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Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investmentmanagement platform Enfusion for $1.5 All rights reserved. For personal use only.
I spent a lot of time in my sell-side days working as a conduit between capital markets and the origination desk within investment banking as a bridge into the public side, covering hedge funds and multi strategy investmentmanagers for anything equity-linked and credit with a cross-asset mindset. It’s been busy.
BNY Mellon has launched a new foreign exchange (FX) platform, meeting client demands to manage execution across their entire portfolio and access improved price transparency. BNY Mellon stated that the new platform will also help clients navigate the industry transition to T+1 settlement.
Manulife InvestmentManagement is set to acquire multi-sector alternative credit manager CQS for an undisclosed sum with the deal set to close in early 2024. Following close, Manulife is set to align the CQS brand with its own as a co-branded logo – Manulife | CQS InvestmentManagement.
Triodos InvestmentManagement has selected Bloomberg’s AIM and PORT Enterprise solutions in a bid to support its front-office workflows. Specifically, the Netherlands-based impact asset manager will utilise Bloomberg’s offerings to enhance processes for its investmentfunds and discretionary clients’ business.
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. Blockchain.
In the complex world of modern finance, the importance of portfolio valuations cannot be overstated. These valuations are crucial for fund and investmentmanagers, as transparency and consistency is important for individual investors, large institutions and other stakeholders.
Ascension Ventures Early-stage VC built by exited entrepreneurs ready to back the next generation of tech and impact founders Augmentum Fintech Augmentum Europe’s leading publicly listed fintech fund, investing in fast growing businesses that are disrupting the financial services sector.
In her new role, Butler will oversee investmentmanagement for the fund as it continues to scale its portfolio of private real estate equity and credit investments. The post KKR Real Estate Trust taps Butler as chief investment officer appeared first on PE Hub.
Alex Livingstone, formerly head of trading for ETFs and FX at Titan Asset Management has joined Titan Investment Solutions as a junior portfoliomanager and trader, according to an announcement on social media. Livingstone has previously served as head of trading – FX and ETFs at Tavistock Investments.
Raquel Alves Specifically, Gravis is set to utilise Bloomberg AIM to provide operational intelligence and management for its front-office to enhance pre-trade processes and order generation workflow, as well as for fund holdings reconciliation.
It sounds like you’re ready to raise pre-seed funding. The thing to note here is that you don’t have to raise pre-seed funding, but it is beneficial. Pre-seed funding is there to build the foundations of your business before you move on to your subsequent funding rounds. We invested after a little while.
After leaving university, she undertook several sell-side internships at RBC, Nomura and Fisher Investments, returning to RBC in 2014 to work on its cash management team for its foreign exchange traders. In 2016, Nutting moved to Principia InvestmentManagement Limited where she was an execution trader and fundmanager assistant.
He joined Northern Trust in 2007 and has since worked in senior roles across portfoliomanagement, client management and sales. Before joining Northern Trust Asset Management, Komoro spent six years at Mizuho Trust & Banking Co. as a fundmanager for the passive and quantitative investmentmanagement department.
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.
TS Imagine has expanded its team in the Asia Pacific with two new appointments from investmentmanagement fintech Enfusion. Stephanie Cheung has been appointed sales director, while An Hoong will work within the account management team, responsible for technical account management and client support.
Fidelity Investments appointed Sarah Lambert senior trader, based in Boston. Lambert joins Fidelity from MFS InvestmentManagement where she spent the last five years, most recently serving as investment officer, fixed income trader. Before joining MFS, she spent seven and a half years at BNY Mellon (now BNY).
Following the expansion of the partnership, the pair will offer solutions and services to non-US resident investors who invest through US intermediaries. Investors in the US offshore market will be able to access Candriam’s existing UCITS funds that cover US high yield corporate bonds, emerging market equity and debt, and thematic strategies.
Chicago-based head of US trading at Legal and General InvestmentManagement (LGIM) Ryan Raymond has seen enough economic turmoil during his career to know what to do when markets turn volatile. Chicago is a very small community and so I knew most of the portfoliomanagers and management at LGIM America before I came over.
As part of the new system-wide exploratory scenario (SWES) exercise, participants including major banks, hedge funds, asset managers and pension funds will be asked to evaluate the impact of “severe but plausible” stress including what actions they might individually take in that scenario, with a focus on the UK markets.
The immediate focus for the business is set to be investing in client service and portfoliomanagement, specifically hiring in senior sales and distribution team members focused on Europe and the UK, as well as investmentmanagers for both the luxury brands and credit opportunities strategies.
The team – made up of David Goodman, Kevin Kruczynski and Pieran Maru currently manage the GAM Star Disruptive Growth and GAM Star Alpha Technology funds. I share GAM’s belief in building concentrated long-only portfolios with high active share and diversified risk in order to deliver long-term outperformance for clients. “I
Exclusive Investment Opportunities Private banking clients gain access to investment products and opportunities not available to the general public, such as: Private equity and hedge funds. Alternative investments, including real estate, commodities, and luxury assets. Flexible credit lines for liquidity needs.
RBC appointed Guy Chalkley as managing director, UK flow rates sales. Chalkley brings more than three decades worth of financial services to the role, in both portfoliomanagement and rates sales. Elsewhere in his career, Chalkley served as a European government bond, inflation and absolute return fundmanager at BlackRock.
Speaking to The TRADE, Dean Gray, head of EMEA outsourced trading at Jefferies, explains: “It has been well documented that the past few years have seen a significant shift in the mindset, especially of the larger funds, towards the adoption of outsourced trading. were in $50-100 billion and another 2.5% in the $100 billion-plus range.
“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. That’s made these firms more attractive to sponsors and sellers, giving the asset class an upper hand in setting buyout terms.
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.
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. The list goes on.
In depth – AI? Patience young grasshopper As the adoption of AI surges across capital markets, sentiment is on the up despite some trepidation, but what should be considered before everyone dives headfirst into integration?
One key client user group of the protocol is the hedge fund segment, and it goes without saying that hedge funds are some of the most impact conscious firms out there. Tradeweb subsequently rolled out trading protocols for clients to engage with the Sofr alternative benchmark for US dollar derivatives and €STR for euro derivatives.
Industry Person of the Year 2023 shortlist: Seema Arora, managing director, head of execution sales, Instinet Europe Champion of The TRADE’s Rising Stars of Trading and Execution award scheme, Instinet Europe’s Seema Arora needs little introduction with an extensive financial career spanning more than 25 years.
Robo-advisors are automated platforms that provide investmentmanagement services with minimal human intervention, such as Betterment. Some brokerages may also charge a fee for transferring out funds or closing an account. Deposit funds into the account. Discount brokerages offer fewer services but at a lower cost.
There is a structural case for emerging markets, and it is set to remain a core part of the fixed income opportunity set,” asserts John Espinosa, head of sovereigns and portfoliomanager for Nuveen’s global fixed income team. “It We’ve also seen an increase in portfolio trading activity in the market.”
I’ve always worked in the asset management industry, starting my first job at 18 with Scottish Amicable InvestmentManagement in Glasgow. What has your journey to the trading desk been like? I joined the banking services team and within that team sat the Treasury function consisting of a money market and FX trader.
Strained access to public markets and funding The IPO market remained relatively inactive in 2023, leading many life sciences companies looking to raise funds to turn to other exit strategies. Additional major acquisitions of 2023 included Pfizer’s acquisition of Seagen for $43 billion and Merck’s acquisition of Prometheus for $10.8
JP Morgan subsidiary Neovest has moved to expand its capabilities in the hedge fund sphere with the acquisition of investmentmanagement platform LayerOne Financial. Once integrated, the enhanced Neovest platform will be available to hedge funds in a modular format.
The rash of bank insolvencies we saw in Q1 came to a halt, likely due to the Bank Term Funding Program announced in March by the Federal Reserve. This lifeline, designed to assist banks with liquidity needs, stood in contrast to the Fed’s decision to hike the fed funds rate once again.
Amundi Technology has partnered with capital markets trading and risk solutions provider Murex to deliver OTC derivatives capabilities to investmentmanagers. The integration of Murex’s market-leading OTC derivatives capabilities will support ALTO client expansion into the most complex portfolio strategies.
Michael Lam joined TT International as a senior trader, following three and a half years at Jupiter Asset Management as a fixed income trader. He has previous experience across multi-asset trading and his past roles include stints as a multi asset trader at Manulife InvestmentManagement and BNP Paribas Asset Management.
Clearwater Analytics has completed its acquisition of software-as-a-service (SaaS) solutions provider for the investmentmanagement and hedge fund sectors, Enfusion. billion, is set to provide the first single-instance, multi-tenant, cloud-native front-to-back platform for the entire investmentmanagement industry.
Read more: Head of UBS outsourced trading offering departs Prior to joining UBS, London-based Power served as a global multi-asset and derivatives trader at Newton IM, and before that as head of trading at Standard Life Investments. UBS had not responded to a request for comment at the time of publishing.
Clearwater Analytics is set to acquire Enfusion a software-as-a-service (SaaS) solutions provider for the hedge fund and investmentmanagement industry for $1.5 Through the acquisition this is set to change, thanks to Enfusions next-generation platform which has been built for asset managers with a focus on the front-office.
Melissa Hinmons extensive experience in the industry has taught her many life lessons that make her the successful director of equity trading at Glenmede InvestmentManagement that she is today. What may be important last week is less important this week. It may be on the front burner and then that flame goes out.
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