Money Management Executive Latest News

Goldman Sachs may find breaking into the ultra-competitive U.S. ETF industry a long, tough slog.

BlackRock named Salim Ramji head of its U.S. wealth advisory business, succeeding Frank Porcelli, as the world’s biggest asset manager pushes to attract more retail clients.

The most anticipated ETF launch of the year will provide U.S. investors access to a basket of locally listed Saudi stocks.

The asset management industry was clearly impacted by massive waves of selling last month, though it is slowly recovering.

The problems plaguing Petrobas are also dragging down Pimco, Fidelity and Capital Group -- the three biggest holders of its bonds.

Goldman Sachs, rarely thought of as a low-cost option, is seeking to be just that with a new line of ETFs.

Heightened demands for data from regulators has meant the past practice of using spreadsheets to collect information is not only outmoded, but could leave a firm exposed to liabilities.

Charles Hallac, who conceived BlackRock’s investment management platform and founded its advisory business, has died. He was 50.

The market tumult, initially sparked by concerns over an economic slowdown in China, showed a downside, as ETFs can be vulnerable to price swings during periods of market stress, partly because some are less liquid than stocks.

OppenheimerFunds agreed to acquire VTL Associates as part of a push into ETFs that weigh metrics beyond market capitalization when buying stocks.