Asset Management

The World Bank Group has mobilised a record $112 billion in private capital during fiscal year 2026, more than tripling the $35 billion figure recorded in FY2022 and marking a substantial increase from $69 billion in FY2025. Combined with...

Charles Schwab and Anthropic are expanding the use of artificial intelligence in wealth management through claude for financial advisors, which will be made available to more than 16,000 independent registered investment advisors (RIAs) served by Schwab Advisor Services. The...

The LinqAlpha and KOSCOM MOU marks a significant collaboration aimed at broadening global access to Korean market data and advancing AI-powered investment analysis services for institutional investors. LinqAlpha, an AI-native financial intelligence company serving institutional investors, and KOSCOM, the...

Broadridge Financial Solutions has announced the launch of DLX, a fully integrated tokenization and digital asset infrastructure platform built for institutional market participants. The Broadridge DLX platform enables financial institutions to operate across both tokenized and traditional markets through...

Vanguard has entered into a definitive agreement to acquire Altruist, an AI-forward wealth technology and custody platform that serves independent financial advisers. The Altruist Acquisition represents a significant move by Vanguard to deepen its presence across the adviser technology...

The finance sector adopts a nature transition model Paris and Oslo are pushing biodiversity deeper into investment mainstream as BNP Paribas Asset Management collaborates with Storebrand Asset Management to lead a new working group for the Finance for Biodiversity Foundation. The group...

Ares Management Corporation, which is a leading global alternative investment manager, on June 10 announced the final close of Ares Pathfinder Fund III, L.P., and Ares Pathfinder Fund III – Offshore, L.P. at $8.5 billion of LP commitments. The fund became oversubscribed and...