News Feed

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.

LIMRA's latest study finds that while life insurance ownership is at an “all-time low” in terms of the percentage of families that have coverage, this situation presents advisors with a huge opportunity for new policy sales.

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

NYSE Euronext said it experienced huge surges in stock-trading activity on both sides of the Atlantic Ocean during August. The operator of the New York and Paris stock exchanges said it handled 2.2 million trades a day in Europe, up 70.3 percent from a year ago. This was a record, it said.

Deloitte Consulting has promoted Elizabeth Krentzman from principal to head of its mutual fund practice, a new position at the firm that oversees its auditing, tax, financial advisory and consulting businesses for the fund industry.