Industry revenue has roughly tripled from the $36 billion in 2018, according to the report. Gross margins from independent trading houses far outstripped others in the sector. For the first time, the consultancy’s analysis split out hedge fund numbers into their own section, having merged them with others beforehand.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend