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.
New York City Council Speaker Melissa Mark-Viverito has asked the SEC to investigate OppenheimerFunds, saying the asset management company has played a role in worsening Puerto Ricos fiscal crisis.
Deutsche Bank said Quintin Price, who leads the companys asset management business, has taken medical leave.
The rush is on to replace people with software in Europes insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings.
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.