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Latest News - Andrew Jones

Invesco seals $5.7bn deal for OppenheimerFunds

Invesco is to acquire OppenheimerFunds in a deal projected to boost Invesco to over $1.2 trillion in assets under management.

UPDATE: Janus Henderson co-CEO Andrew Formica to exit

Dick Weil takes over as sole chief executive of Janus Henderson, with Andrew Formica set to depart at the end of the year.

Fidelity names global head of asset management

Bart Grenier is a veteran of Fidelity International’s US sister company Fidelity, having had three spells with the firm, which he first joined in 1991.

Vanguard CEO Bill McNabb to step down

Vanguard has chosen its chief investment officer, Tim Buckley, to replace McNabb as chief executive at the beginning of 2018.

Morgan Stanley fined $8m for ETF suitability blunder

Morgan Stanley has agreed to pay an $8 million fine to the Securities and Exchange Commission, in regards to its unsuitable recommendation of inverse ETFs.

T. Rowe Price head of asset allocation retires

Veteran investor ends long-running stint with US asset management firm with co-head taking on sole responsibility.

Aberdeen AM hit by four fixed income departures

Heads of US core fixed income, core plus and municipals, as well as a senior investment manager exit the asset manager.

Bill Gross to manage total return strategy at Janus

Bond veteran set to return to running a total return bond strategy, two years after he left Pimco.

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.