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The global head of capitalmarkets at German asset manager 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. DWS declined to comment.
I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I made the jump to Credit Suisse and we developed this product nucleus within the equities division to facilitate content distribution and market making across all asset classes, including volatility strategies tailored for hedge fund clients.
FINBOURNE Technology has raised £55 million in a Series B funding round led by Highland Europe and AXA Venture Partners (AVP). FINBOURNE is a provider of investmentmanagement solutions and a cloud-native data management platform.
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 CapitalMarkets appointed Mitul Patel director, central bank sales, based in London.
The year ahead will be busy for institutional investors and pension funds as they navigate political turbulence and speculations around when the economic cycle will shift. The industry is rethinking how to manage the generation, storage, transformation, usage and retirement of both structured and unstructured data.
His experience also encompasses hedge fund related roles, including futures and options trading and work on a fixed income desk. RBC BlueBay Asset Management equity trader, Michael Tamou, left the asset manager to join Qube Research & Technologies (QRT). Before that, he was co-head of Asia Pacific at FIX Protocol.
RBC CapitalMarkets appointed Giles Gleave and Mike Heraty as its newest managing directors, according to an internal memo seen by The TRADE. He has been appointed senior trader at Norges Bank InvestmentManagement, based in New York.
Legal & General InvestmentManagement (LGIM) promoted one of its own to the role of head of US equity and foreign exchange trading. Previously in his career he spent a year and a half at Fideuram Asset Management Ireland as a trader in equity and derivatives and spent nearly three years at ING Eurasia ZAO in money markets roles.
UBS appointed Carlos Salcedo head of capitalmarkets financing sales Americas, according to an internal memo seen by The TRADE. He joined Northern Trust in 2007 and has since worked in senior roles across portfolio management, client management and sales.
“One of the key reasons Singapore is an attractive market is it’s pretty well positioned, as it shares the same time zone as Hong Kong,” Gerard Walsh, global head of capitalmarkets client solutions at Northern Trust, told The TRADE. This year, the industry has seen interest in Singapore grow from the buy-side too.
Given that the settlement cycle is now shorter in the US trading volumes on a Thursday have dropped off significantly thanks to funding requirements that require brokers to fund a position for an additional three days on Friday, Saturday and Sunday given the slightly longer settlement cycle in Europe, the UK, and most of Asia Pacific.
The pandemic marked a seminal moment across the capitalmarkets, effectively drawing a line between the old world and the new. And soon, it may no longer be just a service that applies to smaller fundmanagers. Hedge fund launches now often choose outsourced trading over building their own capabilities.
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capitalmarkets for decades in some form or another. As larger funds utilise the service, other groups such as sovereign wealth and platform providers are becoming increasingly involved. were in $50-100 billion and another 2.5%
Patience young grasshopper As the adoption of AI surges across capitalmarkets, sentiment is on the up despite some trepidation, but what should be considered before everyone dives headfirst into integration? In depth – AI?
“Credit funds have become the go-to for financing—they can cut big checks and raise money with relative ease with a track record,” said Joe Stein , managing director at Solomon Partners. Borrowers can also raise mezzanine funds without triggering the MFN clause on existing senior debt.
And what happens if the floodgates truly open with the arrival of the $100 billion funds? The narrative of the service being used solely by smaller hedge funds has been replaced by suggestions that outsourced trading is gathering pace among larger fundmanagers.
With the advent of an ever-more technologically innovative and globally connected capitalmarkets sphere, fixed income emerging markets (EM) have demonstrably become an increasingly appealing area of interest for investors. Since last year EM fixed income was expected to do well however, currently market changes are yet to pass.
Amundi Technology has partnered with capitalmarkets trading and risk solutions provider Murex to deliver OTC derivatives capabilities to investmentmanagers. Read more – Migration to Murex’s MX.3 3 platform Murexs platform MX.3 3 has gained traction in recent years.
The highly anticipated award for Trader of the Year – Long Only went to Chris Fiorito of River Road Asset Management. Meanwhile, the award for Trader of the Year – Hedge Fund was given to David Alfred of Conversant Capital. Elsewhere, Charles River collected the Outstanding Trading Technology Provider award.
In another individual award recognition, Ed Wicks of Legal & General InvestmentManagement, was honoured with the Buy-Side Market Structure Expert of the Year award.
Central clearing will play a key role in this debate, which will be essential for advancing the region’s capitalmarkets, and we look forward to Emir 3.0 helping in this regard.
It [bilateral trading for blocks] never really took off as a product whereas the way I look at the more recent developments in bilateral liquidity, it’s for a lower liquidity demand which does feel more sustainable, says Legal & General InvestmentManagements global head of trading, Ed Wicks.
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