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.He's the bond king you may have never heard of.
Josh Barrickman, 42, oversees $625 billion in fixed-income assets for Vanguard. That includes the world's two largest bond funds: the Vanguard Total Bond Market Index Fund and the Vanguard kelleher international review (Read Much more
) Total Bond Market II Index Fund, with $190 billion and $139 billion respectively, according to Morningstar.
We recently caught up with Barrickman to get his views on bond markets, how passive behemoths like Vanguard are changing markets, and what it's like to oversee so much money. You can read the interview here
. Elsewhere in finance news, President Donald Trump is likely to
nominate Fed Governor Jerome Powell as the next Fed chair
Maverick Capital, a $10.5 billion hedge fund that's had a lousy year, has a plan to turn it around
. The president of struggling $2 billion hedge fund Hutchin Hill Capital is set to depart
The asset management industry is going to boom in the next decade - but it's set for "seismic changes."
The CEO of Goldman Sachs cryptically tweeted about the bank's post-Brexit plans in the UK
. And Steve Bannon is reportedly on the
warpath against hedge fund titan Paul Singer
Elsewhere in politics news, Trump's former campaign chairman, Paul Manafort, surrendered to the FBI on Monday
. The FBI's indictment of Paul Manafort shows he spent over $12 million on Range Rovers, men's clothing, and home improvements in the Hamptons
. The investigation is making the Republican tax plan rollout a "sideshow" - but that might not be a bad thing for Republicans
In deal news, CVS is plotting a $66 billion takeover - and it has a lot to do with fending off Amazon
. Lennar's $9.3 billion merger with a rival perfectly captures two of the biggest problems with housing in America
. Strayer Education and Capella agreed to a $1.9 billion merger
. Akzo Nobel is in talks to merge with a smaller US rival
. And China is eyeballing a major strategic investment in Saudi Arabia's oil
. In markets news and views:Investors are running out of cash - and that's terrible news for the stock marketNOMURA: Traders should be on the lookout for "catapult risk"
America's biggest companies are investing more in themselves - and it's causing a huge shift in the stock marketApple can't seem to make enough iPhone Xs - but Wall Street doesn't care
Millennials' coffee preferences are wildly different from their parents' - and Starbucks
is set to reap the rewardsFacebook is trading at all-time highs ahead of Wednesday's earnings
An analyst downgraded Chipotle for paying its workers too much, and it tells you everything wrong with the economy right now
Lastly, a "private palace" with a 200-person dining room and columns from the ruins of Pompeii is on sale in London