Asset managers

The firm says it has moved away from the products after an implosion of a vast array of arcane bets against stock market volatility.

Cloud-based platforms may pose a disruptive threat to asset managers and custodians offering fixed-income products.

The proliferation of esoteric funds not easily understood by retail investors has created greater potential for damage.

The last time the industry’s largest ETF experienced redemptions close to this pace was before the financial crisis.

Credit Suisse said it will liquidate an ETP, effectively wiping out a fund whose market value topped $2 billion just three weeks ago.

Headcount dropped by 413 brokers year-over-year, but productivity per FA jumped by 29%.

U.S. Bancorp is reviewing whether it will remain a custodian after the fund went from buying Latin American real estate to cannabis producers.

The bank’s asset management business merged teams overseeing fundamental U.S. equity value and growth strategies.

ETF Managers Group accused the exchange of favoring interests in a competing product.

The increase comes after a 2% to 4% cut in 2016 when the firm reported its first revenue decline since 2009.