Asset management

The move comes amid years of mediocre returns posted by hedge funds, prompting investors to pull money and demand lower fees.

Many lenders have started to scale back as the fund industry copes with reduced demand for research following MiFID II.

The downside for their clients, however, is it may obscure just how much credit risk they’re exposing themselves to.

Seema Hingorani will help oversee relationships with the firm’s largest clients and create a new training program to develop talent.

Data reported by the Investment Company Institute.

More than $1 trillion is invested in bond ETFs, with trading leaping 41% in 2018 from a year earlier, according to research.

The RobustWealth and Wells Fargo acquisitions are boosting the firm’s technology and scale as firms of its type diverge on their approach to a changing industry.

Broadly, hedge funds lost about 0.1% last month, paring gains for the year to about 6.2%, data show.

The decommissioning of redundant measures outweighed the creation of new benchmarks, according to a new report from the Index Industry Association.

The organization is focusing its efforts on diversity, technology and creative product development in 2020, says Jim Fitzpatrick, president and CEO of the group.