisse to upgrade the stock's rating from Neutral to Outperform with a price target raised from $141 to $147. Shares of Virtus were trading near the $...

Byron Wien is Blackstone's vice chairman and a senior adviser to the world's largest alternative asset management firm. When he speaks, investors listen. And when he is bearish on the market, investors listen even more closely. Speaking to CNBC Wednesday afternoon, Wien said that 2016 will prove to...

Larry Fink is the CEO of BlackRock, Inc. (NYSE: BLK), the world's largest investment management companies with trillions of dollars of assets under management across the world. Fink was a guest on CNBC Monday to discuss various issues facing the market, including the upcoming Brexit vote in...

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,...

Saker Nusseibeh is the CEO of Hermes Investment Management, a UK-based asset management firm, and was a guest on CNBC to offer his outlook for the U.S. and global economy. According to Nusseibeh, we have "come to an end of an era" of coordinated drivers in the economy and stock market...