Global Asset Manager
Appears in 5 stories
Beat Q1 2026 estimates; AUM declined to $13.89 trillion
The largest American banks began reporting first-quarter 2026 earnings on April 14, delivering results shaped by a quarter unlike any since the early days of the pandemic. The United States and Israel launched airstrikes on Iran on February 28, Iran closed the Strait of Hormuz in early March, and Brent crude oil surged past $120 a barrel — the largest supply disruption in the history of the global oil market, according to the International Energy Agency. Goldman Sachs, reporting a day early, posted record equities trading revenue of $5.33 billion as its traders capitalized on the chaos.
Updated 4 hours ago
IBIT records inflows amid broader ETF outflows; sole major gainer Feb 3
Bitcoin has now fallen over 50% from its October 2025 peak of $126,000, hitting fresh 15-month lows around $66,000-$67,000 by February 5 after plunging 11% in a single day—triggering over $1 billion in new liquidations and extending the longest losing streak since 2018's crypto winter.
Updated Feb 5
Matching $1,000 for employees' children
The United States has never offered universal investment accounts to children. Starting July 4, 2026, every American born between 2025 and 2028 will receive $1,000 from the Treasury Department deposited into a stock market index fund—accessible at age 18 for education, homebuying, or starting a business. Over 1 million families enrolled in the program's first week.
Updated Jan 31
Attempted port acquisition blocked by China
A Hong Kong firm has operated the ports on either end of the Panama Canal since 1997. That ended on January 31, 2026, when Panama's Supreme Court voided CK Hutchison's concession as unconstitutional, and Denmark's Maersk assumed temporary control of the Balboa and Cristobal facilities.
World's largest asset manager, driving industry consolidation
MetLife just closed a $734.7 billion bet on survival. On December 30, 2025, the insurance giant completed its acquisition of PineBridge Investments from Hong Kong billionaire Richard Li's Pacific Century Group, catapulting MetLife Investment Management into the top tier of global asset managers. The deal grabbed one-third of its assets from Asia and over half from non-U.S. investors—a geographic expansion play wrapped in an existential necessity.
Updated Dec 31, 2025
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