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The near-constant stream of mergers and acquisitions across both the sell- and buy-side appears to show no signs of abating as two assetmanagement deals have been announced in the past 24 hours. In the same week, Redburn merged with Atlantic Equities – creating a London-headquartered transatlantic broker. stake in the company.
Assetmanagers are focusing on costs and value, and in turn are not prioritising investment research budgets as the prospect of rebundling looms, a new buy-side study by Substantive Research has found. since 2022 – now at 54.6%.
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.
In 2019, we closed the largest number of transactions ever for our firm, reflecting the increasingly robust M&A market for insurance brokers driven mainly by private equity sponsored brokerages. Sica | Fletcher is excited to keep with momentum going into 2020. Sica | Fletcher is excited to keep with momentum going into 2020.
Royal London AssetManagement’s (RLAM) trading team is no stranger to change. The London-based assetmanager has undergone not one but three makeovers in recent years as it continues to evolve with the demands of the street. Automation has been very important in credit more widely given we are an active manager.
This week, the industry’s eyes turned to trading venues as two new M&A announcements were made. Also announced this week was MarketAxess’ plans to acquire multi-asset algorithmic trading provider, Pragma, for an undisclosed sum at the end of this year, subject to closing conditions. It’s part of Aquis’ developed strategy.
Kepler Cheuvreux subsidiary Ellipsis AssetManagement has moved to expand its capabilities in the convertible bond segment with the acquisition of Rothschild & Co’s business. As part of the deal two Rothschild portfolio managers – Cristina Jarrin and Mikael Dauvert – will move to Ellipsis AM.
There has been a shift in the size and scale in the types of managers that we’re talking to. We did a survey on about 300 global assetmanagers and one of the main themes that came out of that was around outsourcing. That is bolstering the 24/6 offering that we have around that asset class.
UK-based boutique fixed income trading desk BlueBay AssetManagement is beginning a new chapter in its life. The move has opened up swathes of synergy opportunities for the pure fixed income assetmanager, with its traders now working directly alongside RBC BlueBay AssetManagement’s equities desk.
LMAX Group has acquired FX HedgePool as it seeks to expand its FX offering and build into a global cross-asset marketplace. Jay Moore, chief executive and founder of FX HedgePool, asserted that “this significant milestone for FX HedgePool and our community marks the start of a period of considerable innovation.
TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Virtus Capital Corporation, the assetmanager of Virtus Diversified REIT is proud to announce its latest strategic move in expanding its portfolio with the acquisition of a free-standing Walmart tenanted property located in Flin Flon, Manitoba. We originally tied up this property for $5.25
It’s a world which has a compelling backstory and a future which could veer off in several different directions depending on a range of scenarios which includes growing demand from larger buy-side organisations, M&A activity and an increasing level of investment needed to stay competitive. Will we see more M&A?
Pragma provides algorithmic trading and analytical services across equities, foreign exchange and fixed income with a client base that spans assetmanagers, hedge funds, broker dealers, banks and exchanges. r8fin brings cutting-edge technology and a business that’s very much in Tradeweb’s wheelhouse.
Global assetmanager Robeco leverages a low touch and high touch trading team that spans across three continents. And, like most assetmanagers 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.
Firstly, getting your broker and trade strategy right from the outset. Good market data is always key to helping with this, both as a pre-trade analysis tool, as well as managing post-trade transaction cost analysis. There’s a couple of potential and current changes that I’m keeping an eye on.
MarketAxess is set to acquire multi-asset algorithmic trading provider, Pragma, for an undisclosed sum at the end of this year, subject to closing conditions. Its clients include assetmanagers, hedge funds, broker dealers, banks and exchanges.
While fingers of blame are being pointed in each direction, the bottom line is assetmanagers are now facing operational challenges, the notion of pre-funding trades and balancing settlement security with best execution obligations. When that update came – with a refusal to budge – the US shift to T+1 was just seven weeks away.
LiquidityBook is set to acquire boutique capital markets fintech provider, Messer Financial Software, in a bid to accelerate its multi-asset capabilities. As a result, LiquidityBook’s LBX suite has become a full-featured Portfolio, Order and Execution Management System (POEMS) with an embedded FIX network.
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 assetmanager’s offices in London, the US, Asia Pacific and South Africa. Markets have been tricky.
For some assetmanagers 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. It’s no longer all or nothing.
Werner Eppacher has spent the entirety of his two-decade financial career with German assetmanager DWS Group, catching his first glimpse of a trading floor as an intern for Deutsche Bank in 2003. “A I’m not involved in day-to-day trading anymore,” he says. “I’m You had the gilt crisis.
The software landscape is dynamic, and strategic buyers are continuously seeking new and innovative ways to gain a competitive edge. One strategy gaining momentum is the acquisition of high-growth SaaS companies. This trend goes beyond simply acquiring market share; it creates a win-win scenario for both parties.
Papanichola began his career at interdealer broker, GFI, however quickly realised the environment wasn’t the one for him. It’s about risk management philosophy and methodology,” explains Papanichola. Interesting, lucrative, fun but highly unconventional,” he says. Both [Cardello and Byrd] were incredibly patient with me.
The advantages are that you can win these roles with minimal experience, and you will learn a lot about leases, property budgets, and management. The disadvantages are that it is quite difficult to move from these jobs into investment/deal-related roles, as some CRE investors “look down on” property management.
S&P Global and CME Group today have signed a definitive agreement to sell post-trade solutions provider OSTTRA to investment funds managed by KKR. The firm offers post-trade services across: interest rates, FX, credit and equity asset classes. Clients include banks, broker-dealers, assetmanagers, and other market participants.
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