At a special stockholders' meeting of three PIMCO funds last month, Salomon Brothers Asset Management assumed all management of the Emerging Markets Floating Rate Fund, Global Partners Fund and Municipal Partners Fund II.
Following the agreement, the three funds announced the resignation of Stephen J. Treadway, managing director and CEO of PIMCO Advisors, as co-chairman of the funds' boards and the appointment of former co-chairman R. Jay Gerken as chairman.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
