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Investment Fund Managers

History

The investment profession in the United States has roots in the 1600s, when men who worked for merchant banks helped to finance long-term investments in other countries. In 1792, the New York Stock Exchange was established, which gave more people opportunities to invest their money. During the 1860s, bonds were introduced as a way to get more people to invest money and help to pay for the Civil War. It was also during this time that large investment companies were formed, including Goldman Sachs and Bache & Company, which was later acquired by Prudential Financial.

The investment banking industry is still recovering from the 2008 financial crisis. Some banks have changed their trading activities and turned their attention to wealth management services. Companies continue to need investment fund managers, however, to help them strategize and manage their funds to maximize the return on their investments.

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