Mergers and Inquisitions

SEPTEMBER 13, 2023

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed investing offers equity-like returns with lower risk.” Distressed assets offer non-correlated returns, similar to global macro.”

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The TRADE

OCTOBER 20, 2023

Asset manager Ninety One has promoted from within for its new deputy global head of trading and head of trading for South Africa, The TRADE can reveal. Former head of trading for South Africa at Ninety One, Doug Blatch, has been selected to support global head of trading at Ninety One, Cathy Gibson, as deputy.

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Trading Asset Management Recruitment Business 52

The TRADE

DECEMBER 27, 2023

The plan was to create an integrated North American dealer to significantly advance its growth strategy in the region, specifically through the addition of Cowen’s US equities sales trading, execution, and research offering. Songca’s appointment comes after nine years with Ninety One, originally joining the asset manager in 2015.

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Acquisitions Mergers and Acquisitions Trading Capital Market 110

The TRADE

DECEMBER 8, 2023

Among hedge funds there have been winners and losers, and primes will have needed to both watch their books carefully and make themselves available to assist clients with their evolving needs. “In 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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The TRADE

APRIL 18, 2024

Depth of book data provider BMLL and real-time data services provider Quanthouse, part of Iress, have collaborated to expand buy-side data analysis capabilities across equities and futures.

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Engineering Collaboration Asset Management Trading 59

The TRADE

OCTOBER 26, 2023

Citadel Securities Needing little introduction, Citadel Securities, is one of the largest market makers in US Treasuries and USD interest rate swaps globally, and serves an extensive list of financial institutions, including: banks, asset managers, pension funds, hedge funds, central banks, and sovereign wealth fund.

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Electronics Trading Bank Banking 59

The TRADE

AUGUST 14, 2023

I’ve always worked in the asset management industry, starting my first job at 18 with Scottish Amicable Investment Management in Glasgow. From the banking team at Scot Asset Management, I moved firms in 1999 to take up a role in trade settlements. What has your journey to the trading desk been like?

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Trading Asset Management Equities Electronics 52

The Deal

MAY 2, 2023

Books have been out on Liberty, Mo.-based Cinven beat Brookfield Asset Management, CVC Capital Partners Group and Apax Partners LLP to pick up the business, The Deal previously reported. What’s left of Douglas Products — after Altamont sliced off wastewater services business Duke’s Root Control Inc.

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Private Equity Sale Capital Business 52

Mergers and Inquisitions

MARCH 8, 2023

For example, you could start trading a slightly more accessible product (equities, options, etc.) at a hedge fund , prop trading firm , or asset management firm and then move into a commodity role once you prove yourself. Around 10% had wealth management experience. Start in trading and pivot into commodities.

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Mergers and Inquisitions

MAY 24, 2023

Event-Driven Hedge Funds Definition: Event-driven hedge funds bet on specific corporate actions, such as M&A deals, divestitures, spin-offs, bankruptcies, and business reorganizations, and they profit based on changes in the value of a company’s debt or equity after the action.

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Funds Investors Mergers and Acquisitions Mergers 64

The TRADE

SEPTEMBER 18, 2023

Many of the chief concerns revolve around FX trades which are typically executed after an equity trade has been matched and executed and subsequently will be under increased time pressure. We also have some system limitations on how fast trades can be booked as they go through post-trade compliance.

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Trading Management Equities Asset Management 69

The TRADE

OCTOBER 9, 2024

The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. At the helm of the team is global head of trading Cathy Gibson who oversees trading across the asset manager’s offices in London, the US, Asia Pacific and South Africa.

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Trading Bulge Bracket Asset Management Bank 59

The TRADE

OCTOBER 31, 2024

Finding fixed income After spending three months as a trading assistant intern at PPM America, Raymond landed his first permanent buy-side position, joining UBS Asset Management as an operations assistant in 2003. Equities was already a globalised product and in 2021, LGIM opted to globalise its fixed income product offering.

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Portfolio Trading Asset Management Management 52

The TRADE

NOVEMBER 2, 2023

It also boasts full order book transparency including pre-trade in its data feed and indicative crossing summaries, meaning all market participants can see in price and size or quantity in real-time for all price levels that are predicted to execute in the cross.

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Trading Stock IT Asset Management 64

The TRADE

SEPTEMBER 28, 2023

“There’s been an increase in the willingness and ability to leave latent liquidity in the marketplace to try to get things done in a slightly different way,” explains head of trading at Jupiter Asset Management, Mike Poole. “I Quasi order book, small size, executable, click to trade, the algos will get smarter quickly.

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The TRADE

DECEMBER 21, 2023

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.

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Trading Management Funds Asset Management 64

Peak Frameworks

MAY 8, 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. Salvage value , often referred to as residual value, is the estimated value of an asset at the end of its useful life. What is Salvage Value?

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Finance Finance Book-building Accountant 52

The TRADE

OCTOBER 27, 2023

In July, FlexTRADER was onboarded by Amundi Asset Management’s execution subsidiary, Amundi Intermédiation to consolidate its trading across asset classes, including fixed income, derivatives and equities.

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Trading Management Book-building Electronics 59

The TRADE

AUGUST 7, 2024

As Rebecca Crowe, managing director and chief operating officer, BNY Mellon Markets, previously told The TRADE, “Years ago, it was the middle-office who were contemplating outsourcing and people couldn’t even consider that you would allow somebody into your books and records in that way.” were in $50-100 billion and another 2.5%

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The TRADE

JULY 24, 2023

Werner Eppacher has spent the entirety of his two-decade financial career with German asset manager DWS Group, catching his first glimpse of a trading floor as an intern for Deutsche Bank in 2003. “A This is followed by 13% being accounted for by alternatives and 12% by active equity.

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The TRADE

AUGUST 4, 2023

Gordon Grant: We hope to see what I would consider to be proper prime services platform offerings, including a FX PB, equity PB style solution. Although I think that the greatest potential is probably withthe hedge fund and the asset manager clients. This has been a long time coming for crypto.

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Mergers and Inquisitions

JANUARY 10, 2024

Some of these client differences relate to the distinction between private wealth management and private banking; for more on that, you should review the the private banking article. By contrast, investment banking is more about advising companies on transactions such as M&A deals , equity and debt deals , and restructuring.

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Investment Banking Management Bank Banking 59

Mergers and Inquisitions

APRIL 24, 2024

Diversity, Equity & Inclusion (DEI) Events – These are like the “programs” above but provide underrepresented minorities (URM) with the chance to get fast-tracked for initial interviews. However, you might be competitive for investment banking, asset management, or consulting roles, and a pre-MBA internship could help with those.

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IT Investment Banking Recruitment Finance 59

The TRADE

OCTOBER 25, 2023

BMLL Technologies BMLL provides its clients – banks, brokers, asset managers, hedge funds, global exchange groups, academic institutions and regulators immediate and flexible access to Level 3, harmonised, T+1 historical order book data and advanced pre- and post-trade analytics at scale.

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Trading Investment Business Valuation 59

Mergers and Inquisitions

JANUARY 22, 2025

We sometimes get questions about why we dont offer an equity research course. People are convinced that financial modeling in equity research is vastly different from investment banking and that research requires different or more specialized skills. IB is all about deals , while ER is all about coverage.

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Investment Banking Equities Bank Banking 64

The TRADE

OCTOBER 18, 2024

Meanwhile, with regards to equities, revenue deriving from prime brokerage compared to trading shifted from a 30% versus 70% ratio a decade ago, to 40% to 60% in 2023. Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. billion in 2023.

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Funds Broker Bank Banking 69

The TRADE

OCTOBER 9, 2023

Beginning her career on the buy-side at boutique asset manager Credit Suisse First Boston as an investment portfolio analyst in London in 1986, Ruffles has seen the markets through several highs and lows. One way of doing this is by using an execution management system (EMS). A novel concept to greener traders.

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Trading Electronics Portfolio IT 64

Software Equity Group

AUGUST 20, 2024

Notable recent acquisitions include the June 2024 purchase of Sceptre Hospitality Resources, a provider of AI-based revenue generation and management SaaS for businesses in the hospitality sector globally. The software provides features for access control, asset management, eLearning, and predictive analysis.

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The TRADE

OCTOBER 19, 2023

CME Group also boasts over 90,000 users in FX futures raging from corporates, banks, proprietary trading companies, retail, asset managers and hedge funds. The integrated platform is available for all equity, equity index and fixed income options and corresponding futures traded on Eurex, alongside foreign exchange derivatives.

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Trading Asset Management Bank Banking 59

The TRADE

OCTOBER 18, 2023

Meanwhile, Cboe expanded the trading period for its high yield and investment grade corporate bond futures to 23 hours per weekday, in June, to help investors manage their credit portfolios. The exchange also made multiple senior appointments to support growth strategies within the business.

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The TRADE

NOVEMBER 1, 2024

Previously recognised individuals have gone on to head up some of the largest and most successful desks across leading asset managers and hedge funds.

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Trading Asset Management Management Investment 105

CNBC: Investing

JUNE 5, 2025

While small caps face greater risk from tariffs and macro uncertainty, as well as from higher rates, they remain cheap compared with large-cap stocks, equity and quant strategist Jill Carey Hall wrote. It's a name that investor Jenny Harrington, CEO of Gilman Hill Asset Management, picked up after its tariff-induced sell-off.

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The TRADE

MARCH 14, 2025

The accelerating growth of automation in fixed income markets presents unique challenges and opportunities compared to other asset classes. Equities markets which have long benefited from electronic trading and automation are highly transparent, largely trading on order books and on an agency basis.

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Trading Asset Management Management Equities 59

The TRADE

MAY 15, 2025

Market making is still fundamentaland atthe core of what we do, asserted Anish Puaar, head of European equity market structure at Optiver. Bilateral is obviously the thing that gets people very excited but we are in essence a market maker and what we do bilaterally doesn’t affect our on-screen strategies.

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Trading IT Management Equities 59

The TRADE

APRIL 30, 2025

Melissa Hinmons extensive experience in the industry has taught her many life lessons that make her the successful director of equity trading at Glenmede Investment Management that she is today. Originally joining Glenmede in 2015 as an equity trader, she took on her role heading up the buy-side firms equities trading business in 2017.

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Trading Equities Retail S&P 52

The TRADE

FEBRUARY 7, 2025

For dealers and asset managers, technology becomes a core business requirement, and market share tends to accrue to firms with the most efficient and scalable infrastructure. The trader probably has a Bloomberg terminal with streaming order book data and a news feed. These questions are answered, in one way or another, by data.

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Securities Electronics Trading Book-building 59