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BlackRock is investing at least $10 million, in a deal expected to be announced later today, a person familiar with the matter said.
Franklin Templeton’s Indian mutual fund unit was forced to close six funds, with $3.4 billion in assets, because of liquidity problems. But the firm is still better positioned there than other U.S. asset managers.
Invesco Ltd. was downgraded by analysts at Keefe, Bruyette and Woods on Friday. First-quarter investor withdrawals from Invesco funds were what raised the analysts’ concerns.
The asset manager said S&P Dow Jones Indexes will create a new sustainable version of the S&P 500 for iShares, buttressing BlackRock’s credibility with green investors.
The new-hire honeymoon ended almost as soon as it started when Brian Franz joined State Street Corp. as chief information officer in January, shortly before the coronavirus arrived in force in the U.S.
A new lineup of mutual funds that focus on companies that are disrupting their industries comes with some disruptive pricing.
Citigroup’s private bank decided to sever its relationship with Anthony Scaramucci’s SkyBridge Capital and expects to see clients redeem $100 million over time.
A volatile market has sparked interest in active management, and new rules have made actively managed ETFs easier to launch. What to watch for as big firms roll out new products.
Carolyn Weinberg, global head of iShares products, is one of Barron’s 100 Most Influential Women in U.S. Finance in 2020. Read more about her career and accomplishments here.
Earnings plunged, but Credit Suisse analyst Craig Siegenthaler says advisory work for governments and central banks is a future bright spot.