Fidelity Investments is expanding its capital markets division by 20%, or 80 positions, in trading, sales, prime brokerage and operations to serve clients trading mutual funds and hedge funds.

While the prime brokerage businesses at investment banks have lost market share because of their parents' demise, Fidelity is "in a different spot" because it is a trusted, conservative name and is privately held, said Mark Haggerty, president of the capital markets division.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.