Franklin Resources Inc. News
Janus Henderson and Invesco Rise as Trian Buys Stakes
Trian Fund Management says it intends to encourage the asset managers to consider strategic options like a merger.
Franklin Resources to Buy Legg Mason for $4.5 Billion
Franklin Resources will buy rival asset manager Legg Mason for $50 cash per share.
Apple, Coronavirus, Walmart, Legg Mason and Pier 1 - 5 Things You Must Know Tuesday
Stock futures point lower after Apple issues a revenue warning because of the coronavirus outbreak in China; Walmart reports earnings; Franklin Resources reportedly is close to buying rival Legg Mason.
Mutual Funds, Eviscerated by ETFs, Face New Humiliation, Moody's Says
Moody's Investors Service predicts active stock- and bond-picking firms' share of the money-management industry will be overtaken as soon as 2021 by 'passive' vehicles like index-tracking mutual funds and exchange-traded funds.
T. Rowe Price, Franklin Resources Fall Following Earnings Dissapointments
Both companies were falling sharply Wednesday following their earning releases.
Stock-Picking Firms Invesco, Affiliated Prove Terrible Stock Picks
Even after an abysmal 2018, 16 big U.S. money managers could see earnings per share in 2019 fall another 5% on average, Jefferies estimates.
Legg Mason Withdrawals Quicken in Latest Sign of Mutual-Fund Woes
The mutual-fund industry can't seem to keep investors from shifting their money into low-cost exchange-traded funds and index-matching funds.
Perennial Wall Street Runner-Up Greg Fleming Is Now Rockefellers' Money Man
Over the past decade, Greg Fleming almost became CEO of Merrill Lynch and Morgan Stanley. Now, he's put together a deal to head a new money-management venture backed by the Rockefellers.
BlackRock Gets Record ETF Inflows as Investors Sour on Stock Pickers
Larry Fink's BlackRock is getting all the love from investors amid dismay over the high fees and recent underperformance of rivals who specialize in active stock-picking.
Mutual Funds Lost $5.4 Billion in Puerto Rico, WSJ Says
Puerto Rico is currently in what amounts to municipal bankruptcy court.
Stock Market Today: Stocks End Down As Inflation Worries Resurface; JPMorgan CEO Sees Recession
With inflation still sticky, and global headwinds accelerating, JPMorgan CEO Jamie Dimon now sees a greater chance of a U.S. recession.
"Big Short" Michael Burry Makes a Surprising Decision
The renowned investor wants to end a habit that is part of his legend.
Las Vegas Strip-Adjacent Venue Adding Formerly Forbidden Vice
Something that has never been legal -- even in Sin City -- is coming to a major location just off the Las Vegas Strip.