The TRADE

OCTOBER 2, 2023

James Hilton was appointed multi-asset managing director in RBC’s low touch team, joining from Credit Suisse, where he had been serving as head of sales for EMEA for the bank’s advanced execution sales (AES) team. Balyasny Asset Management appointed Harrison Chesterton as associate director within its equity finance trading division.

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The TRADE

JUNE 1, 2023

The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two asset management deals have been announced in the past 24 hours. The post Asset manager consolidation wave continues as two deals announced in 24 hours appeared first on The TRADE.

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MergersCorp M&A International

NOVEMBER 1, 2024

Valuing an asset management company (AMC) is a multifaceted endeavor that requires a nuanced approach. Asset management companies are integral players in the financial services sector, managing investments on behalf of clients, which can include individuals, institutions, and corporations.

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The TRADE

AUGUST 24, 2023

Perpetual Group has merged its existing regional asset management businesses to form one global division led by a newly created role of chief executive of asset management. The Group owns asset management bands including Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW.

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The TRADE

JUNE 7, 2024

It’s not the day-to-day so much now, but more those rainy-day scenarios and seeing how the market reacts to that along with your custodian and your counterparts.” There may also be some impacts on corporate actions which soon come to light. “The

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The TRADE

AUGUST 2, 2024

By joining forces with BNP Paribas, AXA IM would become a global asset manager with a wider product offering and a mutual objective to further their leading position in responsible investing.” billion for AXA Investment Managers in trillion-dollar asset management JV appeared first on The TRADE.

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The TRADE

JULY 7, 2023

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.

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The TRADE

JUNE 3, 2024

FactSet has partnered with Wall Street’s first consolidated corporate bond quote system BondCliQ, to make its corporate bond pre-trade data available to FactSet users. At the time, BondCliQ asserted that the capital would in large part be focused on a move into new corporate bond markets, especially in Europe.

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The TRADE

AUGUST 29, 2023

UK asset manager Liontrust conditionally agreed to acquire its Swiss competitor GAM Holding for £96 million back in May, following murmurs of the deal in April. The post Liontrust offer for GAM declared ‘unsuccessful’ as asset manager extends immediate short-term financing appeared first on The TRADE.

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PE Hub

JANUARY 31, 2024

Charlesbank Credit Opportunities Fund III's LPs include public and corporate pensions, endowments, foundations, financial institutions, asset managers and family offices, as well as high-net-worth individuals. The post Charlesbank Capital Partners wraps up third credit fund at $1.5bn appeared first on PE Hub.

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The New York Times: Banking

MAY 18, 2024

Investors in the world’s biggest asset manager are asking how much more room it has to grow and who will drive that growth once its chief executive retires.

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The TRADE

NOVEMBER 25, 2024

Elsewhere, the service looks to bring a range of capital and operational advantages, including savings from cross-margining between cash equities and SFTs, greater settlement efficiencies, elimination of agent lender disclosures, and improved practices around fees management and corporate actions.

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The TRADE

MARCH 28, 2024

By combining FactEntry’s expertise with our own, we are creating a truly compelling global cross-asset data provider for the front, middle, and back office.” The report found that buy-side asset managers expected fixed income market data spend to go up by 13% in the next year, followed by 10% for equities and 10% for ETFs.

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The TRADE

DECEMBER 29, 2023

Previously in his career, he served as president and chief executive of TD Ameritrade Holding Corporation for eight years and as vice chairman of TD Bank Financial Group. Among the asset management bands that were merged were Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW.

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The TRADE

JUNE 6, 2023

Broadridge Financial Solutions subsidiary LTX has launched BondGPT, an application powered by OpenAI GPT-4 which answers bond-related questions and helps users identify corporate bonds on the LTX platform. Earlier this year, LTX successfully completed the migration of its corporate bond e-trading platform to Amazon Web Services (AWS).

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The TRADE

JULY 15, 2024

Impax Asset Management Group has completed its acquisition of Absalon Corporate Credit’s fixed income assets. Specifically, the transaction will see Impax AM add Absalon’s global high yield and emerging market corporate debt strategies to its fixed income range.

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The Guardian: Mergers & Acquisitions

MAY 14, 2023

A consortium comprised of Macquarie Asset Management and British Columbia Investment Management Corporation completed the acquisition of 60% of the equity in National Grid’s gas transmission and meter business in January, in a deal which valued the business at £7.5bn.

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The TRADE

NOVEMBER 28, 2023

Both the FX trading offering, and TCA offering provide data-driven insights for both asset managers and corporate treasurers. Virtu Analytics offers a full solution for both institutional investors and corporate treasurers looking to improve their FX execution.

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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.

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The New York Times: Banking

FEBRUARY 20, 2024

Political and legal risks are mounting for banks and asset managers.

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The TRADE

SEPTEMBER 4, 2023

Union Investment’s Christoph Hock is set to step away from his role as head of multi-asset trading later this year to pursue an opportunity in digital assets and tokenisation within the asset management firm, as revealed by The TRADE. His new role is not yet public but will be communicated in due course.

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The TRADE

OCTOBER 21, 2024

Eric Heleine, head of the buy-side trading desk at Groupama Asset Management, is set to step away from the firm before the end of the year, as revealed by The TRADE. She also joins from JP Morgan where she had been serving as head of local corporate sales and private side sales.

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The TRADE

AUGUST 28, 2023

Pictet Asset Management appointed Jade Beckmann as an equity trader. Beckmann joined Pictet Asset Management from Bloomberg, where she most recently served as a professional services sales account manager. Prior to that, she held the role of financial products equity specialist at the firm.

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The TRADE

JUNE 3, 2024

He began his career at Fidelity Institutional Asset Management in 1998, managing institutional client relationships. Following this, he moved to Cazenove Fund Management as a government and corporate bonds trader and then to Henderson Global Investors as a senior dealer of fixed income.

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The TRADE

OCTOBER 26, 2023

UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income asset manager, with its traders now working directly alongside RBC BlueBay Asset Management’s equities desk.

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The TRADE

OCTOBER 2, 2023

Groupama Asset Management is set to expand its use of Virtu’s Triton Valor EMS to another asset class, now encompassing fixed income trading. It’s the key to success if we want to enhance the FICC market structure which has largely stayed the same for the last 50 years,” said Heleine.

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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. UBS has chosen Aleksandar Ivanovic to succeed Suni Harford as president of asset management upon her departure, with the appointment effective from 1 March.

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The TRADE

APRIL 29, 2024

He also previously spent almost five years as a managing director at Knight Capital Group and 13 years as chief executive of EdgeTrade. BNP Paribas Asset Management appointed Alexandre Aubry as fixed income trader, based in Paris. Aubry previously served as a credit trader at Mizuho and MUFG Securities.

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OfficeHours

MAY 24, 2023

Building a Strong Understanding of Financial Concepts In order to pass the interview process, it is important to develop a solid understanding of financial concepts, including financial analysis, valuation techniques, financial modeling, and corporate finance. Are you preparing for the buyside?

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Global Banking & Finance

NOVEMBER 20, 2024

David Bartenwerfer is a prominent figure in the field of real estate investment and asset management as well as the application of analytical rigor to corporate strategy and operations. As the Co-Founder and Chief Technology Officer of REALbasis Inc.,

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Global Newswire by Notified: M&A

SEPTEMBER 30, 2024

NASDAQ: KAVL), a Delaware corporation (“Kaival” or the “Company”) and the exclusive U.S. NASDAQ: KAVL), a Delaware corporation (“Kaival” or the “Company”) and the exclusive U.S. GRANT-VALKARIA, Fla., 30, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc.

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Mergers and Inquisitions

JULY 19, 2023

And if you are interested in this strategy, should you even target hedge funds, or would a long-only asset management firm be better? And if you are interested in long-only investing, should you target asset management firms instead? This second trade would be much less likely at a long-only asset management firm.

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The TRADE

JUNE 19, 2023

As part of the new system-wide exploratory scenario (SWES) exercise, participants including major banks, hedge funds, asset managers and pension funds will be asked to evaluate the impact of “severe but plausible” stress including what actions they might individually take in that scenario, with a focus on the UK markets.

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The TRADE

NOVEMBER 2, 2023

Shifting strategies One way in which behaviours have changed is in terms of the length of tenors being used to hedge, with Huttman confirming that their clients – asset managers and corporates – have begun to use shorter dated hedging instruments in a bid to manage cash flow better and retain an element of nimbleness in the case of market movement.

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Global Newswire by Notified: M&A

JULY 30, 2024

Following completion of the transaction, BCI will remain a significant and strategic limited partner in certain key Hayfin fund strategies.

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The TRADE

DECEMBER 27, 2023

High interest rates, trading volume volatility and the overall uncertainty that impacted markets in 2023 and led to widespread corporate cost-cutting are likely to continue into 2024. Every asset manager is looking to rationalise its technology footprint and spend.

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Global Newswire by Notified: M&A

MAY 14, 2024

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Virtus Capital Corporation, the asset manager of Virtus Diversified REIT is proud to announce its latest strategic move in expanding its portfolio with the acquisition of a free-standing Walmart tenanted property located in Flin Flon, Manitoba.

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