Janus Henderson Group plc 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.
Trump's Call for Federal Reserve Stimulus Undermined by Strength of Own Economy
President Donald Trump has repeatedly criticized his own Federal Reserve chair, Jerome Powell, for keeping U.S. interest rates too high, despite a projected slowing in the economy. Yet a Labor Department report Friday showed that U.S. jobs growth continued at a strong pace in June, prompting some economists to assert that drastic monetary stimulus isn't warranted.
Bank Stocks Rise as Strong Jobs Report Curbs Hopes for Steep Rate Cut By Fed
A Labor Department report Friday showed the U.S. economy adding jobs at a faster-than-expected pace in June -- signaling to traders that the Federal Reserve might not need to cut interest rates sharply at a meeting later this month. Higher-than-expected interest rates could help banks' lending margins.
Investors Bought ETFs in June at Fastest Pace in 17 Months
Following a wave of fee cuts by firms including TD Ameritrade, net issuance of ETFs surges to about $54 billion in June, on track for the highest monthly level since January 2018.
BlackRock's ETF Dominance Enriches Investors as Mutual Funds Suffer
BlackRock continues to steal market share from mutual-fund competitors with its suite of exchange-traded funds. Analysts say investors' increasing preference for ETFs shows no sign of abating. But because of the low fees charged by ETFs, profit margins are shrinking.
As ETFs Gain on Mutual Funds, WisdomTree Emerges as Takeover Target
WisdomTree Investments, a specialist in exchange-traded funds, could be an attractive takeover candidate for big money managers looking to catch up in the fast-growing ETF industry, according to Credit Suisse.
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.
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.
Blackstone CEO Schwarzman's Massive Payday Belies Mediocre Stock Return
Blackstone CEO Stephen Schwarzman got $125.5 million in annual compensation last year, multiples of the compensation for other longtime financial CEOs including JPMorgan's Jamie Dimon and BlackRock's Larry Fink. Yet the stock's performance has lagged.
Apollo's Record Fundraising Adds to Struggles for Stock Pickers
Apollo, Leon Black's $232 billion buyout firm, is pulling in money from investors eager to cash in on rising company valuations.
The Arena Group Q2 Gross Profit Nearly Doubles; Revenue Up 87%
The Arena Group, publisher of Sports Illustrated, TheStreet, Parade and more, reported that Q2 gross profit, revenue and digital-ad revenue jumped.
Will JetBlue Take Away the One Thing People Like About Spirit?
The takeover of the budget airline raises a key question for consumers.
Micron and Nvidia: Buy or Sell After Bearish Updates?
Nvidia provided negative news on Monday and Micron followed up with more on Tuesday. Here's the trade.