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.
FCA Mifid probe should address research 'conflicts'
Fund consultants have welcomed the FCA's investigation into how Mifid II is functioning around five months after the new rules were introduced.
The existential crisis facing wealth managers
A new study underlines the impact artificial intelligence is having on wealth management
Why Speirs & Jeffrey was forced to sell to Rathbones
In a letter to clients, Speirs and Jeffrey chief Russell Crichton outlined why Scotland's biggest wealth manager had to give up 112 years of independence.