Asset management

The reduction, which includes 15% of senior management, is part of a larger effort to cut costs and automate more business.

Money managers would be better off selling holdings at random, a study suggests.

Mark Wiedman’s takeover as head of international and corporate strategy could be a sign of larger changes ahead, a memo suggests.

BlackRock will see the largest reduction to its workforce since 2016.

Data reported by the Investment Company Institute.

“Recent small reductions in headcount reflect the need to balance our workforce growth with the current needs of our business," the company says.

This analysis may help calm jittery clients when their portfolios take a sharp downturn.

Firms face a complex world of increasing data volumes, regulations, reporting demands and multi-asset class complexity.

The more efficient firms can be in their marketing and sales activities, the more effective they will be.

Millennials are using TDFs more than others. Digital firms are paying attention.