Traditional asset managers, private-fund managers, and hedge funds now control about $43.5 trillion, surpassing U.S. banks' $23 trillion in assets. Companies like BlackRock and State Street are managing assets exceeding the German economy. Top firms wield sums comparable to large countries' economies, reshaping Wall Street's landscape.
Wall Street bosses tested by shareholder calls to strip them of power https://t.co/U8GUamZEsg by @DsHollers
Wall Street’s top bosses tested by shareholder proposals to strip them of power https://t.co/kJD1wBUxCS by @DsHollers
⚠️ GOLDMAN AND BOFA FACE RENEWED CALLS TO SPLIT CEO, CHAIRMAN'S ROLES Full Story → https://t.co/WRumgEaprV Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman's roles,… https://t.co/hg745TuS9V
The rise of the giant fund: How companies like BlackRock and State Street are taking over Wall Street - with some managing assets worth more than the German economy https://t.co/t6mgfaxsp7 https://t.co/1Du8dEaLAT
"Top firms now control sums rivaling the economies of many large countries." https://t.co/OxxsLzjcsd https://t.co/9vMN0zlaWo
"Move Aside, Big Banks: Giant Funds Now Rule Wall Street" via @WSJ https://t.co/ciag2yJ9FA
In 2008, U.S. banks and fund managers were roughly neck and neck at about $12 trillion of assets. Today, traditional asset managers, private-fund managers and hedge funds control about $43.5 trillion, nearly twice the banks’ $23 trillion. https://t.co/fNLFk8bctK