Further underscoring their growing role as profit source, the hedge fund segment generated $25 billion, or 12.5%, of total revenues in fees last year for major investment banks.
According to new data from
According to Reuters, the largest prime brokers are
There are roughly 7,500 hedge funds operating around the world today. They now manage about $1 trillion in assets, a far cry from the $40 billion of 1990. The largest hedge fund manager is the Swiss financial services group
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Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
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After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
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The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
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Advisor360° names former MassMutual exec Mike Fanning as its new CEO
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