T. Rowe Price Group Inc., the asset manager that has posted a profit every quarter since going public in 1986, said second-quarter profit rose 0.9 percent, missing analysts’ estimates as slumping global stock markets eroded assets.
In tough market conditions, BlackRock, the biggest of all asset managers, has managed to fare well.
In its response to the US Securities and Exchange Commission (SEC) ahead of the SEC’s implementation of the JOBS (Jumpstart Our Business Startups) Act, AIMA said it supported the legislation’s purpose of improving access to capital and enhanci
Total operating-basis revenue increased by $23 million, or 1%, compared to the first quarter, driven by the seasonal increase in securities finance as well as growth in the core business, offset partially by weakness in international markets.
While many investment banks have moved to the Canary Wharf district in recent years, attracted by large trading floors and cheaper rents, insurers have been the only bright spot in an otherwise moribund lettings market in London's traditional financi
Plus, Apple's strong brand equity among consumers will keep its products popular in the market. We believe that at 11x forward earnings, the stock is still cheap and offers significant upside potential considering the future growth prospects.
Junge, who also received a FOR Industry Leadership Award in recognition of his significant contributions to the family office industry, added, "Among our highly respected industry colleagues, Pitcairn is delighted to be recognized as a leader and inn
Clearwater Analytics will provide daily accounting, compliance, performance, and risk reporting and analytics for the venerable financial services firm's valued clients in the insurance and reinsurance sector.
Hedge funds and trading firms from as far away as Taiwan fueled the most active month of membership trading in more than a year last month, angling to get a seat on the CME Group's signature platform to profit from drought-driven volatility in grain