Steven A. Cohens new firm will stop collecting employees best trading ideas for a central investment pool and rewarding them with a special bonus, a practice that the U.S. government said created wrong incentives at his former hedge fund SAC Capital Advisors LP.
There are no jurisdictional walls when it comes to the damaging effects of net asset value errors. This realization and the global collaboration taking place to address it are creating the new, global standard for "best practice" with or without the existence of domestic or foreign regulatory policy.
As the pace of cyberattacks increases, asset managers are taking a hard look at their cyber insurance coverage to make sure that it will cover them should they become a target.
Mary Anne Wiley left her position as managing director and head of iShares Canada, the exchange- traded funds unit of BlackRock Inc., as competitors encroach on the companys leading market share.
The location of the National Credit Union Administration suits its place in the hierarchy of U.S. financial regulators.
Last month, State Street Global Advisors revealed numerous changes meant to modify its core teams in the traditional asset space.
Broadridge Financial Solutions has agreed to acquire Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.
By now, the Securities and Exchange Commission's newly-minted Chair Mary Jo White must be inundated with advice on how to succeed at her job from sources near and far.
Franklin Resources has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management.
Thirty eight percent of fund firms across the country said that they will increase technology-related costs while a total of 17% of respondents said they expected no change in whether their firm's technology costs would rise or decline for the rest of 2013, according to the 2013 Money Management Executive Technology Survey.