Up for vote at BlackRocks May 25 annual meeting is a proposal asking the fund manager to reconsider how it evaluates and votes on executive pay plans.
A U.S. proposal could make it harder for Wall Street banks to compete for talent against asset managers.
State Streets asset management unit said Nick Good and Rory Tobin will take over management of the firms global exchange-traded funds business.
Faced with negative interest rates in their own countries, foreign banks and pension funds are looking increasingly toward U.S. municipal bonds.
Pimco's outflows continued, though at a slower pace, according to Allianz Chief Financial Officer Dieter Wemmer.
While IT budgets at buy-side firms have not fully recovered from the cutbacks of the Great Recession, front-office demands keep growing in quantity, complexity and required speed of response.
Goldman Sachs Asset Management (GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management (DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013
Mutual fund families have traditionally left the topic of how to allocate certain fund expenses to management and fund officers.
Rob Goldman founded Goldman Small Cap Research (GSCR)--not affiliated with Goldman Sachs--in 2009. He has over 20 years of investment and research experience as a senior research analyst and as a portfolio and mutual fund manager.
Innovation is a constant in any industry, but sometimes in the fund business its mark is not always obvious.