FIS takes majority stake in alternatives fund administration provider Virtus
The acquisition will provide FIS access to a range of new front-to-back office services for credit-focused alternatives fund managers.
The acquisition will provide FIS access to a range of new front-to-back office services for credit-focused alternatives fund managers.
The report suggests custodians are no long the central hub of technology for RIAs, with tech vendors now providing direct competition over data and analytics.