And 46% plan to maintain what they've got. It turns out that 2016 was a particularly rough year for hedge funds, as their poor performance failed to convince investors they were worth the high fees they charge.
However, the rating agency added that the revised outlooks are based on unfavourable trends in the group’s operating performance, particularly from AXIS’ insurance segment.
The organisations found that hedge funds have out-performed equities and bonds on a risk-adjusted basis over one, three, five and 10-year periods.
Fourth quarter net income of $1,533 million and core operating income (1) of $1,489 million included a provisional tax benefit of $450 million, or $0.96 per share, related to the 2017 U.S. Tax Cuts and Jobs Act (2017 Tax Reform) and a one-time expense rel
The combined eFX trading solution is already available and will be delivered as a micro-service on the Finastra FusionFabric architecture, adding value for capital markets clients who prefer a cloud-based approach.