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Ex-Balyasny Asset Management trader joins Millennium

The TRADE

Umair Khan Marwat has joined Millennium as a trader, following almost two and a half years at Balyasny Asset Management. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny Asset Management in 2021 as a trader.

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People Moves Monday: Millennium, Schroders Wealth Management, Northern Trust Asset Management and more…

The TRADE

Umair Khan Marwat joined Millennium as a trader, following almost two and a half years at Balyasny Asset Management. Hong Kong-based Marwat previously worked at Credit Suisse, focused on AES, algorithmic, and direct market access (DMA) trading, before joining Balyasny Asset Management in 2021 as a trader.

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Asset managers proceed with caution despite overwhelmingly successful T+1 transition

The TRADE

One day of fail rates is not indicative however, especially when that day coincided with a major market event – in this case the MSCI rebalancing on 31 May. The post Asset managers proceed with caution despite overwhelmingly successful T+1 transition appeared first on The TRADE.

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Over a third of asset managers are planning to renegotiate fees with vendors to lower costs

The TRADE

Asset managers are turning to third party vendor relationships as a means of reducing costs, a report from Northern Trust and Coalition Greenwich has found. Around 37% of the 151 asset managers surveyed by Northern Trust confirmed plans to renegotiate fees with vendors to reduce costs and increase efficiencies.

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Event-Driven Hedge Funds: The Best Home for Bankers Turned Investors?

Mergers and Inquisitions

Event-driven hedge funds” is one of the more confusing labels in finance. Part of the issue is that many different strategies fall within the “event-driven” category: merger arbitrage , activist investing , distressed investing, special situations, and more. By contrast, an event-driven fund would never bet on such a situation.

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Asset management association pushes for Europe to switch to T+1 in 2026

The TRADE

The post Asset management association pushes for Europe to switch to T+1 in 2026 appeared first on The TRADE.

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The TRADE announces the Rising Stars of Trading and Execution 2024

The TRADE

Previously recognised individuals have gone on to head up some of the largest and most successful desks across leading asset managers and hedge funds. Rising Stars alumni are also invited to attend the event and meet the newest additions to the prestigious list.

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