News

Exchange traded funds have taken over as the dominant holding in the fast-growing multitrillion-dollar US model portfolio market, helping to turbocharge their already rapid growth. ETFs accounted for 51 per cent of underlying assets at the end of last year, up from 46.7 per cent in early 2022, according to data from Broadridge Financial Solutions, a financial technology company, which puts the size of the US model portfolio market at $5.1tn.

Interactive Brokers, an automated global electronic broker, has introduced High Touch Prime Brokerage and Global Outsourced Trading to help select US hedge funds manage and grow their businesses. Eligible hedge fund clients of Interactive Brokers can now take advantage of high touch services that seamlessly deliver Interactive Brokers’ automated and cost-effective platform but with personal resources and attention.

State Street Global Advisors is to reduce the number of European listings for five exchange traded funds in order to concentrate liquidity.

Now this is what you call a spectacular start to the year. Mulvaney Capital Management’s Global Markets Fund posted a hard-to-believe 51 percent gain in March. As a result, the fund headed by Paul Mulvaney is up 124.41 percent for the first quarter, according to the firm’s March client tear sheet, seen by Institutional Investor.