There is a much higher probability of at least temporarily going over the cliff than is appeared to be baked into stock prices, says BlackRock iShares global head of investment strategy Russ Koesterich.
BlackRock iShares global head of investment strategy Russ Koesterich sees some parallels between the U.S. and the Roman Empire, but says our problems are fixable.
BlackRock the world's biggest money manager, is accused in a lawsuit by two pension funds of reaping "grossly excessive" compensation from securities- lending returns associated with iShares.
BlackRock, the world's biggest asset manager, replaced portfolio managers at funds including those that invest in energy as it seeks to improve performance at actively run products.
Morgan Stanley Wealth Management has snapped up a three-member team from Merrill Lynch with $1.3 million in production in the firm's latest acquisition in its hunt for new advisory talent.