Frustrated by high fees and uninspiring returns, pension funds, sovereign wealth funds and other big institutional investors are demanding U.S. activist hedge funds be more transparent about their investment ideas and charge less, investors and fund managers say.
Columbia Threadneedle Investments, the asset management arm of Ameriprise Financial Inc, on Monday named Stuart Jarvis senior research director, to strengthen its global investments solutions team.
Investment manager Invesco Ltd on Monday appointed Ali Zouiten and Derek Steeden to two newly created roles in its Invesco Investment Solutions team in London.
A new breed of digital brokers is taking on the handful of Brazilian lenders such as Itau Unibanco Holding SA and Banco Bradesco SA that long had a lock on retail investors seeking a one-stop shop for banking and investments.
Switzerland's supreme court on Friday voted in favor of handing over historical data on over 40,000 UBS clients to French authorities in a landmark ruling.
U.S.-based equity funds posted more than $8.4 billion of cash withdrawals in the week ended Wednesday, following two weeks of inflows, according to Refinitiv's Lipper.
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