US charges top portfolio manager, former Wamco co-CIO Kenneth Leech, with fraud

Earnings call: Franklin Resources posts mixed results in strategic shift

Franklin Resources reported AUM growth and operating revenue increase but faced challenges with net outflows and declining performance fees in its recent earnings call.

Franklin Templeton posts quarterly loss on hit from Western Asset unit

Franklin Templeton reported a fourth-quarter loss due to a significant impairment charge while also seeing an increase in management fees amid an SEC investigation.

Barclays new asset manager coverage; rates BlackRock overweight

Barclays analysts updated asset management ratings, giving BlackRock an Overweight rating, while highlighting challenges in organic revenue growth amidst competitive pressures and changing industry dynamics.