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T Rowe Price, Franklin Templeton and AllianceBernstein are among fund groups hit by higher interest rates
Shares fall for large US active fund group despite sharp rise in quarterly profit
Investment houses are unleashing their ‘brightest and best’ to capitalise on rising demand for active ETF strategies
Manager plans to launch the Floating Rate ETF and US High Yield Bond ETF in August
Asset managers add private strategies to grab share of market worth $15tn and growing
The ‘reflex should be resisted’, T Rowe Price boss says in weak January for indices
Asset manager’s former CEO says the highest pay isn’t why people stay at firms, ‘people want to be a part of something special’
Bill Stromberg, head of $1.6tn fund group, sees increased speculation as stocks hit new records
Plus, the private credit party, sentiment turns cautiously bullish on China, and Elon Musk’s dog
Asset manager’s biggest acquisition comes as demand for alternative investment grows
Investor known for market timing cools on equities after huge rally
Rob Sharps said the manager would also expand its fixed-income suite with a range of active transparent ETFs
Chief investment officer Rob Sharps takes helm as asset manager steps up focus on China
Adoption by mainstream finance industry remains in question, executives say
The change also applies to stocks and follows similar fee cuts by other brokerages
Investor was hit after property company’s botched stock market listing slammed valuation
Shareholders put pressure on BlackRock, Vanguard, JPMorgan and T Rowe Price
Move comes amid overhaul to $15bn investment research business prompted by Mifid II
Investors defy oil company’s board to demand governance change
General Motors unit worth $19bn after latest funding round
Decision adds pressure on Chevron and angers some of potential acquirer’s shareholders
T Rowe Price, UBS, Credit Suisse, Kiltearn and Silchester hit by 80% fall in Swiss manager’s shares
Only a handful of investors in the world could write cheques big enough
Fidelity takes industry price war to new level with zero-cost index funds
International Edition