SEI Investments in Oaks, Pa., said Friday that Aetna Capital Management, a subsidiary of the insurer Aetna Inc., has chosen it to administer a hedge fund of funds business.
SEI is to support and provide fund administration services for Aetna Capital Management in West Hartford, Conn. SEI is to supply subscription document processing, data aggregation, and specialized reporting. Its service mix also includes regulatory, compliance, and business strategy advice.
The Iran war's disruptions have sent oil prices jumping, but drillers are far more disciplined than they were a decade ago.
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., have released compromise language on stablecoin yield for a long-awaited crypto market structure bill, clearing the way for a markup in the near future.
The FDIC moved quickly on Friday to sell $288 million in assets Community Bank and Trust – West Georgia to Anchor Bank, but the sale announcement leaves the fate of $27 million in uninsured deposits to be determined.
Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
Banner Bank is poised to merge with Bank of the Pacific in an all-stock deal valued at $177 million. The two Washington-based commercial banks both have branches in Washington and Oregon.
BayFirst Financial in St. Petersburg named veteran Tampa-area banker Al Rogers as its CEO and announced an $80 million capital raise. The bank sold its SBA-lending business last year, but it's still struggling to work through problems in its legacy loan portfolio.
