Asset management

The custodial bank says it has reimbursed the affected clients with interest.

Many relatively straightforward products have boosted their holdings of lower-rated bonds and emerging markets to juice returns.

There is growing disquiet among those who run and invest in the products about potential problems that might be caused by rate cuts from the Fed.

Geopolitical risk, dovish central banks and an aging business cycle are reinforcing bullish moorings in global debt.

Expenses have outpaced or matched revenue growth during the past four to five years, while aggregate fees declined almost 20%, a study found.

Of the 468 hedge funds that used Goldman Sachs’ prime brokerage services in the past decade, half have shuttered.

The “materiality of risks with not considering" the strategy is the primary consideration for its implementation, a UBS survey finds.

More than 25% of the products were sold with shorter or static maturities in the first quarter, compared with only 10% for the same period last year.

Fee pressure and improvements in data and analytics are among the leading issues the industry faces today, executives say.

Bonds were sold to build a development with a water park and Venice-style bridges. Now a Florida community is going bankrupt.