State Street sets $1.5 trillion in new asset servicing wins as the benchmark for growth
State Street's CFO said the custodian would have to generate new business wins of amounting to $1.5 trillion in AUC to achieve growth.
Tag: fees
BBH survey shows asset management worries, priorities and strategies after turbulent year
Survey shows asset managers’ views on outsourcing, operational efficiencies and securities lending following an unprecedented year of change.
Asset servicing fees decline sees drop in BNY Mellon’s Q1 investment services revenues
Revenue from asset servicing, its largest business, was down 7% in comparison to the first quarter of last year at $1.4 billion
Hedge funds begin to relent on fee pressures from investors
JP Morgan’s prime services team surveyed 227 institutional investors with a combined total of $706 billion in hedge fund assets.
FCA demands fund performance transparency from asset managers
With increased requirements on fund transparency, it could provide further opportunities for custodians to offer analytics services to asset managers.
Hedge funds being overcharged for depositary services, finds INDOS
The research found that many hedge fund managers have not revisited their agreements since the implementation of AIFMD in 2014.
SIX Securities Services to lower clearing and custody fees
The decision comes amid wider fee pressure from asset managers and other client types as they look to reduce their own operating costs.
Fee falling
Asset managers have little choice but to try to minimise their expenditure on custody as they face a world of pressures.