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This investment manager is looking to bridge the racial wealth gap

CNBC: Investing

Economic freedom has been more elusive for Black people. Veteran portfolio manager Jim Casselberry is trying to do something about that.

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Online wholesaler Boxed acquired after filing for bankruptcy

TechCrunch: M&A

The transaction was expected to provide Boxed with about $334 million in net cash proceeds, including a $120 million private investment from investors such as Brigade Capital Management, Avanda Investment Management and Onex Credit, Reuters reported.

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LGIM says not too positive on China; UK gilts offer value

Global Banking & Finance

LONDON (Reuters) – China still faces a very difficult economic situation and it is hard to be positive on the world’s second-biggest economy just yet, Legal & General Investment Management’s Chief Investment Officer Sonja Laud said on Monday.

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The Path to Success: How to Become an Investment Banker

OfficeHours

While a degree in finance, economics, or related fields is highly sought after, investment banks will hire candidates with a diversity of backgrounds, especially in STEM fields. To develop these skills, take classes in finance and economics, regardless of your major. Maybe even more important than your major is your GPA.

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Top 3 Trends for the Institutional Investing & Pension Funds Space in 2018

Accenture Capital Markets

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.

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People Moves Monday: Morgan Stanley IM, Citi, State Street and more…

The TRADE

Head of London equity trading at Morgan Stanley Investment Management, Mark Perry, has retired The TRADE revealed. Before that, he served in several roles at Morgan Stanley throughout a 13-year term and managed trading desks in Sao Paulo, New York, and London, with a focus on FX, fixed income, and derivatives.

Trading 64
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Ediphy-led consortium enters the race for UK consolidated tape provider

The TRADE

A new group, named fairCT, consisting of Google Cloud, UBS, TP ICAP, Cboe Global Markets, FactSet, and Norges Bank Investment Management, co-ordinated by Ediphy, has entered the tender process to become the UK’s consolidated tape provider for fixed income.

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