underperformance

US bank BNY Mellon says one of its technology-focused funds had underperformed the market because it wasn’t exposed to companies investing in Bitcoin, a filing from yesterday showed.As of the second quarter of 2020, BNY Mellon is the world’s largest custodian bank and asset servicing company, with over $2.0 trillion in assets under management and $38.6 trillion in assets under … [Read more...] about US bank BNY Mellon blames “no exposure to Bitcoin” for fund underperformance