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Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for assetmanagers, said on Monday it has entered into a definitive agreement to acquire investmentmanagement platform Enfusion for $1.5
MetLife InvestmentManagement (MIM) has reached a definitive agreement to acquire three investment teams and assetsmanaged by Mesirow, an independent financial services firm. Nearly $6 billion of assetsmanaged by the acquired team will transfer to MIM, under the terms of the transaction.
BNP Paribas has entered into a definitive agreement to acquire 100% of AXA InvestmentManagers – 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.
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. The post Assetmanager consolidation wave continues as two deals announced in 24 hours appeared first on The TRADE.
The TRADE’s other renowned awards categories returning to the stage include Trader of the Year, Multi-Asset Trading Desk of the Year, Fixed Income Trading Desk of the Year, and Buy-side Market Structure Expert of the Year. The post Leaders in Trading 2023: Voting now open for this year’s Buy-Side Awards appeared first on The TRADE.
Generali has entered a definitive agreement to acquire US-based Conning from Cathay Life in a deal that will see it become one of the largest assetmanagement firms in Europe. The deal joins a growing list of buy- and sell-side M&A deals announced this year.
The TRADE and SIX Swiss Exchange would like to extend a hearty congratulations to all of the following nominees. If you are a member of the buy-side community and would like information on attending please contact Karen Delahoy at karen.delahoy@thetradenews.com or Annabel Smith at annabel.smith@thetradenews.com.
Previously recognised individuals have gone on to head up some of the largest and most successful desks across leading assetmanagers and hedge funds. The TRADE is delighted to announce the Rising Stars of Trading and Execution for 2024, in collaboration with Instinet – a celebration of up and coming talent on the buy-side.
M&G’s global assetmanagement arm has appointed Manabu Fujita as head of M&A Investments Japan. Fujita joins from Schroders InvestmentManagement Japan, where he spent the last 15 years, most recently serving as head of sales. Fujita will report to Loretta Ng, M&G’s head of Asia Pacific.
These are set to be grouped under a newly created investmentmanagement solutions segment. It is one of the leading global investmentmanagement software providers, serving the largest assetmanagers and asset owners worldwide.” SimCorp has been valued at $4.3 billion as part of the transaction.
Over the last couple of years, Glimpse Markets’ data sharing network has gained significant traction with the buy-side, with firms including NN Investment Partners, Invesco, Columbia Threadneedle, Carmignac, Quonian, SEB InvestmentManagement and Mirabaud AssetManagement joining.
He also spent several years at Goldman Sachs in a risk management and product control role. Previously, Williams served as an investment account manager at Northern Trust. Fixed income investment banking boutique KNG Securities appointed Fernando Ortega as its new head of emerging market sales.
M&G’s global assetmanagement arm has secured a Securities Investment Consulting Enterprise (SICE) business license in Taiwan, allowing the firm to establish a new office in Taipei as part of its Asia expansion strategy. With our expertise and track record, we are well positioned to provide investment excellence.”
I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. Mike was building an investment team and process focused on idea generation and creative structuring.
GAM heads, Mark Hawtin and Jeremy Roberts, are set to join Liontrust AssetManagement in the coming months as head of global growth equities, and head of global distribution (ex UK), respectively. The deal, once completed, was set to create a global assetmanager with £53 billion in assets under management and administration.
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?
For much of 2023 private credit has kept its doors open for M&A. But the asset class has also carried over its caution from the second half of last year amid economic uncertainty and a tighter fundraising environment. “They know they have the advantage.” times, according to data from Configure.
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.
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 portfolio managers and management at LGIM America before I came over.
The active investmentmanager 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.
Nomura is set to acquire Macquaries US and European public assetmanagement business, in a push to expand the firms global capabilities. Through the move, Nomura will gain $180 billion in retail and institutional client assets across equities, fixed income and multi-asset strategies.
Assicurazioni Generali and BPCE have signed a Memorandum of Understanding which would see them become the leading assetmanagement player in Europe by revenue, with more than 1.9 trillion assets under management.
The acquisition comes as part of the bank’s growth strategy in alternative assetmanagement, promoting private debt and funds of funds verticals. With this acquisition, Santander emphasises its commitment to growth in the alternative asset sector. trillion assets under management.
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 This deal is understood to be a key step toward Clearwaters plan of building the first cloud-native front-to-back platform for the entire investmentmanagement industry.
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.
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