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The financial services industry—including assetmanagers—has had an interesting relationship with Silicon Valley. Assetmanagers should not assume that these tech giants will look past this industry. This is just what Alibaba, an Amazon-like tech firm in China, did when it entered the mutual fund business in that market.
MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assetsmanaged by Mesirow, an independent financial services firm. Nearly $6 billion of assetsmanaged by the acquired team will transfer to MIM, under the terms of the transaction.
Some 83% of assetmanagers plan to change product strategy in the next two years, a new survey from Northern Trust has found, emphasising the need to cater to diverse investor needs. Technology appears to be at the heart of that change, with 77% planning to leverage new tech within the same timeframe.
This is mostly because a large share of the total spend is related to front-office costs that RPA does not address, such as staff compensation, investment management fees and deal costs. To overcome these challenges, the institutional investors who are most successful with RPA typically base their programs on three pillars: 1.
SIFMA and its assetmanagement arm have published an open letter expressing concerns about the SEC’s proposal to redefine what constitutes an exchange and expand Regulation ATS, stating that it is not appropriately tailored to existing systems.
BNY Mellon made two key senior managing director hires into its fixed income and equity sales and trading businesses. Gould joined BNY Mellon after three years at RBC CapitalMarkets where she previously served as co-head of equities electronic sales and trading.
RBC CapitalMarkets appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. He has been appointed senior trader at Norges Bank Investment Management, based in New York.
Race for Europe’s first ‘real-time’ stock trade tape heats up By Huw Jones LONDON (Reuters) – Banks and assetmanagers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capitalmarkets and better compete with Wall Street.
The year ahead will be busy for institutional investors and pension funds as they navigate political turbulence and speculations around when the economic cycle will shift. The industry is rethinking how to manage the generation, storage, transformation, usage and retirement of both structured and unstructured data. Blockchain.
Abu Dhabi Securities Exchange (ADX) has selected the Intercontinental Exchange’s (ICE) Global Network to offer direct market access to global institutional investors. ICE Global Network will be leveraged by ADX to expand its global investor base by facilitating real-time access to market data and order entry.
Investor appetite for such investments is rapidly increasing, as banks, assetmanagers and large corporates all seek ways to invest in sustainability. And it’s not just investors who want this proof. However, every green bond faces the fundamental challenge described above: proving it’s actually green.
Its role and the way it interacts with institutional investors differs region to region. Looking into this sector, which is set to experience highly anticipated, yet arguably unpredictable, growth – note the GameStop saga of 2021 – The TRADE deep dives into some of the key considerations. Retail investing is an ever-evolving space.
Portfolio Management Merchant banking companies provide portfolio management services to high -net-worth individuals and corporate investors. JM Financial: Full-service merchant bank with a focus on emerging markets, providing services such as debt and equity capitalmarkets, M&A advisory, and restructuring.
Daniel Labovitz Specifically, the GIX plan is to list companies that make a “binding commitment” to set, implement, measure, and achieve sustainability goals while being transparent with investors about the state of play as things progress. The true essence lies in the infrastructure that supports these transactions.
Rachel Kent’s review focuses on removing enough of the operational burdens to encourage assetmanagers to take advantage of new rebundling freedoms, but not so much that transparency to asset owners is completely jettisoned.
As many private credit firms reduce their hold sizes, borrowers in need of more financing to pursue add-ons must reach out to new lenders to come into the deal, according to Jess Nels, managing director in the capitalmarkets team at Churchill AssetManagement LLC. billion for West Street Mezzanine Partners VIII.
There are pockets within the digital asset ecosystem where inroads are being made, primarily with respect to tokenisation. Although I think that the greatest potential is probably withthe hedge fund and the assetmanager clients. In crypto, we don’t have that yet and we need to get there.
In the next year, Europe is set to play host to a plethora of new crossing platforms, aimed at equipping institutional investors with another tool to achieve their outcomes. Investors should not have to choose between liquidity and performance,” Roman Ginis, founder and chief executive of Imperative Execution, tells The TRADE. “We
Volatile markets often lead to more trading activity as investors look to buy low and sell high. Investment Banking Activities Investment banks have a dual role; they provide advisory services to corporations and governments and raise capital by issuing and selling securities in the capitalmarkets.
“Additionally, multi-manager hedge funds have continued to win the lion’s share of the new capital coming into the industry as they have been rewarded for their ability to mitigate risk while still delivering positive alpha to their investors. They are now trading in all these other asset classes.
But what does the persistent evolution of AI mean for capitalmarkets specifically? Speaking to The TRADE, Timothee Consigny, chief technology officer at H2O AssetManagement, asserts that there is a definite place for artificial intelligence within capitalmarkets and the time for adoption is now. “[Gen-AI]
Speaking to the key considerations for the European buy-side community, Susan Yavari, regulatory policy advisor – capitalmarkets at European Fund and AssetManagement Association (EFAMA) highlighted that identifying potential pain points is the overarching focus.
Brookfield Infrastructure Partners LP (BIP) and its institutional partners, along with existing investor Ontario Teachers’ Pension Plan, on Tuesday, June 20, announced that they have agreed to acquire Compass Datacenters LLC from RedBird Capital Partners LLC and Azrieli Group Ltd.
Eric Heliene, head of buy-side trading desk, Groupama Asset Management The intensification of financial regulation is a fundamental trend transforming the assetmanagement ecosystem. Another big theme will be the importance of the retail investor, and how European capitalmarkets can grow by better serving this community. Investor
EU assetmanagers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review.
Hayley McDowell, European market structure consultant, RBC CapitalMarkets The buy-side face a dilemma as the UK (and likely the EU) prepare to offer greater flexibility on payments for research. Despite the ongoing uncertainty for participants, 2024 promises to be another eventful year for Pan-European market structure.
New rules have impacted almost every financial firm, ranging from banks to assetmanagers. The importance of these rules can be linked to the reshaping of the regulatory environment and ultimately creating a more robust trading environment and promoting investor confidence.
At the same time, competition is intensifying across the industry—from traditional wealth managers, assetmanagers, insurers, workplace providers, independent advisors, banks and new wealth techs. Europe’s wealth management industry is experiencing yet another wave of disruption.
Power has also worked in derivatives-related positions at various firms, including: Ignis AssetManagement, Axial Investment Management, and RBS. Nicholas Zerante was appointed head of trading at Delta Global Management, based in New York.
Michael Horan was appointed head of trading at SS&C TechnologiesGlobal Investor and Distribution Solutions (GIDS)inEMEA following two decades working with BNY and Pershing.He As part of the role, Wilkes will be responsible for the firms sales efforts across EMEA and APAC, focusing on the assetmanagement and asset servicing communities.
Read more: A deep dive into the ongoing UK capitalmarkets reform agenda Discussing in more detail what this could mean for the structural make-up of the buy-side in this area, Austin confirmed that there is potential for real change.
Central clearing will play a key role in this debate, which will be essential for advancing the region’s capitalmarkets, and we look forward to Emir 3.0 This conversation is especially relevant as cross-border transactions grow in volume and as assetmanagers expand their investment in international markets.
While the regulatory landscape has been challenging incountries like China,South Korea and India, we are seeing tremendous wealth creation in markets such as India and Southeast Asia. Elsewhere in Asia, the capitalmarkets emergence from a decade-long low interest rate environment has been slower.
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