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BNP Paribas to pay €5.1 billion for AXA Investment Managers in trillion-dollar asset management JV

The TRADE

The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets. It is expected to be signed at the end of 2024 and close in mid-2025, pending relevant regulatory approvals. The merger will create a mega-manager and leading player in the European sphere with roughly €1.5

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Research budgets increasing globally for the first time since Mifid II

The TRADE

In the first half of 2024, research budgets have increased both as a proportion of assets under management as well as in absolute terms, Substantive Research has found. As a proportion of assets managed, US budgets rose 15%, with European budgets up a more modestly by 4%.

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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. European asset managers moved staff to the US to manage foreign currency risks during the US 4PM to 6PM time zone rather than late at night in Europe.”

Trading 62
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Deutsche Bank quarterly profits fall despite 11% increase in net revenues

The TRADE

In the second quarter, Deutsche Bank’s asset management business DWS saw more than nine billion euros in net inflows, which were primarily in passive and alternative investment products, according to the business. Our planned share repurchases enable us to deliver on our goals to distribute capital to our shareholders.

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GIX trading platform the first green securities exchange to file with the SEC

The TRADE

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. The true essence lies in the infrastructure that supports these transactions.

Trading 62
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Royal London Asset Management: ‘At the end of the day, they’re just really good traders’

The TRADE

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.

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Early bird catches the worm: A look at the race for first mover advantage in Europe’s emerging crossing network landscape

The TRADE

It is rare, for example, that you’ll find an asset manager worrying about the good of the market or how an order might influence the primary lit market share, over whether or not they have achieved the optimal outcome for their portfolio manager and end investor. The elephant in the room: budget.

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