Komansky, who joined Merrill Lynch as a stockbroker, expanded the firm around the globe as its chairman and CEO during the bull markets of the 1990s.
More than a dozen investment firms overseeing more than $4 trillion in assets are banding together to standardize data on the environmental, social and governance performance of their portfolio companies.
The deal makes Franklin the latest fund company to strike a deal for a direct indexing business. O'Shaughnessy's custom indexing unit, Canvas, has amassed $1.8 billion in assets since it started in 2019.
European investment managers beginning to drop "ESG integrated" from company filings company filings amid concern that regulators will no longer tolerate vague descriptions.
European soccer has always been desperate for cash, but that’s grown more acute after the pandemic kept crowds away from stadiums and left some of the continent’s biggest and most successful clubs with eye-watering debt.
With the work-from-home era fueling a boom in electronic trading, the majority of investors in a $31 trillion community say they now deploy factor strategies in bond portfolios.
The deals are being driven by the growing legions of rich individuals who need financial advice and the growing shortfall in the ranks of financial advisers.
The two titans of growth and value investing said investors don't need to worry yet about a stock market bubble, and that the financial services industry is ripe for disruption.
The central bank could start scaling back its asset purchases in November, the Fed chairman said, after policy makers revealed a growing inclination to raise interest rates next year.
Vanguard has just one employee to monitor climate issues for every 300 of its portfolio companies and it lacks a policy to divest some funds from coal producers, according to a report from Universal Owner.
