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...A $111bn investment boutique owned by BNY Mellon is seeking seed capital from investors to enter the multi-manager hedge fund business dominated by the likes of US giants Citadel and Millennium....
...“The cost of that risk management will get embedded in the . . . price at which the market trades and the liquidity of the market,” says BNY Mellon’s Wuerffel....
...While it settled ESG cases against companies and asset managers including Goldman Sachs and BNY Mellon in 2022, none have been filed so far this year....
...A crisis quickly engulfed the £1.4tn sector, which is dominated by the BNY Mellon-owned Insight, BlackRock and Legal & General Investment Management....
...BlackRock has appointed BNY Mellon as an additional custodian for €673bn Dublin-domiciled iShares exchange traded funds, splitting custody for the business between two post-trade service providers....
...According to Pridham, the gross sales figures “show that established groups like Schroders, Jupiter, BNY Mellon and JPMorgan are attracting significant new flows”....
...Some 44 per cent of asset managers said they expect an uptick in mutual fund-to-ETF conversions over the next year, according to a recent report from BNY Mellon....
...“In the past people were using services at a moment of crisis. Now people are getting a little tune-up,” says Sharyn Jones, BNY Mellon’s interim co-head of people....
...With its systems compromised, ICBC Financial Services proposed sending a USB stick with trading data to BNY Mellon to help it settle trades, according to people familiar with the situation....
...However, proving that older investors have not entirely abandoned safer, income-based investing, two income funds feature in Hargreaves Lansdown’s top 10 ranking: Artemis Income and BNY Mellon Global Income...
...That has not protected BNY Mellon from being included among financial institutions that have come under attack from “anti-woke” critics....
...In a recent report, custody bank BNY Mellon said a third of client trades did not yet meet the future criteria. “It’s going to be an absolute mess,” said O’Shea. “Failure rates will go up . . ....
...It will be managed by Lunate, with BNY Mellon serving as its global custodian....
...Meanwhile, the Macquarie global equities ETF is benchmarked against the MSCI World ex-Australia Index and is managed by Walter Scott & Partners, the UK-based equities fund house owned by BNY Mellon Investment...
...“The first five days of the year are stock almanac legend — how they go, so goes the year,” said Bob Savage, head of markets strategy and insights at BNY Mellon....
...When the New York arm of China’s largest bank was hit by a ransomware attack in November, disrupting the $25tn US Treasury bond market, it proposed sending a runner across Manhattan to US bank BNY Mellon...
...“This is the most significant day for the structure of the US Treasury market in decades,” said Nate Wuerffel, head of market structure at BNY Mellon....
...BNY Mellon has once again resisted the temptation to work in a Boney M reference. Schroders is banging on about a “3D reset” again....
...Bank of America reported a quarter-on-quarter drop in NII on Tuesday, as did PNC, which derives about a third of NII from non-retail clients, and BNY Mellon, which caters to corporates, institutions and...
...BlackRock, Citigroup, JPMorgan Chase, Wells Fargo, BNY Mellon and Bank of America will all report fourth-quarter figures on Friday....
...Nasdaq planned to custody client holdings of bitcoin and ether — the two most popular cryptocurrencies — by the end of June, joining BNY Mellon and fund manager Fidelity in offering safekeeping services....
...With its systems compromised, ICBC Financial Services proposed sending a USB stick with trading data to BNY Mellon to help it settle trades....
...BNY Mellon shares were up 5.2 per cent in afternoon trading on Monday, while the S&P 500 was up 2.8 per cent....
...Netflix and Tesla open the run of quarterly tech results this week, while Goldman Sachs, Bank of America, BNY Mellon and Morgan Stanley bring to a close the earnings reports from Wall Street banks....
...“Their dominant global position in the world of custody and, by extension, fund administration is the reason that State Street and BNY Mellon found themselves on the [Financial Stability Board’s post-global...
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