Alliance Bernstein to slash jobs as Q4 sees AUM drop 17%
Investment manager also reported a 9% decline in full year net revenues, with fixed income posting the worst annual returns on record.
Tag: Alliance Bernstein
Alliance Bernstein weathers storm and bolsters new Equity Capital Markets business
Investment manager is backing an improvement in revenues for the Equity Capital Markets despite suboptimal market conditions causing them to plummet 75% in Europe this year.
Alliance Bernstein enters ETF space with new hire
The firm plans to build out a global ETF business with an initial set of products expected to launch later this year.
Buy-side pressuring custodians to modernise collateral messaging
Asset managers concerned that the messaging tools custodians use for the collateral management process are behind the times.
TRACE-style system unlikely to solve European fixed income data problems
Fragmented nature of European regulatory authorities means a TRACE-style source of fixed income data is unlikely to be replicated in Europe, according to panelists.
OpenFin universal standards initiative draws cross-industry support
Consortium aims to establish universal connectivity standards for industry desktop applications.
Bond participants say stress event could have dire consequences
Panellists agree the bond market has yet to be fully tested.