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Even stodgy Wall Street brokerages are loosening up as they try to win the war for talent.

Emerging consumer attitudes toward privacy threaten to overturn long-standing industry assumptions about customer data and personalization.

The change bars money managers from using some types of business entities to take advantage of an exemption to rules laid out in the 2017 tax law.

The cuts are among the first under new CEO Kentaro Okuda, who since taking the reins has said an existing $1.3 billion restructuring plan is no longer enough.

In the first half of the year, the country’s largest pension system cast votes against pay plans at 1,165 firms, or 52% of portfolio companies that held votes.

The $217 billion alternative asset manager reported its biggest loss as a public company in the first quarter.

The manager joins firms including JPMorgan and Arena Investors in seeking opportunities in the sector, particularly in the wake of the coronavirus pandemic.

Funds that follow a similar approach lost 5.1% over the period, according to Hedge Fund Research.

Its rivals have been building out their own insurance arms in recent years and have brought on executives who can help them attract more business.

The manager is still recovering from losses that started in 2015, when his main fund fell 20%, and deepened with a record 34% decline three years later.

The firm had a target of joining the "$1 trillion club." Instead, clients withdrew more than $157 billion from its 2017 merger to the end of last year.

Speculative investors bought a net 206,227 S&P 500 E-mini contracts in the week to June 23, the most since 2007.

Leveraging big data, machine learning and artificial intelligence will extend stock selection beyond its current capabilities, according to Procure Holdings President Bob Tull.

Almost all of the decline reflects performance-related losses rather than client withdrawals, according to a person familiar with the matter.

Don’t expect significant changes anytime soon to longstanding complaints about conflicts of interest in the “issuer pay” model of the ratings business.

The $4.64 billion fund lost 75% of its value in two months.

The State Street fund has climbed 68% since falling to a more than seven-year low in March.

As big banks adopt off-the-rack approaches to reopening skyscrapers to armies of employees, the asset management industry’s solutions are much more bespoke.

One French trade group reports that the country’s managers reduced research budgets by as much as 75% between 2017 and 2019.

Withdrawals this year have equaled almost half of last year’s inflows, leaving Pimco with net outflows of $46.8 billion in the first quarter.