Bill Gross is suing PIMCO and parent company Allianz for US$200 million for constructive termination, breach of contract, and breach of covenant of good faith and fair dealing.
London Stock Exchange Group's plan to sell Russell Investments to China's CITIC Securities may collapse, reports Bloomberg News.
Global investors’ confidence in the world’s economic outlook has fallen significantly due to concerns over China and emerging markets.
GE says it will "explore opportunities" to sell GE Asset Management (GEAM) to another investment management firm.
BlackRock has entered into a definitive agreement to acquire FutureAdvisor, a robo-advisory firm.
The TSX had a rough Q2, and so did most active managers.
Aberdeen Asset Management has entered into an agreement to acquire New York-based Arden Asset Management for an undisclosed amount.
A quarter of senior asset management executives worldwide believe it’s highly likely they’ll face direct competition from a non-traditional new entrant, such as a technology or non-financial services company, within the next five years, finds a State Street Corporation report. The survey of 400 senior asset management executives also finds another 54% believe this threat […]
The asset management industry's global profits and assets have risen to record levels, but securing future growth will require managers to ramp up their go-to-market efforts, finds a Boston Consulting Group (BCG) report.
How the life cycle works for investment management firms.