KKM Financial's Essential 40 stock fund is now an ETF
CNBC: Investing
OCTOBER 21, 2024
Many asset managers have been converting their mutual funds to ETFs in recent years, due in part to a 2019 SEC rule change.
UBS appoints new president of asset management
The TRADE
JANUARY 26, 2024
Aleksandar Ivanovic UBS has chosen Aleksandar Ivanovic to succeed Suni Harford as president of asset management upon her departure, with the appointment effective from 1 March. Prior to this most recent appointment, was head of client coverage and head of the EMEA and Switzerland regions for asset management.
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The TRADE announces the Rising Stars of Trading and Execution 2023
The TRADE
OCTOBER 18, 2023
The scheme has recognised numerous promising talents over the years, many of whom have gone on to expanded roles such as head of trading at some of the world’s largest asset managers and hedge funds. Find previous years’ recognised shortlists here: 2022 – 2021 – 2020 – 2019 – 2018 – 2017 – 2016 – 2015.
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2019 In Review: #1 in Insurance M&A
Sica Fletcher
FEBRUARY 18, 2020
In 2019, we closed the largest number of transactions ever for our firm, reflecting the increasingly robust M&A market for insurance brokers driven mainly by private equity sponsored brokerages. Sica | Fletcher is pleased to announce that we’ve topped the S&P Global rankings for the third consecutive year.
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Royal London Asset Management: ‘At the end of the day, they’re just really good traders’
The TRADE
JULY 17, 2024
Royal London Asset Management’s (RLAM) trading team is no stranger to change. The London-based asset manager has undergone not one but three makeovers in recent years as it continues to evolve with the demands of the street. More recently though, RLAM’s trading team has undergone another revamp.
Lawrence named head of European equities trading at UBS AM
The TRADE
DECEMBER 18, 2024
Stuart Lawrence has been appointed head of European equities trading at UBS Asset Management four and a half years after he joined the firm in June 2019. He was most recently head of UK equity trading at UBS Asset Management, having previously served as a high touch equity sales trader at Kepler Cheuvreux.
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BESTINVER sales trader joins MIT SIM
The TRADE
JULY 5, 2024
Milan-based O’Connor joins following almost 15 years at ACCIONA Group’s Spanish asset manager, BESTINVER. He most recently served as e quity sales trader, leveraging key knowledge of the Italian, Swiss, US and UK markets. He also previously worked for Gestnord, the brokerage arm of Banca Sella.
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People Moves Monday: SSGA, Clear Street, BTIG and more…
The TRADE
JULY 15, 2024
He also previously served as managing director at both American Express Bank International and Deutsche Bank, Argentina. Edmond de Rothschild Asset Management appointed Regine Wiedmann as head of distribution for the DACH region. Before that, she co-founded Vicenda Asset Management in Zug, Switzerland.
Austria’s Kathrein Privatbank: Continuing to Apply the Personal Approach in its 99th Year
Global Banking & Finance
JUNE 29, 2023
Austria’s Kathrein Privatbank: Continuing to Apply the Personal Approach in its 99th Year Founded by Carl Kathrein in 1924, Kathrein Privatbank is one of the leading private banks in Austria, offering customised investment advice, asset management, financing and consulting to families, entrepreneurs and foundations.
The TRADE announces the Rising Stars of Trading and Execution 2023
The TRADE
NOVEMBER 9, 2023
Running for its ninth year, the Rising Stars initiative, in partnership with Instinet, has recognised a number of up-and-coming talents over the years, many of whom have gone on to hold impressive roles and head up some of the largest and most successful desks across the world’s leading asset managers and hedge funds.
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Federated Hermes taps MarketAxess for new junior credit trader
The TRADE
JANUARY 22, 2024
Imogen Hepsworth has been appointed to the desk at the London-headquartered asset manager after spending the last four and a half years at MarketAxess in a facilitation trading role. He joined the asset manager after most recently serving as a vice president in equity trading at Cantor Fitzgerald in London and New York.
Legal & General Investment Management names new head of US equity and FX trading
The TRADE
MARCH 4, 2024
Corrigan joined LGIM in 2016 as a trader in equity and FX trading, receiving a promotion to senior trader in 2019. Previously in his career he spent a year and a half at Fideuram Asset Management Ireland as a trader in equity and derivatives and spent nearly three years at ING Eurasia ZAO in money markets roles.
People Moves Monday: Federated Hermes, UBS, OneChronos and more…
The TRADE
JANUARY 29, 2024
Hepsworth was appointed to the desk at the London-headquartered asset manager after spending the last four and a half years at MarketAxess in a facilitation trading role. She originally joined MarketAxess in 2019 as an operations analyst, moving into an analyst role in the fixed income venue’s Open Trading business a year later.
People Moves Monday: Redburn Atlantic, LGIM, DWS and more…
The TRADE
MARCH 4, 2024
Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon Asset Management. Corrigan joined LGIM in 2016 as a trader in equity and FX trading, receiving a promotion to senior trader in 2019. Tony Atkins was appointed UK head of sales trading.
Groupama AM fixed income traders join Amundi
The TRADE
SEPTEMBER 13, 2024
The move follows Groupama Asset Management and Amundi Intermediation’s strategic partnership, announced in May , which saw the firms merge their trading capacities to enhance trading efficiencies. Both moved to Amundi on 1 September, The TRADE understands.
Trader of the Year: Millennium’s Charlotte Nutting
The TRADE
JANUARY 17, 2024
In 2019, Nutting was nominated by her industry peers as one of The TRADE’s Rising Stars of Trading and Execution, and just four years later, she was shortlisted for The TRADE’s coveted Buy-side Trader of the Year Award. In 2016, I joined a small European long/short firm as a fund manager’s assistant and trader.
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People Moves Monday: BNP Paribas, Kepler Cheuvreux, Janus Henderson and more…
The TRADE
SEPTEMBER 30, 2024
Holmes joined Kepler in 2019 having previously served in equity sales trading roles at Sanford C. Alesi joined the asset manager from GSA Capital, where she spent the last two years. Luke Holmes, head of equity sales trading, US clients at Kepler Cheuvreux left the firm after five years, as revealed by The TRADE.
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Eurex to launch derivatives on Socially Responsible Investing indices
The TRADE
JANUARY 18, 2024
Our offering will certainly appeal to new user groups that have stricter ESG mandates and need to invest responsibly, such as asset managers who invest on behalf of endowment funds or foundations.” Average daily trading volume last year was more than 12,000 contracts, with annual trading volume roughly 5% above 2022.
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People Moves Monday: Amundi, Panmure Liberum and UBS
The TRADE
SEPTEMBER 16, 2024
Elsewhere in her career, Sueng – one of The TRADE’s Rising Stars in 2019 – worked in fixed income sales at both Tullet Prebon and Newedge as well as previously serving in fixed income performance analyst roles at Amundi and Societe Generale Asset Management.
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Around two-thirds of buy-siders believe outsourced desks could enhance trade performance in cross-border trading
The TRADE
NOVEMBER 3, 2023
More than 200 asset managers, hedge funds and other users of outsourced trading providers voiced their opinions in this first-of-its-kind piece of research. These most recent findings therefore demonstrate a huge leap in terms of market opinion.
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The TRADE predictions series 2024: Market volatility
The TRADE
DECEMBER 22, 2023
Lastly, as active management becomes more relevant again, so too the impact a buy-side trader can have on the investment process; gone are the days of execution only dealers. In Q3-Q4 of 2023, there was an emphasis on the cost of collateral and the strategies firms use to efficiently utilise their asset portfolios for collateral purposes.
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People Moves Monday: Matrix Executions, Broadridge and CLSA
The TRADE
DECEMBER 4, 2023
He re-joined the agency only broker-dealer after also previously serving as a director for almost three years from 2019 to 2022. Previously in his career, McMahon worked as a centralised dealer at Bank of Ireland Asset Management, working on the multi-asset global trading desk.
People Moves Monday: Vanguard, Citadel, Morgan Stanley and more…
The TRADE
AUGUST 12, 2024
He was previously head of international trading analytics and strategy at Vanguard, having joined in 2019. Whelan previously served as an equity trader at Pictet Asset Management. Miller replaces Byron Griffin in the role following his departure in May for ODDO BHF as head of execution sales and microstructure.
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Chesapeake, Southwestern Merger Signals Step for LNG
The Deal
FEBRUARY 6, 2024
“Chesapeake’s previous deals were aimed at growing the company simply for the sake of growth,” said Mark Viviano, managing partner of Kimmeridge Energy Engagement Partners, the public investment unit of private alternative asset manager Kimmeridge Energy Management Co.
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Leaders in Trading 2023: Industry Person of the Year shortlist revealed
The TRADE
NOVEMBER 6, 2023
She joined Instinet Europe in 2019 as managing director and head of execution sales, her current role where she is responsible for the growth of new and existing client revenue. Beginning his career at Dexia Securities as a financial analyst assistant in 2002 he has since gone on to serve at CPR Asset Management, Amundi and Unigestion.
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A closer look at restricted currency execution and custody
The TRADE
MARCH 26, 2024
When you look at some of the larger currency control moves such as Malaysia in 2016 or Argentina in 2019, they have certainly placed more eyes on internal processes and external offerings.
How DLT could help with green bonds
Accenture Capital Markets
JANUARY 22, 2024
Investor appetite for such investments is rapidly increasing, as banks, asset managers and large corporates all seek ways to invest in sustainability. However, every green bond faces the fundamental challenge described above: proving it’s actually green. But they’ll only invest if they have proof about where the money is going.
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People Moves Monday: Shifts in the trading space
The TRADE
JUNE 5, 2023
Jenkins has been head of trading at Polar Capital for three and a half years, joining in 2019 after serving with Highbridge Capital Management for five years as its head of European trading. Cheung previously served as a strategic account manager at Enfusion, focused on APAC-based hedge funds, family offices and asset management firms.
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Goldman Sachs’ Eleanor Beasley takes home the Industry Person of the Year Award 2023
The TRADE
NOVEMBER 9, 2023
Beasley joined Goldman Sachs to manage its new-look market structure team in 2019. In her acceptance speech, she highlighted several causes important to her including the need for greater diversity in the industry, in particular gender diversity when it comes to senior roles.
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Leaders in Trading 2023: Rising Stars of Trading and Execution nominations now open
The TRADE
AUGUST 15, 2023
Our Rising Stars have long demonstrated their success, with many winners in previous years going on to head up desks and take senior positions at some of the world’s foremost asset managers, hedge funds, and institutions. Find previous years’ recognised individuals here: 2022 – 2021 – 2020 – 2019 – 2018 – 2017 – 2016.
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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist
Mergers and Inquisitions
SEPTEMBER 13, 2023
You might wonder if these differences result in better performance for distressed funds, and the best answer is “Kind of.”
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European lit primary activity drops to record low in May and June, Liquidnet report finds
The TRADE
JULY 21, 2023
Speaking in April, Charles-Henri Berbain, managing director at TP ICAP Midcap, said: “The lack of research limits investment in SMEs but for many asset managers it is first of all the lack of secondary market liquidity that is the real problem. In June it reached 25%, the highest since early 2019. “In
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Single-Manager Hedge Funds: The Best Way to Get a Recurring Guest Spot on CNBC?
Mergers and Inquisitions
JANUARY 31, 2024
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.
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Safeguarding Your Investment Firm: 10 Best Practices to Prevent Fraud
Razorpay
SEPTEMBER 16, 2024
The industry’s growth has been remarkable—while it took five decades to accumulate assets under management (AUM) of Rs 10 lakh crore by 2013, the following six years saw this figure more than double, reaching Rs 23 lakh crore by 2019. Fast forward to August 2024, and the AUM has now surged to an impressive Rs 66.70
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Trading at the frontier
The TRADE
OCTOBER 9, 2024
She joined Ninety One in 2021 from Royal London Asset Management where she had been head of dealing for three years. He moved to the buy-side in 2019 for a change of pace, looking to be more holistic in his approach to execution. “The Gibson is a seasoned trader with an extensive career in markets.
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How the Digital Transformation Drives M&A Activity in Manufacturing
Software Equity Group
APRIL 24, 2024
2019 saw 49 SaaS acquisitions in the manufacturing/industrial space, compared to 67 in 2023. Historically, strategic buyers have dominated the space, conducting the majority of transactions each year from 2019 to 2021. These transformative technologies run across various software domains, including ERP , EAM, MES, QMS, and SCM.
Keeping an aircraft carrier nimble in times of turbulence
The TRADE
OCTOBER 31, 2024
Finding fixed income After spending three months as a trading assistant intern at PPM America, Raymond landed his first permanent buy-side position, joining UBS Asset Management as an operations assistant in 2003. Helming the US business of one of the largest asset managers in the world through such a course is no mean feat.
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NDFs trading: If you build platforms, the algos will follow
The TRADE
FEBRUARY 15, 2024
Recent trends highlight an increasing demand from asset managers, fast money, and quant funds, expediting the transition toward electronification in NDF markets,” says Patil. “As Many of the recent new launches have subsequently been centred in the region.
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How do Banks Make Money? Explanation, Examples
Peak Frameworks
OCTOBER 30, 2023
These charges were in the spotlight in 2019 when U.S. 2019 was a notable year for trading, especially for banks like J.P. Asset Management and Private Banking While most of us are familiar with regular banking services, there's a high-end segment dedicated to the uber-rich and institutional investors.
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Elliott Picks Apart SEC Case on Disclosures
The Deal
AUGUST 9, 2023
Sandell Asset Management and Marcato Capital, two members of the SharkWatch 50, were closed in 2019, The Deal previously reported. The SEC didn’t respond to a request for comment. Zabel also suggested that the 13D disclosure proposal conflicts with SEC rules for hostile bidders.
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Elliott Picks Apart SEC Case on Disclosures
The Deal
JULY 24, 2023
The list, for instance, lists zero assets for Elliott, and two other prominent activists, TCI Fund Management Ltd. Sandell Asset Management and Marcato Capital, two members of the SharkWatch 50, were closed in 2019, The Deal previously reported. The SEC didn’t respond to a request for comment.
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Outsourced trading: Easy to do, difficult to get right
The TRADE
AUGUST 7, 2024
Hantman tells The TRADE: “Between 2017-2019, especially in the UK and Europe, there was a lot of pressure for traders to justify their worth, especially considering things like Mifid II unbundling. One respondent specifically commented that “outsourced providers act as an extension to the trading desk and understand our trading goals”.
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Making and Keeping Commitments to Employees After a Merger
M&A Leadership Council
OCTOBER 22, 2023
Functions that may be outsourced include employee records and pay (HRIS and payroll systems), sales and service (CX software), customer billing (ERP and finance systems), and procurement (supply chain and asset management systems). United States of America: McGraw Hill, 2019. What is the financial impact of downsizing?
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Lessons to be learned from the US to boost European ETF growth
The TRADE
JULY 30, 2024
It’s going to disrupt the traditional mutual fund market and I truly believe it’s going to position ETFs as the wrapper of choice for managers,” says Chris Gooch, head of ETF/index sales and business development, EMEA at Citi.
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