• Hedge funds and private-equity firms face tug-of-war over talent; 'Alexa, what ETF should I buy?'

    1 month ago - By Business Insider

    Dear readers,
    Welcome to this week's edition of Wall Street Insider. It was great to meet so many of our readers on Monday at our IGNITION: Transforming Finance event at the New York Stock Exchange. We had top tech leaders from firms such as Goldman Sachs, JPMorgan, Morgan Stanley, Citi, BNY Mellon, and Barclays chat about a wide variety of topics, including the threat posed by Silicon Valley to big banks, how to deal with evolving customer expectations around digital, and the cultural challenge of driving innovation in huge organizations.
    You can check out all of our coverage here...
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  • Firms that shunned ETFs are embracing a new kind of fund, which could help them stem the hundreds of billions they're losing each year

    Firms that shunned ETFs are embracing a new kind of fund, which could help them stem the hundreds of billions they're losing each year

    1 month ago - By Business Insider

    In May, the SEC gave the green light to a new kind of exchange-traded fund. Unlike traditional ETFs, the so-called "non-transparent active ETF" is managed much like a mutual fund instead of being tied to an index like the S&P 500, and the portfolio manager doesn't have to disclose what's in the fund daily.
    Now, asset managers are rushing to the space, with more than 30 firms getting ready for their own ETFs.
    Read more ...