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Billionaire Ken Fisher, who compared winning clients to getting in ‘a girl’s pants,’ lost $1 billion in client funds

“Boston will not invest in companies led by people who treat women like commodities,” Mayor Martin Walsh said in a statement Wednesday.
Larry Fink, the CEO of BlackRock, at the Bloomberg Global Business forum in New York.

BlackRock earnings: Revenue and profits miss Wall Street forecasts because of ‘market headwinds’

BlackRock recorded a 2% drop in revenue and a 7% drop in net income in the second quarter, the firm announced Friday.
Henry Ward is cofounder and CEO of Carta.

Carta, the startup building a stock exchange for startups, says its own valuation increased nearly $1 billion in five months

Asset management platform Carta raises $300 million from Andreessen Horowitz tied to $1.7 billion valuation months after closing $80 million round

An ‘Achilles’ heel’ in credit markets means fund managers are bracing for a recession — here’s how they’re adjusti...

Fund managers at a Moody's conference are growing wary that a US recession might happen in the next year and are tweaking their portfolios to prepare.
Jerry Dodson, who founded Parnassus Investments, opposes a new homeless center in San Francisco.

The founder of a $26.5 billion do-good investment firm just donated to oppose a new homeless center in San Francisco

The founder of a firm whose strategy centers on doing good while making money donated $1,000 to an effort opposing a homeless center in San Francisco.

JPMorgan is reportedly slashing hundreds of jobs in asset management

The New York-based bank is set to cut support roles and other workers in wealth management as part of a periodic review.

BlackRock accidentally posted spreadsheets full of information on thousands of financial advisors that use its ETFs, calling some ‘dabblers̵...

The world's largest asset manager reportedly linked three spreadsheets of detailed info on the firm's advisor clients on its website for its ETF line.
A trader works at his desk ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), December 17, 2018 in New York City.

Top bankers, investors and CEOs look into a crystal ball and share their biggest predictions for 2019

Business Insider asked a group of experts to share their predictions for 2019 across tech, media, healthcare, and investing. Here's what they came up with.
Chris Willcox, head of JPMorgan Asset Management

The first no-fee ETF is coming next year, and it could come from one of these 4 firms

After Fidelity launched popular no-fee mutual funds, free exchange-traded funds are next, says the head of ETFs for CFRA.