Monday morning briefing – October 7, 2019

A look at hedge funds’ approaches to Brexit. The benefits and challenges of moving to the cloud. How AI will change the job market. And much more in this week’s briefing.

Economic/industry news

The U.S. unemployment rate hit a 50-year low: September unemployment rate falls to 3.5%, a 50-year low, as payrolls rise by 136,000

The Canadian economy was flat in July: StatsCan says economy flat in July as oil and gas sector down

More tariffs placed on Europe: U.S. to slap tariffs on European planes, whiskey after WTO ruling

How markets could be affected by an impeachment: What impeachment could mean for U.S. markets

Why now could be the time for alternatives: Is the tide turning for alternatives?

The benefits of investing in farmland: A look at the diversification benefits of farmland investing for pension funds

News and notes (U.S.)

Hedge fund launches rose in the second quarter: Number of new hedge fund launches up for second consecutive quarter

A look at hedge funds’ approaches to BrexitHow the hedge funds are really playing Brexit

Interest in private assets is high and will continue to grow: The unstoppable allure of private assets

A look at the PE middle market during the second quarter: 7 charts illustrating the US PE middle market in 2Q

Vanguard looking to enter the currency trading market: Vanguard to challenge banks’ grip on $6 trillion currency market

Mutual fund sales and performance over the past two weeks: Mutual funds scorecard: October 1 edition

The SEC is looking to modernize ETF regulations: The SEC says it’s making ETFs more accessible – here’s what that could mean for investors

More firms move to commission-free trading: TD Ameritrade announces zero commissions in tit-for-tat move

News and notes (Canada)

Purpose to incorporate ESG across all strategies: Purpose announces full ESG integration

National Bank launches green bond: National Bank issues sustainability bond

Canadian pension solvency fell to 98.6% in the third quarter: Canadian DB pension solvency declined in third quarter: surveys

CSA looking to improve its client-focused reforms: CSA introduces revised version of client-focused reforms

Responsible investing important to Canadian institutional investors: Canadian institutional investment pros say RI is important

On the pulse – New frontiers in fintech

A look at some fintech trends you may not already know about: Three overlooked trends in fintech

How to build a personalized experience: Secrets to building one-to-one digital experiences

How AI will change the job market: Artificial intelligence driving the next generation of jobs in the UK

Helping companies trade globally: Banks join forces on digital platform to help firms trade globally

Improving the branch experience: Interactive tech drives bank’s new experiential branch

The benefits and challenges of moving to the cloud: Interview with Bloomberg’s CIO: What’s driving financial services to the cloud?

A look at some examples of industry convergence: Industry convergence: Going beyond business boundaries

Robinhood adding well-known content to its app: Stock trading app Robinhood revamps its newsfeed with the Wall Street Journal and ad-free videos

The cost of fighting climate change: Americans fear climate change and the cost of fighting it

High-net-worth topics

Initiating the wealth transfer discussion between the high-net-worth and their children: How a UBS exec gets families to open up about wealth transfer

Goldman looking to attract the high-net-worth in Europe: Goldman is taking another stab at serving Europe’s rich

High-net-worth millennials believe they may need to work past retirement age: Survey: Many affluent millennials don’t think they can retire by 65

Polls & surveys – What financials are saying

Only 4% of CEO positions are held by women (CSA): Women gain share of board seats but not executive roles

Many Americans are concerned about their finances (NAPFA): Americans in need of some good financial advice: survey

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