Loukia Gyftopoulou

Dozens of Wellington Management employees are leaving as part of voluntary job cuts at the Boston-based asset manager.

Last year, Wellington cut 5% of its staff after a strategic business review of investment needs and ways to become more efficient.

(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink said infrastructure is a major component to help stimulate growth in every economy and there's enough capital in the private sector to fund investment.

BlackRock Inc. Chief Executive Officer Larry Fink said the market is pricing too many interest-rate cuts from the Federal Reserve given the US economy continues to grow.

October 2, 2024 Fidelity Investments has raised $250 million for its first fund dedicated to venture capital investments, pushing the firm further into private assets.

Fidelity Investments has raised $250 million for its first fund dedicated to venture capital investments, pushing the firm further into private assets.

Polen Capital hired four high-yield professionals from Abrdn Plc for its London office as the US asset manager continues growing in Europe, according to a person familiar with the matter.

(Bloomberg) -- West Coast bond houses have long honored an unofficial pact that they would avoid aggressively poaching staff from one another. But when it comes to pursuing clients, all bets are off.

West Coast bond houses have long honored an unofficial pact that they would avoid aggressively poaching staff from one another. But when it comes to pursuing clients, all bets are off.

(Bloomberg) -- Franklin Resources Inc. will start taking over parts of its Western Asset Management Co. unit as the bond house grapples with a