With factors that drove growth now in reverse, sector confronts array of headwinds
Both companies said there was no guarantee that an agreement will be reached
New fund for accredited investors provides access to four private asset classes
System-wide review launched in response to recent liquidity crunches in stressed markets
Announcement follows S&P's downgrade of firm in early May
Growing politicization of ESG investing in U.S. poses risk to asset managers, Moody's says
Traditional fund managers will be challenged to attract, retain assets
Role had been filled on an interim basis since Steve Hawkins departed in November
Regime to protect investors must also work for industry, regulator says
Sector's competition, regulation and risk will all be transformed, Fitch says