Alternative asset classes are seeing an increase in popularity, with 79 percent of institutional investors now investing in at least one, according to Preqin’s latest Investor Outlook report...
Hedge funds are moving towards health care stocks and away from the technology sector, according to the S&P Capital IQ quarterly hedge fund tracker...
Mariano Giralt has been promoted to head of BNY Mellon’s global tax services...
Cantor Fitzgerald has further expanded its portfolio solutions team, hiring four professional from Northern Trust...
Mathew Lewis has joined Axiom, a technology-enabled legal services provider, as co-head of its global banking practice...
Wells Fargo has hired Michael Gull and Nicholas Granata to its global fund services division...
John Hancock Group of Funds has chosen Citi to provide fund accounting services and global custody for 27 international US-registered mutual funds, representing assets of $29.1 billion...
BNY Mellon and State Street are at risk of failing to comply with the Basel III supplementary leverage ratio requirements, and should retain higher levels of capital in order to ensure compliance...