(Editor’s note: A while back the data science division of BlackRock, which has assets under management (AUM) of $5.7 trillion as of June 30, 2017, was looking for a way to provide more dynamic access to resources, including the widely used Aladdin platform, a.k.a. Asset Liability and Debt and Derivatives Investment Network. Aladdin offers investment… Read More >>
Global Hedge Fund Industry AUM Hits $3.2 Trillion
Hedge funds saw total assets under management (AUM) jump 24 percent to $3.2 trillion between September 2014 and 2016, according to the fourth International Organization of Securities Commissions (IOSCO) hedge fund survey. The survey finds that the increase could reflect a combination of more widespread reporting across jurisdictions, market performance, and net fund subscriptions, but… Read More >>
Credit Suisse Asset Management Group Sells Off Actiance Investment
Sale is Key to the Merging of Actiance and Smarsh Credit Suisse Asset Management’s NEXT Investors group reported on Nov. 30 that it has exited its investment in Actiance, a communications and social media compliance, archiving, and analytics vendor, via a sale to K1 Investment Management, a U.S. private equity firm that invests in enterprise… Read More >>
GuideStone Expands Relationship with Northern Trust
A longtime global custody client of Northern Trust, GuideStone Funds, a mutual fund complex with more than $11 billion in assets under management (AUM), is expanding its relationship with Northern to include fund accounting and fund administration services. The fund servicing mandate will encompass the GuideStone Funds family, including 26 registered mutual funds with $11.6… Read More >>
