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Latest News - Alex Steger

Trump picks Powell to succeed Yellen as Fed chair

Yellen becomes the first chair in recent history not to serve a second term in the position

BlackRock’s Swan expands role as three managers exit

Managers exit asset manager as part of move towards quantitative approach.

BlackRock cuts managers and fees in active equity overhaul

World's largest asset manager unveils plans to shift active equity funds away from human stock pickers in favor of a quantitative approach.

Standard Aberdeen: fund giants agree stunning £11bn merger

Standard Life and Aberdeen Asset Management have agreed to a merger, which will create the largest asset manager in the UK.

Pimco pays $20m to settle ETF charges

Pimco has agreed with the Securities and Exchange Commission to pay $20 million to settle charges that it misled investors about the performance of one its first actively managed ETFs.

Trump win: Citywire's view from New York

No other countries do an election quite like the USA. And this election was like nothing else.

Fed holds rates but edges closer to December hike

The Fed held rates for September but said to expect one increase before the end of the year. However, not every fund manager is convinced.

Bill Miller weighs up new funds following Legg Mason split

The veteran investor is looking to grow his firm rather than retire and new fund launches are a distinct possibility.

Bill Miller parts ways with Legg Mason after 35 years

Veteran stock picker Bill Miller is to split from asset manager Legg Mason after 35 years.

Aussie regulator ruled out of race for FCA top job

The shortlist of candidates to be chief executive of the Financial Conduct Authority is getting shorter by the day as yet another leading contender has been ruled out of the race to run the regulator.