Fund finance market—adapting to change
JD Supra: Mergers
JUNE 23, 2023
Following a period of rapid growth, the fund finance market has reached an inflection point.
Asset Management Equities Funds 
Royal London Asset Management restructures global equity team
The TRADE
APRIL 29, 2024
Royal London Asset Management has restructured its global equity team with immediate effect, following the departure of its head of equities and some members of the wider global equities team. Piers Hillier, chief investment officer, will take on responsibility for Royal London AM’s global equity capabilities.
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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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Allianz Global Investors taps UBS Asset Management for new head of equity Europe core and value
The TRADE
AUGUST 29, 2023
Allianz Global Investors (AllianzGI) has appointed Kayvan Vahid as head of equity Europe core and value. Vahid joins AllianzGI from UBS Asset Management where he served in a variety of roles over the last 20 years. Based in London, Vahid will report to Jörg De Vries-Hippen, head of investments equity Europe.
People Moves Monday: UBS, MEAG, Northern Trust Asset Management and more…
The TRADE
JUNE 24, 2024
Before joining MEAG, Malakis held senior sales positions with international asset managers, including Generali Insurance, Vanguard International and Schroders. Northern Trust Asset Management appointed Naoto Komoro to lead its asset management business in Japan.
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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People Moves Monday: UBS, Titan Asset Management, IEX Group and more…
The TRADE
JUNE 10, 2024
Hosie originally joined Credit Suisse in 2017 as its head of equities Asia Pacific, later assuming responsibility of the asset class for both Asia Pacific and EMEA and eventually taking up the role in a global capacity in 2023. He took up the role on an interim basis in March. He began his trading career at UBS in Hong Kong.
Trader of the Year Hedge Fund: Conversant Capital’s David Alfred
The TRADE
JANUARY 22, 2025
I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. It seems like a lot of issuers are trying to finance or fund next year’s capital needs and are getting ahead of it opportunistically.
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People Moves Monday: Goldman Sachs Asset Management, Liquidnet, Trumid and more…
The TRADE
FEBRUARY 26, 2024
Ryan O’Connor left Goldman Sachs Asset Management and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs Asset Management back in 2017 to build out the US fund strategist model portfolio business.
Distressed Debt Hedge Funds: How to Become a Vulture Capitalist
Mergers and Inquisitions
SEPTEMBER 13, 2023
Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed investing offers equity-like returns with lower risk.” Distressed assets offer non-correlated returns, similar to global macro.”
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Asset manager consolidation wave continues as two deals announced in 24 hours
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. In the same week, Redburn merged with Atlantic Equities – creating a London-headquartered transatlantic broker.
Beyond the Data: Hedge funds loving their algos more than ever before
The TRADE
JUNE 26, 2024
The past year has seen vast improvement across the algorithmic trading space when it came to hedge funds’ strategies, new data from The TRADE has found. High scores for ease of use prove the clear satisfaction among hedge funds utilising algo strategies, cementing the notion that desired developments within the technology are being met.
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Commodity Hedge Funds: The Most Lucrative “Hidden Gem” in Finance?
Mergers and Inquisitions
MARCH 8, 2023
If you want to work in the most cyclical role in the finance industry, it’s hard to beat commodity hedge funds. Many of the largest hedge funds put commodity trading within their global macro strategies , but plenty of smaller funds, banks, and desks make it a separate category or focus on commodities within their macro strategies.
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Leaders in Trading 2023: Voting now open for this year’s Buy-Side Awards
The TRADE
SEPTEMBER 29, 2023
This year’s categories have been updated slightly, and for the first time the Buy-Side Awards will celebrate a Hedge Fund Trading Desk of the Year alongside the Long Only category. The TRADE is delighted to reveal the shortlisted nominees for this year’s coveted Buy-Side Awards, in partnership with SIX Swiss Exchange.
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Multi-Manager Hedge Funds: A Meritocratic Paradise or a Revolving Door of Burnout?
Mergers and Inquisitions
DECEMBER 6, 2023
Almost all conversations about buy-side roles eventually turn to multi-manager hedge funds , also known as “pod shops.” There are only a few dozen large funds in this category worldwide, but they’ve greatly impacted the markets and finance careers. These funds are usually multi-strategy as well.
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Janus Henderson Investors appoints new junior equity trader
The TRADE
SEPTEMBER 25, 2024
Janus Henderson Investors has appointed Francesca Alesi as a junior equity trader, based in London. Alesi joins the asset manager from GSA Capital, where she spent the last two years. Mair joined hedge fund and systematic trading platform Schonfeld as an equity trader dealing with long and short strategies.
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People Moves Monday: Balyasny Asset Management, Nasdaq, Instinet and more…
The TRADE
NOVEMBER 13, 2023
He joined Nasdaq European Markets in its European equities sales team based in London after nearly six years at Citadel Securities. Dan Childs departed from his role as managing director, head of European prime services sales, EMEA to join Balyasny Asset Management, taking on the role of head, cash and liquidity management at the hedge fund.
Candriam trader to join Nordea in equities role
The TRADE
OCTOBER 7, 2024
Edgar Castel is set to join Nordea as an equity trader following almost five years at Candriam, The TRADE can reveal. Castel most recently served as a trader focused on equities (cash and swap), foreign exchange, and listed derivatives. The post Candriam trader to join Nordea in equities role appeared first on The TRADE.
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Broadridge launches buy-side AI-powered algo service
The TRADE
DECEMBER 9, 2024
The new service will offer insights to hedge funds, asset managers and other buy-side based off real-time liquidity mapping. The service is now available to NYFIX routing customers in the US equities market, with future plans to extend access to clients on other order routing networks.
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Asset managers proceed with caution despite overwhelmingly successful T+1 transition
The TRADE
JUNE 7, 2024
The industry has been quick to hail the transition to T+1 settlement for US equities a success, voicing a sentiment that can certainly be considered accurate for the ‘flip the switch’ moment in the opening days of the cycle shortening.
Evaluating Asset Management Companies: Key Metrics and Methodologies
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.
Buy-side market data costs on the rise as asset managers tap fixed income, equities, and ETFs for the greatest spend
The TRADE
AUGUST 23, 2023
Asset managers have tapped fixed income, equities and exchange traded funds (ETFs) for their greatest market data spend over the next 12 months, according to a new Coalition Greenwich and SIX report published on 22 August. This has increased the amount of data needed for participants to execute.
Janus Henderson senior equity trader departs for Schonfeld
The TRADE
JULY 2, 2024
Senior equity trader at Janus Henderson, Stuart Mair, has left the asset manager after 14 years, The TRADE can reveal. According to an update on his social media, Mair has joined hedge fund and systematic trading platform Schonfeld as an equity trader dealing with long and short strategies.
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Generali set to become one of Europe’s biggest asset managers through US-based Conning acquisition
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.
Artemis Investment Management outsources equities and derivatives trading to Northern Trust
The TRADE
OCTOBER 22, 2024
UK-based asset manager Artemis has selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025. Northern Trust will support all trading activity for Artemis’ equity funds under management and all related over-the-counter and exchange-traded derivatives.
Long-Only Hedge Funds: A Cozy Career, or a Complete Contradiction?
Mergers and Inquisitions
JULY 19, 2023
When you hear the term “long-only hedge funds,” your first thought might be: “How can a hedge fund hold only long positions? Doesn’t that contradict the term ‘hedge fund’? Why would investors pay high fees for what is effectively a mutual fund?” These are all good questions.
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Union Investment’s trading head Hock steps away from role to pursue digital asset aspirations
The TRADE
AUGUST 30, 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, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.
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People Moves Monday: Union Investment, LCH Group, Instinet and more…
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. She currently serves as head of RepoClear and collateral management at LCH SA.
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SIX picks up majority stake in fixed income data provider FactEntry
The TRADE
MARCH 28, 2024
With buy-side market data costs on the rise asset managers were shown to be tapping fixed income in particular, along with equities and exchange traded funds for the greatest spend looking forward. The post SIX picks up majority stake in fixed income data provider FactEntry appeared first on The TRADE.
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Tourmaline undergoes hiring surge as part of European expansion
The TRADE
SEPTEMBER 7, 2023
The three incoming professionals are London-based and hold long track records of success and leadership across global equities trading. Bradley was most recently a partner at Mariana Capital and prior to that was head of CSC equity options at GFI Group. He has also previously worked for Goldman Sachs.
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New Age Alpha to Acquire Guggenheim Investments’ Actively Managed Equity Funds Business
Global Newswire by Notified: M&A
JUNE 5, 2024
NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments and New Age Alpha today announced a definitive agreement under which New Age Alpha will acquire Guggenheim Investments' actively managed equity funds business. billion out of Guggenheim Investments’ more than $234 billion in total assets managed.
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Cboe Clear Europe gets regulatory green light to launch securities financing transactions clearing
The TRADE
NOVEMBER 25, 2024
Vikesh Patel With this approval, the pan-European clearing house will introduce a service for European SFT transactions in cash equities and ETFs, which includes central clearing, settlement and post-trade lifecycle management.
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The TRADE launches the Algorithmic Trading Survey for 2024
The TRADE
JANUARY 4, 2024
Institutional investors, asset managers and hedge funds are invited to rate the service, features and capabilities of their algo providers in The TRADE’s 2024 Algorithmic Trading Survey. The 2023 Algorithmic Trading Survey results for long-only and hedge fund clients, along with the full methodology can be viewed here.
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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.
Event-Driven Hedge Funds: The Best Home for Bankers Turned Investors?
Mergers and Inquisitions
MAY 24, 2023
“Event-driven hedge funds” is one of the more confusing labels in finance. But the other problem is that all hedge funds are “event-driven” because they invest based on catalysts , or specific events that could change a security’s price. If this fund is right, the company’s price may increase by 50%.
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People Moves Round Up: Acadian AM, Unifi AM and Stifel
The TRADE
AUGUST 27, 2024
Acadian Asset Management appointed Jian Du vice president, senior trader in its Sydney office. Du joined the asset manager from Goldman Sachs, where he most recently served as executive director of electronic trading, also based in Sydney. Stifel Europe appointed Freddie Dolcezza as a new equity trader, based in London.
Fixed Income Research: The Overlooked Younger Brother of Equity Research?
Mergers and Inquisitions
FEBRUARY 28, 2024
While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. Equity Research vs. Fixed Income Research Common Myths What Do You Do as a Fixed Income Research Analyst or Associate? Also, it can be quantitative or fundamental – or both! –
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Chom Capital: Embodying the Principles of Sustainable Finance
Global Banking & Finance
JULY 29, 2024
Frankfurt-based Chom Capital GmbH is an owner-operated asset management boutique, licenced to conduct financial services in the form of investment brokerage, investment advice, contract broking and financial portfolio management.
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Joint trade associations highlight equity, fixed income and market data concerns ahead of upcoming Mifir review
The TRADE
JUNE 23, 2023
EU asset managers, 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.
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The TRADE announces the Rising Stars of Trading and Execution 2024
The TRADE
OCTOBER 7, 2024
Previously recognised individuals have gone on to head up some of the largest and most successful desks across leading asset managers and hedge funds. The post The TRADE announces the Rising Stars of Trading and Execution 2024 appeared first on The TRADE.
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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
If you think about the most “public” investors – the likes of Bill Ackman and David Einhorn – many of them have something in common: they operate single-manager hedge funds. In other words, they’re the public face and brand of their fund, and all investment decisions flow through them. 10 – 15 positions rather than 100+).
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Sovereign Wealth Funds: The Full Guide to the Industry, Recruiting, Careers, and Exits
Mergers and Inquisitions
APRIL 5, 2023
But one possible exception lies in sovereign wealth funds (SWFs) , which are similar to funds of funds in some ways. I’ll address all these points here and cover the advantages and disadvantages of SWFs, but let’s start with the definitions and overview: What Are Sovereign Wealth Funds?
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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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The TRADE predictions series 2024: Foreign exchange, the regulatory impact
The TRADE
DECEMBER 19, 2023
Martin Hendry, deputy head of trading, Liontrust Asset Management As we peer into the crystal ball for 2024 trading, a notable shift is anticipated with the adoption of T+1 settlement for US equity transactions. This transition is poised to reshape the pace and efficiency of equity trading, promoting quicker settlement cycles.
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