Equities

The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.

The fast money has more than three times the impact on equity valuations than long-term investors like pension funds, according to a recent paper.

Almost 90% of smaller fund managers would no longer have to report their investments and their firms would save $136 million a year, the agency estimates.

The industry outranked asset classes including private equity and venture capital, which have historically ranked higher in a Credit Suisse survey.

Banks and insurers have trailed the S&P 500 by 20 percentage points, their worst performance at this point of a year on record.

Economic damage wrought by the coronavirus has not stopped investors from piling into the companies able to churn out profits in the stay-at-home world.

CEO Dan Arnold says the pandemic “will create some structural change across the market and the industry.”

The fund ditched its tail-risk protection weeks before the coronavirus sent stocks into a tailspin, according to people familiar with its decision.

The smart-beta pioneer and sub-advisor to money managers has re-calibrated its forecasts after the coronavirus-induced crash reshaped markets.