Employees at the asset manager's Philly R&D facility will do project work.

Assets under management at 100 largest hedge funds increased 10% in 2016.

From The Markets

Tech Drives Buy Side

BlackRock highlights tech's utility in client service, alpha generation and operational excellence.

Algos can now be tested for MiFID II compliance.

Single integrated solution to streamline trading operations.

Liquidnet's latest algo searches for mini-blocks.

'Old-school' brokers who don't adapt may find themselves driving for Uber.

P&I notes an emerging trend of institutional order flow not automatically going to the Bulge Bracket.

The roadmap looks beyond the UK leaving the European Union to 2025.

MiFID II is spurring innovation.