Institutional

Investors have begun fretting more about Donald Trump's economic policies and the increasing potential for U.S. policy errors, according to a new survey of fund managers from Bank of America Merrill Lynch, pushing cash levels higher even as expectations for rising growth and inflation continue to mount.

The Depository Trust & Clearing Corporation, better known as DTCC, has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology framework to drive improvements in post-trade derivatives settlement. 

The selection of Wall Street lawyer Jay Clayton as Donald Trump's choice to lead the U.S. Securities and Exchange Commission is a signal that the incoming chair could emphasize capital formation over enforcement and work to reduce the regulations that critics see as hindering corporate growth.

State Street has tested a blockchain system that it hopes can be used to streamline the securities lending process as the financial industry accelerates efforts to adopt the emerging technology.

The founder and CEO of Calamos Asset Management have announced plans to take the asset manager private in a deal offering $8.25 per share for shares of the company not already owned by them or their affiliates.

Wall Street's top banks were not immediately swayed Wednesday by signals from the Federal Reserve that the pace of interest rate hikes could pick up significantly next year, sticking instead to a view that the U.S. central bank will lift borrowing costs no more than twice in 2017, according to a Reuters poll.

Institutional investment managers will shift more capital towards alternative investments next year and believe emerging markets, private equity and high-yield bonds will be the biggest winners in their respective categories next year, according to a new survey by Natixis Global Asset Management, while U.S. stocks, real estate and government bonds will disappoint. 

President-elect Donald Trump has named Goldman Sachs President and COO Gary Cohn as head of the White House National Economic Council, a group that helps develop the president's economic agenda and coordinates economic policy across agencies.

Persistent and unprecedented pressures on fees, low returns and slow AUM growth will force asset managers worldwide to cut costs and explore new business strategies if they are to survive, according to a new white paper from Deloitte’s global asset management consulting unit Casey Quirk. 

Paris-based investment manager Amundi is reportedly in exclusive negotiations to buy asset management company Pioneer Investments from Italy’s UniCredit.