Public Pension Capital (PPC) and FiveW Capital today announced they, together with Viteos management, have acquired Viteos Fund Services, a leading provider of middle- and back‐office technology and services for the investment management industry.
U.S. funds recommended trimming equity allocations in January as they wait for President Donald Trump to announce the infrastructure spending and tax cuts he promised during his election campaign. Following Trump's shock victory in the race for the White House in November, U.S. stock markets have hit record highs on expectations he would cut taxes and regulation.
The Federal Reserve should wait for more evidence that U.S. inflation is progressing back toward 2% before raising interest rates again, Philadelphia Fed President Patrick Harker said on Tuesday.
U.S. fund managers have cut recommendations for equity and bond holdings and increased allocations in alternative investments to near a four-year high as they look for better returns, a Reuters poll found on Thursday.
