Remove Asset Management Remove Broker Remove Definition
article thumbnail

Asset manager consolidation wave continues as two deals announced in 24 hours

The TRADE

The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two asset management deals have been announced in the past 24 hours. In the same week, Redburn merged with Atlantic Equities – creating a London-headquartered transatlantic broker.

article thumbnail

SIFMA and asset management arm voice concerns over the SEC’s proposal to redefine exchanges

The TRADE

SIFMA and its asset management arm have published an open letter expressing concerns about the SEC’s proposal to redefine what constitutes an exchange and expand Regulation ATS, stating that it is not appropriately tailored to existing systems.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BNP Paribas to pay €5.1 billion for AXA Investment Managers in trillion-dollar asset management JV

The TRADE

BNP Paribas has entered into a definitive agreement to acquire 100% of AXA Investment Managers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.

article thumbnail

System readiness, interoperability and regulatory compliance identified as key challenges ahead of T+1 transition

The TRADE

To ensure a smooth transition to T+1 settlements, the report emphasised that systems across entities including broker-dealers, prime brokers and clearing houses will require upgrades to meet the demands of an accelerated settlement cycle. Foreign investors will also have to bring in all FX transactions for a T+1 cash settlement.

article thumbnail

Commodity Hedge Funds: The Most Lucrative “Hidden Gem” in Finance?

Mergers and Inquisitions

Commodity Hedge Fund Definition: A commodity hedge fund buys and sells futures contracts and other derivatives based on mining, energy, power, and agricultural products and earns profits via fundamental and technical analysis; the trading may be systematic, discretionary, or both. Start in trading and pivot into commodities.

Funds 119
article thumbnail

Chasing innovation on Robeco’s global equity trading desk: ‘In order to stay good, we need to become better’

The TRADE

Global asset manager Robeco leverages a low touch and high touch trading team that spans across three continents. And, like most asset managers across the street, its global equity trading desk plays host to a variety of characters, each bringing their own individual string to the wider team’s bow.

Trading 59
article thumbnail

An evolving service provider landscape

The TRADE

That line-up is largely made up of independent firms, prime brokers and custodians, all of whom are enjoying a piece of the growing pie, with their own strengths and weaknesses. Raymond McCabe, founder and managing partner of Outset Global, highlights how a dozen of its frontline traders are “pure buy-side” from “big desks”.

Trading 64