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BlackRock and Jio Financial Services new asset management venture set to “democratise access to investment solutions” in India

The TRADE

According to the businesses, the aim is to “revolutionise India’s asset management industry and transform financial futures” through combining the scale and investment history of BlackRock, with the technology resources and local market knowledge held by JFS.

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Goldman Sachs Asset Management global head of ETF product departs

The TRADE

Ryan O’Connor has 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.

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Asset managers are prioritising operational efficiency via automation above all, Linedata survey reveals

The TRADE

Linedata’s 2023 global asset management survey has found the main focus globally is on future cost saving and automation. Overall, the area where AI has been most deployed across the industry globally is in investment research at 32%, revealed the survey, closely followed by portfolio analytics and risk management at 30%.

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Cyber Crime: What You Need to Know About Cyber Resiliency

Accenture Capital Markets

According to the cyber crime study, an asset management firm could spend more than $17 million per year on charges relating to managing and recovering from incidents. For more on cyber resiliency, read our InsideOps: Cybersecurity for Asset Managers: Shielding Your Firm from Risks.

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Bloomberg buy-side solutions adopted by BayernInvest to support workflows

The TRADE

German asset manager BayernInvest has adopted an integrated suite of Bloomberg solutions to support its front-to-back workflows. Expanding our engagement with Bloomberg as our technology partner has enabled us to streamline our investment management and operations workflows,” said Alexander Mertz, chief executive of BayernInvest. “It

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2024 needs to be the year of high-quality data.

Global Banking & Finance

By Tim FitzGerald, Financial Services Manager, InterSystems Banks and financial institutions need to make 2024 the year of higher-quality data. Our systems and data are not performing as they should” is often a challenge met by frontline teams in investment, asset management risk-management, and, in fact, […]

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Prime brokerage: The intersection of challenge and opportunity

The TRADE

Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. This is a timing problem which causes issues on T+1 if there are any trade discrepancies between the asset manager and the executing broker.

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