08/04/2013

Smaller banks look to acquire managers

Large banks might have shed their money management businesses to raise capital after the financial crisis, but some of their smaller brethren are back in the market for such units

07/30/2013

Invesco Q2 profit up 2.1%

The Atlanta-based global investment management company reported a 2.1 percent rise in profit in the second quarter.

07/29/2013

Waddell & Reed's Profit Rises

Asset manager Waddell & Reed Financial Inc reported a 26 percent rise in quarterly profit as net inflows more than doubled.