Part 8/9:
These moves underscore a broader trend in the asset management industry, wherein larger players leverage their existing infrastructures to tap into markets that offer higher fees and sticky investment products—reflecting an evolving landscape in the finance sector.
Remembering Art Cashin
Towards the end of the episode, the hosts took a heartfelt moment to remember Art Cashin, a renowned figure on the New York Stock Exchange and a prominent voice on CNBC. Art's career stretched over decades, symbolizing the essence of a dedicated floor trader who garnered universal respect and admiration throughout the industry. His passing serves as a reminder of the autochthonous personalities that shape the world of finance.