State Street aims to increase competitiveness in asset servicing by adding private-market coverage from the acquisition of Mercatus.
SkyBridge's Brett Messing added co-CIO to his role as chief operating officer after the recent departure of former co-CIO Troy Gayeski.
State Street agreed to acquire Mercatus to add private markets coverage to its asset-servicing platform.
SSGA's AUM hit $3.9 trillion, up 8.5% for the quarter and up 27.6% for the year on long-term flows and investment gains.
Asset owner and money management executives share their summer reading choices.
Hedge fund allocations rose in the first half of 2021, as investors sought returns and diversification to offset low fixed-income returns.
Putnam created a new co-CIO role for its global asset allocation unit and promoted Brett Goldstein to fill the position.
Virtus will acquire credit specialist Stone Harbor Investment Partners, its 11th boutique asset manager affiliate, by year's end.
Money managers and investment consultants that manage money are looking to offer and expand their mass-customization strategies.
OCIO managers had a strong year ended March 31 and continue to see high interest, especially from defined contribution plan sponsors.
OCIO managers report increased interest from larger institutions after the turmoil of managing portfolios internally in the pandemic's wake.
Investment consultants are looking to further diversify their client bases with more assignments from retail financial intermediaries.
John Tucker plans to take over as CIO of SSGA's global equity beta solutions business after Lynn Blake's retirement in September.
Troubled Infinity Q Capital Management will liquidate its hedge fund in addition to its mutual fund because of mispriced valuations.