The TRADE

SEPTEMBER 21, 2023

Asset managers are focusing on costs and value, and in turn are not prioritising investment research budgets as the prospect of rebundling looms, a new buy-side study by Substantive Research has found. since 2022 – now at 54.6%.

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The TRADE

OCTOBER 5, 2023

DWS has announced an asset management strategic alliance with BOCHK Asset Management (BOCHKAM), in a bid to enhance the Hong Kong offering for investors in the region. BOCHKAM’s knowledge of the market as one of the fastest growing asset managers in the region will be leveraged to best serve local clients.

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The TRADE

AUGUST 2, 2024

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.

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The TRADE

SEPTEMBER 19, 2024

Oaktree Capital Management has agreed to acquire Close Brothers Asset Management (CBAM) – the wealth management arm of Close Brothers – for an equity value of up to £200 million, set to be completed in early 2025 pending customary regulatory approvals.

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The TRADE

AUGUST 11, 2023

This week, the industry’s eyes turned to trading venues as two new M&A announcements were made. Trading venues, in particular, have viewed consolidation as a method to expand their offerings, allowing them to become a one-stop-shop for their clients. This has been something in the making for quite a while.

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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. The deal joins a growing list of buy- and sell-side M&A deals announced this year.

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The TRADE

SEPTEMBER 27, 2024

The TRADE is delighted to announce the shortlists for the Leaders in Trading 2024 Buy-Side Awards, in partnership with SIX Swiss Exchange. The winners of each category will be revealed at The TRADE’s annual Leaders in Trading glittering awards night at The Savoy in London on 7 November. The wait is over.

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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.

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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. However, the business will now move to finalise the proposed financing with GAM shareholders at an extraordinary general meeting held on or around 27 September.

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The TRADE

JULY 13, 2023

The US move to T+1 settlement was passed through in a bid to increase the efficiency of market operations, however an Acuiti report has stated that 53% of asset managers believe that the move will not make US equities more attractive. At the same time, firms are preparing for a new wave of regulatory change.

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The TRADE

NOVEMBER 30, 2023

Over the last few months, the market has seen two of the most prominent fixed income trading venues expand their service offerings through acquisitions of algorithmic trading providers. In August, MarketAxess revealed plans to acquire multi-asset algorithmic trading provider, Pragma, for an undisclosed amount at the end of this year.

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The TRADE

OCTOBER 9, 2024

The London-based trading team at Ninety One has a very particular set of skills. The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. Ninety One’s trading team consists of 17 globally with six – soon to be seven – based in London.

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The TRADE

NOVEMBER 13, 2024

The world of trading, and investment generally, is littered with the remnants of now-redundant solutions once thought to be the ‘future’ of the industry. But what does the persistent evolution of AI mean for capital markets specifically? A reminder perhaps that caution is our best friend when it comes to technological innovation.

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The TRADE

OCTOBER 23, 2023

Tokyo Stock Exchange (TSE) and Broadridge Financial Solutions have launched a new direct connection, between TSE’s ETF trading platform, CONNEQTOR, and Broadridge’s EMS, Xilix. Broadridge’s EMS solution provides a request for quote (RFQ) functionality for institutional investors looking to trade a particular ETF at a particular quantity.

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The TRADE

JULY 29, 2024

David Kirk is set to join Millennium, following almost three and a half years at Marble Bar Asset Management where he most recently served as a trader, The TRADE understands. Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side.

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The TRADE

FEBRUARY 22, 2024

In the ever-evolving landscape of financial markets, the emergence of digital assets has resulted in a paradigm shift as conventional notions have been challenged and new players have emerged along with a reshaping of the way in which financial systems are perceived and interacted with.

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The TRADE

DECEMBER 14, 2023

It also offers asset managers a range of indexing and digital distribution solutions to scale their businesses. This acquisition and inclusion into TMX’s Global Solutions, Insights and Analytics segment follows the launch of a new platform by TMX Group in November , designed to optimise the trading of Canadian equities.

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The TRADE

DECEMBER 21, 2023

For some asset managers and hedge funds, the seemingly impossible notion of all traders not physically sitting together on a centralised desk and communicating face-to-face was all but wiped away overnight as the hybrid working setup was forcibly tested and passed with flying colours. Outsourced trading is no longer a taboo topic.

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The TRADE

JUNE 16, 2023

M&G’s global asset management arm has appointed Manabu Fujita as head of M&A Investments Japan. Fujita joins from Schroders Investment Management Japan, where he spent the last 15 years, most recently serving as head of sales. Fujita will report to Loretta Ng, M&G’s head of Asia Pacific. “We

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The TRADE

NOVEMBER 1, 2024

What are the prominent trends are you seeing in the outsourced trading space? There has been a shift in the size and scale in the types of managers that we’re talking to. We did a survey on about 300 global asset managers and one of the main themes that came out of that was around outsourcing.

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The TRADE

MARCH 22, 2024

Millennium has appointed You Khai Tan as senior trader, based in Singapore, The TRADE can reveal. Most recently, Tan held a global portfolio trading position, which included trading global equities with strategy implementation via algorithms, crossing networks and global portfolio trading desks.

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The TRADE

AUGUST 7, 2023

MarketAxess is set to acquire multi-asset algorithmic trading provider, Pragma, for an undisclosed sum at the end of this year, subject to closing conditions. Pragma offers algorithmic trading and analytical services across equities, foreign exchange and fixed income.

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The TRADE

APRIL 5, 2024

Kepler Cheuvreux subsidiary Ellipsis Asset Management has moved to expand its capabilities in the convertible bond segment with the acquisition of Rothschild & Co’s business. As part of the deal two Rothschild portfolio managers – Cristina Jarrin and Mikael Dauvert – will move to Ellipsis AM.

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The TRADE

OCTOBER 9, 2023

For Sharon Ruffles, head of fixed income trading for EMEA and Asia Pacific at State Street Global Advisors, the beauty of fixed income lies in how much one day can vary from the next. She began her trading career on an all-female trading desk, and says it was watching the world’s news play out in the markets that drew her to trading. “I

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The TRADE

APRIL 17, 2024

Global asset manager Robeco leverages a low touch and high touch trading team that spans across three continents. And, like most asset managers across the street, its global equity trading desk plays host to a variety of characters, each bringing their own individual string to the wider team’s bow.

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The TRADE

NOVEMBER 21, 2023

Speaking to The TRADE Annelotte De Nanassy , senior product manager, financial information at SIX, explained: “SIX Bot was created as a direct result of feedback from our clients. The post SIX unveils new bot providing clients enhanced insight into corporates’ movements appeared first on The TRADE.

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The TRADE

JUNE 19, 2023

BlackRock promoted Dean Catton to take the helm for its European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business. Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital.

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The TRADE

JANUARY 22, 2025

What has your journey to the trading desk been like? 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. I started my career at Bear Stearns in 2001, then migrated to Credit Suisse in 2008.

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The TRADE

OCTOBER 11, 2023

Over the last couple of years, Glimpse Markets’ data sharing network has gained significant traction with the buy-side, with firms including NN Investment Partners, Invesco, Columbia Threadneedle, Carmignac, Quonian, SEB Investment Management and Mirabaud Asset Management joining.

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The TRADE

OCTOBER 25, 2023

Jupiter Asset Management has signed a five-year deal with asset management software provider Room Zero in order to optimise its operations across the business. The move comes as the asset manager seeks to better meet its clients’ needs and streamline operations.

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The TRADE

OCTOBER 2, 2024

FlexTrade and Propellant Digital have collaborated on actionable pre-trade insights for T.Rowe Price’s fixed income trading teams. Firstly, the continued electronification in fixed income and the need to handle increasingly sophisticated data sets have seen desks needing technology to handle their bond trading activities efficiently.

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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. The post Impax AM completes acquisition of Absalon’s fixed income assets appeared first on The TRADE.

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The TRADE

JULY 18, 2023

M&G’s global asset management arm has secured a Securities Investment Consulting Enterprise (SICE) business license in Taiwan, allowing the firm to establish a new office in Taipei as part of its Asia expansion strategy. Lin will be responsible for strengthening M&G’s wholesale and institutional presence in the region.

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The TRADE

SEPTEMBER 3, 2024

Tier-1 global banks, hedge funds, asset managers, exchanges, and sovereign wealth funds have been deploying 3forge’s platform since 2014. Recently, new start-up hedge fund Jain Global – product of former Credit Suisse and Millennium Management veteran Bobby Jain – selected 3forge’s platform to support its trading activities.

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The TRADE

JUNE 7, 2024

Credit Suisse has signed an agreement to sell its majority stake in Credit Suisse Investment Partners (CSIP), owned by Credit Suisse Asset Management. CSIP segment manages funds and associated mandates – including convertible bond funds – with a total of CHF 1 billion in assets under management.

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The TRADE

MAY 24, 2024

The onus is now on these providers to alleviate any workflow issues that may arise for buy-side firms looking to trade around the time of the cut offs – of which there are many. The idea that more trades might be settled bilaterally also increases the counterparty risk that regulators have been looking to avoid across the industry.

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Mergers and Inquisitions

SEPTEMBER 13, 2023

Distressed Debt Hedge Funds Definition: Distressed debt hedge funds buy and sell debt that is trading at a steep discount to face value, such as 40%+, and make money by betting on changes in the price of this debt or using it to gain influence in a restructuring or bankruptcy process.

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