Citi’s report, formerly known as the Hedge Fund Business Expense Benchmark Survey, is based on proprietary analysis and detailed responses from 149 hedge fund firms that collectively represent USD 581 billion in industry AUM, or 19.8% of total industry assets.
State Street Global Advisors lowers fees on 41 SPDR ETFs
State Street Global Advisor announced that it has lowered the management fees on 41 SPDR exchange-traded funds (ETFs), including those investing in a wide range of international and domestic asset classes, effective immediately.
Marcello Pasquatti, 17-year veteran at MFS in Brazil, joins Pimco in Miami
Pasquatti, who began working for MFS in 1997 on the international sales desk, will be reporting to Alec Kersman, executive vice-president, head of Latin America & the Caribbean.
Morgan Stanley: High-net-worth investors predict positive 2015 on strength of US economy, tech and biotech stocks
Morgan Stanley Wealth Management’s semi-annual Investor Pulse Poll found that the wealthy see their best opportunities coming from the US, in technology stocks, and in equities in general.
March Gestión hires Lorenzo Parages as head of business development
March Gestión seeks to expand its business in Germany, Austria, Spain, Italy, Luxembourg and the UK in Europe as well as in Latin America.
Threadneedle to be rebranded as Columbia Threadneedle Investments
The change, due to come into effect in the first half of 2015, is designed to reflect the increased crossover between Columbia Management and Threadneedle, both of which are owned by Ameriprise Financial.
iShares captured 31% of global ETF industry flows in 2014
Driven by its US and European product lines, the firm captured 31% of the total USD 331 billon in global exchange-traded-fund (ETF) market flows in 2014.
Nuveen’s Bob Doll releases his much-watched10 predictions 2015
Doll’s Ten Predictions have long served as thoughtful guides to issues investors should consider as they work with their financial advisors to build strong portfolios.
Russell Investments: Global squeeze play continues as central bankers embark on diverging paths
"As high valuations persist, especially in the US, and yields remain low, due to historically unorthodox easing policies from global central banks, investors are faced with a challenge to achieve their real goals in a low-return world, often squeezing many to riskier assets," said Jeff Hussey (photo), Russell's global chief investment officer.