PNC eyes sale of asset manager to Federated Investors

The firm serves institutional investors, including corporations, public pension funds, multiemployer plans, endowments and foundations, health-care organizations, insurance companies and financial intermediaries, its website states.


European PMs add 12 funds to Chilean AFP list

In addition, the CCR approved four Invesco ETFs, including the Invesco EQQQ Nasdaq-100 Ucits ETF, and 11 BlackRock iShares vehicles, including the iShares Edge MSCI Europe Momentum Factor Ucits ETF.


How Schwab Came to Tower Over Wall Street

Those firms, as well as other big Wall Street names, are now following Schwab’s lead, by lowering or canceling fees, launching new services and seeking mass-affluent customers.


CEO pay mixed in asset-challenged year

The first wave of CEO pay ratio disclosures began last year, drawing scrutiny from Congress as the industry marked a decade since the 2008 financial crisis.


Hedge fund have-mores lord it over the rest

The firm's flagship Composite Fund, a multi-strategy vehicle that manages some $14 billion, has delivered annualized returns net of fees of nearly 11 percent since it was launched in 2001.