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FIS acquires post-trade platform Torstone Technology

The TRADE

Torstone is a global SaaS platform for post-trade securities and derivatives processing technology, originally built by and for a global investment bank. The fintech was founded in 2011 with originator and CEO Brian Collings still chief executive and chairman today.

Trading 109
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3forge receives capital injection from Morgan Stanley

The TRADE

The injection is the first time since its 2011 launch that 3forge has raised external capital. Tier-1 global banks, hedge funds, asset managers, exchanges, and sovereign wealth funds have been deploying 3forge’s platform since 2014.

Capital 57
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PIMCO charged by the SEC for swaps disclosure and procedures failures

The TRADE

The SEC also found, in the second action, that between April 2011 to November 2017, PIMCO failed to waive an estimated $27 million of advisory fees as required by its agreement with the PIMCO All Asset All Authority Fund. PIMCO failed to comply with both of these critical obligations.”

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Singaporean investment manager New Silk Road outsources trading to Northern Trust

The TRADE

Read more: T+1 Industry Issues Forum 2024: Funding and FX challenges The imminent shift to T+1 in the US is a clear catalyst for this move as Asia-based asset managers expect big challenges due to the time differences. We look forward to continuing to build our relationship with New Silk Road to enhance their global trading needs.”

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Deutsche Bank’s head of buy-side solutions sales departs

The TRADE

Since joining in August 2011, it has been a great place to work and has provided me with incredible opportunities for career and personal development. Before that, he served as vice president and relationship manager for JP Morgan’s priority asset manager clients.

Sale 62
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Single-Manager Hedge Funds: The Best Way to Get a Recurring Guest Spot on CNBC?

Mergers and Inquisitions

Also, most of its outperformance came from strong results in 2004 – 2010, which is why it struggled and lost AUM and investor support in the 2011 – 2019 period. By contrast, a top multi-manager hedge fund would post more consistent results but probably wouldn’t outperform the S&P by 5% annually over 14 years.

Funds 59
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Generali set to become one of Europe’s biggest asset managers through US-based Conning acquisition

The TRADE

Generali has entered a definitive agreement to acquire US-based Conning from Cathay Life in a deal that will see it become one of the largest asset management firms in Europe. Earlier this year, UK asset manager Liontrust also entered into a conditional agreement to acquire Swiss asset management company, GAM Holding for £96 million.