Dilemma on Wall Street: Short-Term Gain or Climate Benefit?
The New York Times: Banking
JUNE 20, 2024
Portfolio managers have conflicting incentives as the economic and financial risks from climate change become more apparent but remain imprecise.
Banking Portfolio Portfolio Management 
Daiwa Capital Markets Europe selects former Jefferies MD for new head of equities
The TRADE
JANUARY 5, 2024
Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, has left the bank after nearly a decade to join Daiwa Capital Markets Europe, The TRADE can reveal. He began his career as a junior portfolio manager at RSA covering US equities.
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Jyske Bank acquires PFA Bank
Global Newswire by Notified: M&A
JUNE 13, 2023
Jyske Bank A/S has entered into a binding agreement with PFA Holding A/S on the acquisition of 100% of the shares of PFA Bank A/S. As part of the transaction, Jyske Bank has entered into an agreement with PFA Invest on the administration and portfolio management of client assets.
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People Moves Monday: Robeco, Kepler Cheuvreux and JP Morgan
The TRADE
NOVEMBER 4, 2024
Current head of equity trading and operational portfolio management, Robbert Wijgerse, continues in his role and existing reporting lines remain the same. Berendsen joined Robeco in 2006 as a data and application manager. During his tenure at Bank of America, Mudie most recently served as manging director, sales trading.
Citadel trader joins Ilex Capital
The TRADE
SEPTEMBER 5, 2024
Prior to joining Citadel in 2019, Boland spent five years at BlackRock as an associate and later a trader and just under a year at HBK Capital Management as a trader before that. Previously in his career, he undertook several banking, capital markets, and portfolio management internships across PwC, KPMG UK, BlackRock, and Jefferies.
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How Merchant Banks Help Businesses Grow and Succeed
Razorpay
AUGUST 9, 2023
Regular individuals have retail banks. Huge corporations have investment banks. The answer: Merchant banks. Merchant banks are a very important part of the financial ecosystem, since they support the largest chunk of businesses – the mid-sized ones. What is a Merchant Bank? billion).
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StoneX Group selects former Incline head of trading for fixed income outsourced trading MD role
The TRADE
JANUARY 12, 2024
StoneX Group has appointed former head of trading at Incline Global Management, Evan Halpern, as managing director of fixed income outsourced trading, The TRADE can reveal. Throughout his career, Halpern has held trading and portfolio management roles at a wide selection of firms.
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Neptune adds Lloyds Bank Corporate & Institutional Banking to growing bond dealer community
The TRADE
JULY 19, 2023
Fixed income axe provision platform, Neptune Networks, has added Lloyds Bank Corporate & Institutional Banking to its bond dealer community. Following the addition, Lloyds Bank will distribute axes of GBP and EUR investment grade and high yield corporate credit as well as UK gilt through Neptune.
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People Moves Monday: Schonfeld, Goldman Sachs, ABN AMRO Clearing Bank and more…
The TRADE
JULY 8, 2024
Jessica Lane was named executive director – ETF distribution at Goldman Sachs having previously spent almost six years at Bank of America Merrill Lynch. ABN AMRO Clearing Bank appointed Samantha Page as regulatory manager following almost two years at Euronext. As part of his new appointment, Chin will be based in New York.
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People Moves Monday: Nomura’s Laser Digital, Liquidnet and StoneX Group
The TRADE
JANUARY 15, 2024
Hussain previously served as executive director, eFX algorithmic analyst at Crédit Agricole and prior to that spent three and a half years at Standard Chartered Bank, having served as a quant analyst before being promoted to director and eFX risk trader.
What is Private Banking and How Does It Work?
Razorpay
DECEMBER 15, 2024
What is Private Banking? Private banking is a personalized financial and wealth management service provided by banks to high-net-worth individuals (HNWIs). It involves offering exclusive products, tailored advice, and one-on-one attention to help clients manage, grow, and protect their wealth.
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Analysis-Nvidia investor dilemma: how much is too much in a stock portfolio?
Global Banking & Finance
JULY 15, 2024
By David Randall NEW YORK (Reuters) – Outsized positions in artificial intelligence darling Nvidia have boosted portfolio managers’ returns this year but the bets stand to magnify risk if the chipmaker’s red-hot shares see a reversal of fortune.
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Union Investment’s trading head Hock steps away from role to pursue digital asset aspirations
The TRADE
AUGUST 30, 2023
Within plans to explore crypto-related derivatives, tokenisation and exchange-traded products, Hock added that the asset manager was preparing to trade cryptocurrencies from 2022. Hock originally joined Union in 2014 and has since been instrumental in the development of the firm’s trading strategy and structure.
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People Moves Monday: Union Investment, LCH Group, Instinet and more…
The TRADE
SEPTEMBER 4, 2023
Prior to joining Union, Hock spent three years at Barclays as head of equity execution sales, four years at Tungsten Capital Management as head of portfolio trading and management, and two and a half years at Ferox Capital Management in a similar role.
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Credit Suisse agrees to sell 67% stake in Credit Suisse Investment Partners to BANTLEON
The TRADE
JUNE 7, 2024
Following the closing of the transaction, CSIP will rebrand as BANTLEON Convertible Experts, while still servings its clients as a convertibles manager. The CSIP leadership and portfolio management teams fully support the transaction and will remain unchanged,” the firm said in a statement.
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University of British Columbia (UBC) Investment Banking Placement (Using Data)
Peak Frameworks
JANUARY 15, 2024
If you're interested in breaking into finance, check out our , Private Equity Course and , Investment Banking Course , which help thousands of candidates land top jobs every year. UBC ranks #7 on our Canadian investment banking target school list , earning itself a designation as a Canadian semi-target school. We have created a U.S.
People Moves Monday: State Street Global Advisors, RBC Capital Markets, Fidelity Investments and more…
The TRADE
AUGUST 5, 2024
Prior to GMO, he worked as an operations specialist at Evergreen Investments and has also previously worked in a custody-related accountancy role at Investors Banks & Trust. RBC Capital Markets appointed Mitul Patel director, central bank sales, based in London.
The CFA for Investment Banking: Do the New Changes Make It Worthwhile?
Mergers and Inquisitions
NOVEMBER 15, 2023
I’ve now been writing about finance careers for almost 20 years, and the topic of the CFA for investment banking never seems to die. Specialized Pathways: For the Level III exam, you can focus on portfolio management, private wealth, or private markets. Not much has changed since then.
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How to Land a Private Equity Internship: Tips and Strategies
OfficeHours
JUNE 12, 2023
Through a private equity internship, you will be exposed to high-stakes, complex financial transactions and gain valuable experience in investment analysis, deal structuring, and portfolio management. investment banking, private equity , VC, etc.) You can also check our various course curriculums for different careers (i.e.
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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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People Moves Monday: SSGA, Citi, Clear Street and more…
The TRADE
SEPTEMBER 9, 2024
Previously in his career, he undertook several banking, capital markets, and portfolio management internships across PwC, KPMG UK, BlackRock, and Jefferies. He most recently served as an investment manager at ADQ and before that spent two and a half years as a senior trader and portfolio manager at Azimut.
Mathematics in Finance: Exploring the Power of Combinations
Peak Frameworks
MAY 17, 2023
Consider you have ten potential investment opportunities, and you want to diversify your portfolio by selecting three. Using the combination formula , you can calculate the number of different possible portfolios as follows: 10! / (3!(10 10 - 3)!) = 120 different portfolios. Consider an investor with a portfolio of 15 stocks.
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Nuant Boosts Digital Assets Platform with MSCI Datonomy™ Capabilities: Pioneering a New Chapter in Digital Asset Sector Classification
Global Banking & Finance
OCTOBER 24, 2023
Nuant Boosts Digital Assets Platform with MSCI Datonomy™ Capabilities: Pioneering a New Chapter in Digital Asset Sector Classification Zug, Switzerland, October 24th, 2023, Chainwire Nuant, a leader in Digital Asset Portfolio Management Systems, is pleased to announce its collaboration with MSCI Inc.,
C8 Technologies launches new systemic FX hedge platform
The TRADE
APRIL 17, 2024
The platform has the ability to adapting the shifting market conditions to access opportunities and mitigate risk, offering a hedging solution to protect portfolios against adverse currency movements. Jonathan Webb, former head of FX strategy at Jefferies, manages the C8 Hedge platform.
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People Moves Monday: UBS, MEAG, Northern Trust Asset Management and more…
The TRADE
JUNE 24, 2024
Before joining MEAG in 2021, George worked at the multi-family office Novethos and previously held positions at various banks and private banks. Northern Trust Asset Management appointed Naoto Komoro to lead its asset management business in Japan.
Is the use of axes set to usurp the status quo in fixed income?
The TRADE
JULY 21, 2023
Over the years, buy-side use of axes has evolved significantly, with portfolio managers increasingly using them as well. Portfolio managers typically use axes to be more opportunistic and to ensure that when looking to send an order to the execution desk, it is something that has a realistic chance of being executed in the first place.
C8 Technologies enhances FX hedging platform with carry strategies
The TRADE
JULY 10, 2024
The platform is managed by Jonathan Webb, who previously served as head of FX strategy at Jefferies. He has also worked as a FX portfolio manager/proprietary trader at banks and hedge funds, including HSBC, Credit Suisse and Bank of America. “At
Tradeweb links repo and interest rate swap platforms to enhance institutional decision making
The TRADE
JUNE 4, 2024
Nicola Danese Higher money market volatility as a result of revised expectations of central bank policy actions has led traders to increasingly reference spreads to overnight index swap (OIC) curves when evaluating pricing of fixed-rate repos.
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People Moves Monday: UBS, Titan Asset Management, IEX Group and more…
The TRADE
JUNE 10, 2024
Previously in his career, he served as head of equity trading for Asia Pacific at Deutsche Bank and Deutsche Bank Securities for two years and 13 years, respectively. Alex Livingstone, formerly head of trading for ETFs and FX at Titan Asset Management, joined Titan Investment Solutions as a junior portfolio manager and trader.
Mizuho EMEA joins Neptune network as axe dealer for bonds
The TRADE
JUNE 29, 2023
Following its addition, the bank will distribute axes for investment grade and high yield corporate credit. This has been a client driven addition, as buy-side traders and portfolio managers continue to ask for high quality data from liquidity providers such as Mizuho.”
Prime brokerage: The intersection of challenge and opportunity
The TRADE
DECEMBER 8, 2023
This has forced prime brokers to focus more on risk management and diversification of their client portfolios with increased regulatory pressures.” The market volatility has certainly been a defining feature of the year, for both clients and providers, and gave rise to opportunities for certain strategies, while costing others dearly.
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Multi-Manager Hedge Funds: A Meritocratic Paradise or a Revolving Door of Burnout?
Mergers and Inquisitions
DECEMBER 6, 2023
The multi-manager hedge fund model is simple: Raise $10-20 billion, borrow at the fund level to take this to $50-$100 billion, and then allocate this capital to dozens of internal teams. Beta-Neutral Portfolios: For example, if the S&P 500 goes up or down by 5%, your team’s portfolio should move by ~0%.
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Algorithmic trading: Smarter than ever?
The TRADE
JANUARY 24, 2024
In such periods, it can be observed that traders move from automated algo trading to high touch and portfolio trading, relying on more blocks. “As Information leakage When utilising algorithms, information leakage becomes paramount, especially when breaking up orders and dealing with multiple banks.
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People Moves Monday: Bloomberg, RBC BlueBay AM, LSEG TORA and more…
The TRADE
JANUARY 8, 2024
Throughout his career Jenkins has also worked at SWIFT, Macgregor, and AXA Investment Managers. Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, left the bank after nearly a decade to join Daiwa Capital Markets Europe.
Fabien Oreve: Fixing Europe’s future markets
The TRADE
MAY 28, 2024
Market fragmentation has increased over recent years and led to the dispersion of trading activity across primary exchanges, lit and dark multilateral trading facilities (MTFs), banks’ systematic internalisers (SIs) and electronic liquidity providers’ (ELP SIs).
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People Moves Monday: Weekly roundup
The TRADE
JULY 31, 2023
Prior to joining Invesco in 2016, Taitz spent two and a half years at RBC Capital Markets in a fixed income role and 10 and a half years at UBS Investment Bank as an executive vice president. Goldman Sachs veteran, Christopher Daur, left the investment bank to head up buy-side sales and relationships at AccessFintech.
People Moves Monday: State Street Global Advisors, Nomura, Arqaam and more…
The TRADE
NOVEMBER 27, 2023
As head of State Street Global Advisors Europe – her current role – she is responsible for the firm’s EU-based portfolio management, distribution, product development, fund management and operations. He also previously spent two years at UBS as head of electronic trading for Asia.
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What is Value at Risk (VaR)? Definition and Basics
Peak Frameworks
SEPTEMBER 12, 2023
Value at Risk , commonly referred to as VaR, seeks to quantify the maximum potential loss an investment portfolio could face over a specified period for a given confidence interval. The choice depends on the nature of the portfolio and the objectives of the risk management exercise.
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Keeping an aircraft carrier nimble in times of turbulence
The TRADE
OCTOBER 31, 2024
Raymond joined LGIM as its head of credit trading in 2019 when the asset manager was undergoing the process of splitting up its portfolio management and trading capabilities. Chicago is a very small community and so I knew most of the portfolio managers and management at LGIM America before I came over.
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A new chapter for RBC BlueBay Asset Management’s London-based fixed income trading desk
The TRADE
OCTOBER 26, 2023
While traders don’t have the authority to load up trades, outside of execution they are expected to collaborate with their portfolio managers to bring value add to the investment process by making suggestions around idea generation and execution. The trading team work closely in tandem with portfolio managers when preparing a strategy.
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People Moves Monday: BlackRock Aladdin, Polar Capital, Rothschild & Co and more…
The TRADE
FEBRUARY 12, 2024
Prior to this appointment, she spent three years as head of EMEA EFX sales, bank sales, platform sales, custody FX and cross border payments for FIs at Citi, and before that served as head of EMEA electronic FX sales. Kluth was promoted to the role after serving as portfolio manager/analyst at the firm over the last two years.
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Interest Rate Swap | Examples | Uses | Swap Curve
Wall Street Mojo
JANUARY 17, 2024
The exchange in done, based on LIBOR (London Inter-Bank Offered Rate). The banks try to spread the risk and exposure to interest rate by making the dealers sell the swaps to many parties. The banks use interest rate swaps to manage interest rate risk. The floating rate index used in this case will be the LIBOR.
Single-Manager Hedge Funds: The Best Way to Get a Recurring Guest Spot on CNBC?
Mergers and Inquisitions
JANUARY 31, 2024
Here’s a quick run-down of the other differences: Performance Targets: Like all hedge funds, single-manager funds aim for high absolute returns (e.g., Portfolio Structure: Unlike MM portfolios, SM portfolios do not have to be market–neutral or based on pair trades; many SM funds also tend to run much more concentrated portfolios (e.g.,
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Half of asset managers are focused on speed over volume in their quest to fully capitalise on data, finds report
The TRADE
NOVEMBER 14, 2023
Looking at the specifics of where data is set to facilitate development, 48% of executives confirmed that they expect emerging data analytics to be of most benefit in ‘trading, investment analysis and portfolio management’ within their businesses over the next five years.
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