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On Monday, Fidelity Investments announced total brokerage client assets had reached a record $1.99 trillion in the fourth quarter, a 17% increase from a year ago.
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A record 15,594 new equity trade ideas were entered into the Repository and Distribution Centre in January 2008, up 152% from 6,191 ideas entered last January.
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A Meeting of the Minds: Retirement Income Roundtable At SourceMedia New York Headquarters on Jan. 28, 2008
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Delegating key business operations to third-party providers such as custodians, administrators, distributors and transfer agents is certainly not new to asset managers. It is a traditional investment management business model which has been refined over the years with increasing third-party interaction.
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Shortly before the Apollo 13 moon mission was to launch, the command module pilot, Ken Mattingly, was exposed to the German measles and pulled from the flight crew.
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MIAMI-The best way to shape the back office's response to the Merrill Lynch Rule was addressed in a presentation last month by Dr. Stephen Winks at the National Investment Company Service Association's 7th Annual Managed Accounts Technology and Operations Conference, recently held here at the Doral Golf Resort and Spa. And it's all about becoming as nimble as the front office.
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Ramifications from the Pension Protection Act's effect on investor inertia, changes to Rule 12b-1's regulation of expenses and a possible mandate by the Securities and Exchange Commission on independent directors are among the top concerns of the mutual fund industry's top executives.
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Seeing how the biggest story of 2007 was the subprime crisis, which only a few canny hedge fund managers foresaw, let's take a look ahead to potential news headlines for 2008. Who knows, we might even be as canny as the best of them.
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