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 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.

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