Money Management Executive Latest News

State Street Corp. has launched a derivatives clearing service, complete with a swaps clearing platform. With this launch, State Street now offers a complete, end-to-end derivatives solution, complete with servicing, custody, accounting, collateral management, valuation, risk controls and analytics.

Citi announced Wednesday that hedge fund Sandalwood Securities has selected it for a full suite of hedge fund-of-funds administration and custody services.

As registered investment advisors and fee-based advisers are challenged by increasing market volatility and declines, they are turning to alternative investment classes and tactical allocation to protect their clients’ portfolios. This was the major finding of a survey of 500 professionals by Jefferson National.

QuantShares on Wednesday announced it has licensed seven indexes in the Dow Jones U.S. Thematic Market Neutral Indexes series for individual exchange-traded funds. The ETF start-up has been planning the funds since January.

Nearly half of the leading asset management firms that Corporate Insight tracks now have multiple social media accounts, with 45% opening two or more Twitter accounts and 38% having two or more Facebook pages.

Putnam Investments announced Wednesday that it has become the first fund company to place Quick Response (QR), or smartphone codes, on its second quarter 2011 shareholder statements—leading investors to current information on its website, including fund manager insights.

A tip of the hat to Standard & Poor’s?

Sallie Krawcheck is leaving Bank of America, three years after leaving Citigroup.

Allianz announced Tuesday it is rolling up its Allianz asset management division and PIMCO units into a new structure to be called Allianz Asset Management, effective Jan. 1.

The dot-com crash and the Great Recession have taken a serious and lasting toll on the risk appetites of Generation Y, according to the latest MFS Investing Sentiment Survey. This generation, between the ages of 18 and 30, are “investing more like their parents and grandparents, many of whom grew up in the shadows of the Great Depression,” said William Finnegan, senior managing director of U.S. retail marketing for MFS.