Remove Asset Management Remove Broker Remove Bulge Bracket
article thumbnail

Asset managers not prioritising research budgets as prospect of rebundling looms, study finds

The TRADE

Asset managers are focusing on costs and value, and in turn are not prioritising investment research budgets as the prospect of rebundling looms, a new buy-side study by Substantive Research has found. The post Asset managers not prioritising research budgets as prospect of rebundling looms, study finds appeared first on The TRADE.

article thumbnail

Challenges for the buy-side and research providers become a reality as SEC allows ‘no-action’ research letter to lapse

The TRADE

Following the implementation of Mifid II in 2018, Europe unbundled trading and research, resulting in all asset managers having to pay for research in cash only. A solution that some bulge bracket firms have opted for. Solutions will depend on who you are, where your offices are and where your clients are located. “If

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trading at the frontier

The TRADE

She joined Ninety One in 2021 from Royal London Asset Management where she had been head of dealing for three years. Given the liquidity landscape can often be more sparse or difficult to navigate, the use of local brokers alongside the bulge brackets is something Willis thinks is essential to minimise market footprint.

Trading 59
article thumbnail

Fireside Friday with… Stifel’s Raymond Powell

The TRADE

We have seen a stabilisation of money flows in recent months, global funds are returning to the UK, while we continue to see outflows (mostly to US) of domestic asset managers. It’s pushing high touch and marginalised brokers into a smaller section of the market. The path of travel is very clear.

article thumbnail

The prime brokerage pie is growing, which means bigger slices for everyone

The TRADE

Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% in April 2023, to 92% in 2024.

Funds 69