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State Street sold its $200-billion niche unit in 2021 to FNZ but may have had seller's remorse; now, it appears ready to offer a high-end, multi-currency custodial superpower at a time when RIAs may need that edge.
The New York City rollup doesn't need six hubs • Shewta Narasimhadevara is leaving SSGA after just five months in her current role • Judge blocks what class accepted, telling lawyers there's a better deal on the table
Shifting political winds may cause three asset managers with $26.72 trillion to 'go for the jugular,' Wall Street attorney says; not so fast, says a second securities attorney, 'There's a smoking gun here.'
Analysts remain baffled why State Street and the Securities and Exchange Commission are leaving the essential liquidity issue unresolved.
The Westport, Conn., firm will repurpose, minus flourishes, an 'all-weather' strategy and get the Boston asset manager to do much of the heavy lifting.
The Apollo-SSGA pitch to the SEC promises Apollo will buy the alts in a pinch -- but the hitch is that it's the originator, buyer, and seller, introducing uncertainty to 'market' pricing.
The bank deposit insurer could make the $17-trillion ETF power bloc lose the ability to self-certify as 'passive' funds because their sheer scale could make them an active menace to the banking regulator, at least in this political climate.
Oklahoma public pension fund revolts against state Treasurer and refuses to divest ESG funds in protest against mixing politics with fiduciary duties -- roughly a repeat of the ESG revolt in reverse.
The Malvern, Pa. firm played the Bogle card amid an about-face on NZAM, which it joined 21 months ago with heavy hitters like BlackRock, to 'steward' client assets, but external GOP political pressures may have forced it to cave.
The $881 billion Manhattan alts investor will delve into junk in addition to safer senior loans with new ETF. Nobody will complain about the 70 basis-point fee, if it again delivers higher returns and the inflation protection of floating interest rate loans.
The franchise extension of the Boston giant's $275-billion S&P 500 golden goose comes as Vanguard and BlackRock rake in ESG assets and environmental, social and governance filters get applied to about $13 trillion of assets.
The additional 60-day extension lets advisors breathe but even Wall Street analysts wonder just how far TD Ameritrade should go in inflaming 'consternation' of 'golden goose' RIAs
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