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Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for assetmanagers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5
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.
Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and assetmanagers demonstrating interoperability of independent distributed ledger applications (dApps) in the capital markets domain. It’s having that interoperability while preserving the privacy and control.”
Royal London AssetManagement 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. The post Royal London AssetManagement restructures global equity team appeared first on The TRADE.
Singapore-headquartered fundmanager APS AssetManagement has adopted order and investment management technology solution, Bloomberg AIM, to automate its post-trade workflows. We are proud that our partnership with APS AssetManagement will help them scale and automate workflows.”
Before joining MEAG, Malakis held senior sales positions with international assetmanagers, including Generali Insurance, Vanguard International and Schroders. Northern Trust AssetManagement appointed Naoto Komoro to lead its assetmanagement business in Japan.
More than a third of FX trades from European assetmanagers would have to settle outside CLS following the US shift to T+1 and therefore carry increased risk, a leading association has found through new research. T+1 implementation today does not represent an absolute reduction of risk in the system.
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.
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.
Ryan O’Connor left Goldman Sachs AssetManagement 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 AssetManagement back in 2017 to build out the US fund strategist model portfolio business.
Ryan O’Connor has left Goldman Sachs AssetManagement 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 AssetManagement back in 2017 to build out the US fund strategist model portfolio business.
I spent a lot of time in my sell-side days working as a conduit between capital markets and the origination desk within investment banking as a bridge into the public side, covering hedge funds and multi strategy investment managers for anything equity-linked and credit with a cross-asset mindset. It’s been busy.
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. BTIG appointed Sean Shanker as a managing director within the electronic trading team, based in New York.
The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two assetmanagement deals have been announced in the past 24 hours. The move comes as Franklin seeks to increase its assets under management and expand on its presence in other sectors.
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.
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 assets offer non-correlated returns, similar to global macro.” Distressed investing offers equity-like returns with lower risk.”
The costs are higher than anticipated too due to the service providers charging for lending and overdraft facilities for funding support.” Two tests have been passed thus far, but what would a spate of market volatility mean for participants?
Valuing an assetmanagement company (AMC) is a multifaceted endeavor that requires a nuanced approach. Assetmanagement companies are integral players in the financial services sector, managing investments on behalf of clients, which can include individuals, institutions, and corporations.
The global head of capital markets at German assetmanager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal. Keshava Shastry Shastry, a managing director based in London, had been with the German firm for over ten years.
Sarasin & Partners has appointed a former Odey AssetManagement trader to join its ranks as a multi-asset dealer, The TRADE can reveal. Neil Palan joins Sarasin & Partners as a multi-asset dealer after over 16 years with Odey AssetManagement.
BNP Paribas has entered into a definitive agreement to acquire 100% of AXA Investment Managers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.
The new service will offer insights to hedge funds, assetmanagers and other buy-side based off real-time liquidity mapping. This innovative solution not only optimises trading strategies, but also reduces costs, making it an invaluable asset for the buy-side.
UK assetmanager Liontrust conditionally agreed to acquire its Swiss competitor GAM Holding for £96 million back in May, following murmurs of the deal in April. The investor group has confirmed to the current board “their intention to secure sufficient financial resources to fund GAM’s operations as a going concern”.
As ESMA’s review of European Union’s post-trade transparency regime enters its final stage, European trade associations have stressed the importance of credit ratings in underpinning the success of the EU post-trade transparency framework for corporate bonds.
Investors in the world’s biggest assetmanager are asking how much more room it has to grow and who will drive that growth once its chief executive retires.
Dan Childs departed from his role as managing director, head of European prime services sales, EMEA to join Balyasny AssetManagement, taking on the role of head, cash and liquidity management at the hedge fund. In his new role at Nasdaq, he is set to be responsible for European and London-based clients.
The post Assetmanagement association pushes for Europe to switch to T+1 in 2026 appeared first on The TRADE. The Investment Association (IA) has concluded that the UK, EU and Switzerland should transition to T+1 settlement on a date in Autumn 2026 after gathering views from its members.
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 assetmanagement firms in Europe. Earlier this year, UK assetmanager Liontrust also entered into a conditional agreement to acquire Swiss assetmanagement company, GAM Holding for £96 million.
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 assetmanagers and hedge funds. Find previous years’ recognised shortlists here: 2022 – 2021 – 2020 – 2019 – 2018 – 2017 – 2016 – 2015.
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.
More than £150m of funding was provided by Yorkshire, Manchester and Merseyside pension funds, while further support was secured from institutional investors including British Patient Capital (part of the British Business Bank) and Lansdowne Partners.
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 assetmanagement firm, The TRADE can reveal. Union is bolstering its digital assets division, The TRADE understands.
As assetmanagers continue to look for ways to fully capitalise on data, a new SIX report has found that almost half view data velocity as the key challenge in enabling analytics to drive growth. These individuals work across financial institutions, assetmanagers, wealth managers, investment banks, and asset servicers.
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.
Royal London AssetManagement’s (RLAM) trading team is no stranger to change. The London-based assetmanager has undergone not one but three makeovers in recent years as it continues to evolve with the demands of the street. Automation has been very important in credit more widely given we are an active manager.
BlackRock has filed an application for a bitcoin exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC), which would allow investors to get exposure to the cryptocurrency. The trust tracks the performance of bitcoin, offering direct exposure to the price of the digital currency, according to the assetmanager.
Assetmanagers 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. Sell-side firms are usually organised via region and buy-side firms more by business unit.
The clearing house added that it believes this enables participants to reduce their risk-weighted asset exposures associated with SFTs and supports the growth of this key market. Eurex Clearing announced it was shutting down its Securities Lending CCP service in 2021 following low clearing volumes and a prioritisation of other businesses.
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