Jim McNamara joined Goldman Sachs in 1998, became managing director in 2000 and made partner in 2006.

Such a scenario could "challenge market assumptions both about cyclicality and about eternally negative rates," according to strategists.

August 6
1 Min Read
While the Renaissance Institutional Equities Fund gained 2.4% last month, it was still outpaced by equities for the year, a rarity in the four-decade history of the firm founded by Jim Simons.

The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.

August 6
1 Min Read
Wells Fargo signage displayed outside a bank branch in Dallas on Monday, July 10, 2017 Bloomberg News

“We do not yet know when we’ll return to a more traditional operating model,” a spokeswoman said.

August 6
1 Min Read
BlackRock is allowing all employees to choose working remotely, at the office or a combination of the two as its facilities reopen following a split-operations model in most locations, according to a memo.

Because of potential tax and compliance implications, they must tell the company if they are working from a location other than their home address.

August 6
1 Min Read
Although ETFs began trading in the U.S. more than 25 years ago, they’ve soared in popularity in recent years, rising alongside the longest bull market in history.

The funds have recorded $248 billion in net inflows in 2020, up about 5% from this time last year.

August 5
1 Min Read
Wells Fargo V3 by Bloomberg News

“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.

August 4
2 Min Read
Trying to sell a business during a pandemic? 5 tips from a financial advisor
Wealth Think

New opportunities and wise practices can maximize the value of your clients’ — or your own — company.

August 4
5 Min Read
The boost was driven by demand for buyout and infrastructure strategies in Asia.

The alternative asset manager surpassed its previous peak from the fourth quarter of 2017.

August 4
1 Min Read
Grappling with coronavirus

Stay up-to-date on the latest COVID-19 news affecting the industry.

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