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 assets offer non-correlated returns, similar to global macro.” Distressed investing offers equity-like returns with lower risk.”

Debt

Mergers and Inquisitions

MAY 24, 2023

“Event-driven hedge funds” is one of the more confusing labels in finance. But the other problem is that all hedge funds are “event-driven” because they invest based on catalysts , or specific events that could change a security’s price. If this fund is right, the company’s price may increase by 50%.

Funds

The TRADE

DECEMBER 8, 2023

Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. 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.

Broker

The TRADE

SEPTEMBER 19, 2024

However, in order to do so the untangling of liquidity and credit must take place, panellists said, speaking in discussions exploring various solutions including peer-to-peer liquidity and the prime brokerage model used by by hedge funds. Asset managers should be able to access the best liquidity in the world.

Broker

The TRADE

DECEMBER 19, 2023

Martin Hendry, deputy head of trading, Liontrust Asset Management As we peer into the crystal ball for 2024 trading, a notable shift is anticipated with the adoption of T+1 settlement for US equity transactions. What challenges will Asian and European asset managers face with their FX overlay process?

Trading

The TRADE

JULY 19, 2024

What is driving the purported ‘comeback’ of traditional asset managers? This alone was enough to make institutional asset managers wary of making moves. However, macroeconomic uncertainty, particularly due to historic inflationary pressures and rising yields, kept traditional asset managers cautious.

Asset Management

The TRADE

OCTOBER 26, 2023

UK-based boutique fixed income trading desk BlueBay Asset Management is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income asset manager, with its traders now working directly alongside RBC BlueBay Asset Management’s equities desk.

Trading

The TRADE

DECEMBER 18, 2023

Improved post-trade efficiencies and initial regulatory leniency will hopefully make this an easier pill to swallow but funding costs and liquidity impacts are yet to be realised. Elsewhere, sourcing alternative liquidity will remain a key focus given the continued decline of order book liquidity in 2023.

Trading

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.

Engineering

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.

Trading

The TRADE

OCTOBER 4, 2023

Jonathan Cross, general manager of EMEA at LiquidityBook, said: “Our clients range from start-up hedge funds and large, established asset managers to broker-dealers, outsourced trading desks and software vendors.

Portfolio Management

The TRADE

JUNE 6, 2024

In November, The TRADE is set to debut the North American iteration of its glittering awards night in New York, recognising the finest talent and commitment to the trading industry across asset managers, hedge funds, banks, brokers, exchanges and vendors.

Trading

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.

Electronics

Growth Business

JUNE 2, 2023

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success EXCLUSIVE: Target Global is to deploy around £87m (€100m) from its £435m (€500m) venture fund for companies at late Series A and upwards in 2023, according to its founding partner. When we launched our first seed fund, we did more B2B SaaS.

Funds

The TRADE

JUNE 19, 2024

“The pre trade analytics are a very useful means by which clients can assess the quality of a block price,” the global head of listed derivatives at Liquidnet, Mike du Plessis, tells The TRADE. “They can choose not to trade on block and actually aggress the order book directly if that seems to be a better option at the point of trade.

Trading

The TRADE

OCTOBER 18, 2024

But the headwinds have subsided, and the tailwinds have finally arrived in the form of new fund launches, a rise in allocations and increasing returns for funds, not to mention the continuing emergence of multi-strategy hedge funds. That’s adding a level of interest in the sector again by allocators. billion in 2023.

Broker

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?

Asset Management

The TRADE

SEPTEMBER 18, 2023

For example, if trades head into the US close, non-US asset managers could be left with a tiny window to get an equity trade matched and FX trade generated and then executed into the market. We also have some system limitations on how fast trades can be booked as they go through post-trade compliance.

Trading

The TRADE

SEPTEMBER 28, 2023

The proliferation of exchange traded funds (ETFs) and flows in fixed income has also enabled a more consistent approach to pricing on the buy-side. Due to a limited handful of offerings such as Liquidnet’s new issue trading platform, buy-side use of central limit order books in fixed income remains incredibly low.

Trading

The TRADE

FEBRUARY 15, 2024

Notably, this dynamic shifts for systematic-only funds, where considerations and advantages associated with NDF algorithms may differ.” Recent trends highlight an increasing demand from asset managers, fast money, and quant funds, expediting the transition toward electronification in NDF markets,” says Patil. “As

Trading

The TRADE

OCTOBER 27, 2023

The business has also captured over 1660 new bond deals to trade, with more than 300 traders engaged with the order book, and received $22 billion in order. Invesco Asset Management and Charles River Development (CRD) were the first to facilitate the new functionality following an initial testing period.

Trading

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.

Trading

The TRADE

AUGUST 7, 2024

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.

Trading

The TRADE

AUGUST 4, 2023

You want to be able to take a look at an ecosystem if you’re an equity investor or if you’re a fixed income investor and be able to know everything about this system from operations, booking, trading, reporting requirements and taxation. In crypto, we don’t have that yet and we need to get there.

Trading

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. It’s different needs for our clients and our fund managers.

Portfolio

Mergers and Inquisitions

APRIL 24, 2024

Here are a few examples of when these internships are useful or not useful: Startup Engineer to Tech or TMT Investment Banking: A pre-MBA internship at a boutique VC/PE firm , bank, or search fund would be very useful here. You’d learn some required skills and get solid talking points for your “ story.”

IT

Mergers and Inquisitions

JANUARY 10, 2024

However, the “sales shift” starts much earlier in wealth management , as it’s pretty much a sales job from Day 1 (with some analytical work mixed in). The first few years are very tough because you start from nothing – but if you build a decent book, the job gets easier since you’ll have consistent revenue from long-term clients.

Investment Banking

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 We share the burden of finding budgets and funding things going forward.” That’s the only way to withstand this pressure.

Trading

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. There are vendors that are breaking into the market for different asset classes and working out where the gaps are.

Trading

Mergers and Inquisitions

AUGUST 6, 2025

Hebbia – This one’s more of a “knowledge worker” solution for various industries (finance, law, corporate) that speeds up processes such as screening for buyers and sellers, coming up with due diligence question lists, “generating” entire pitch books , and drafting initial CIMs. Auquan is similar but more for credit and asset management.

Financial Models

The TRADE

AUGUST 7, 2023

We can’t just rely on our houses, pension funds, and saving plans anymore.” It’s part of creating their financial future – not relying on pension funds is important. Dirk Donker added: “Covid has been a main accelerator for retail. This is not even close to the same level as in the US.

Retail

The TRADE

OCTOBER 23, 2024

Rowe Price Buy-Side Market Structure Expert of the Year Simon Cohen, Morgan Stanley Investment Management Dan Eiseman, MFS Investment Management Melissa Hinmon, Glenmede Investment Management Mett Kinack, T.

Trading

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. Goldman Sachs also acts as a liquidity provider for off-book transactions, as part of the deal.

Trading

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.

Trading

CNBC: Investing

JULY 22, 2025

And it probably, in the background, has helped people feel a little bit better about buying some of these wealth managers, asset managers, money center banks at an elevated price-to-book over what they would have paid five years ago when they were being regulated like utilities. Skip Navigation Markets Pre-Markets U.S.

Stock

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.

Trading

The TRADE

MARCH 31, 2025

Following the success of last year, Leaders in Trading New York 2025 will be a glittering night, honouring the finest talent and commitment to the trading industry across asset managers, hedge funds, banks, brokers, exchanges and vendors.

Trading