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Broadridge Financial Solutions has expanded its global market intelligence business with the acquisition of MackayWilliams, a specialist European fund market and research firm.
The acquisition will combine Broadridge’s fund data and analytics solutions with MackayWilliams’ leading insight into European mutual fund trends, brand perceptions and fund selector behaviour offering clients a more integrated and holistic view of retail and institutional markets across regions.
MackayWilliams provides proprietary sentiment and brand data from over 1,000 annual fund buyer interviews via its flagship solution, Fund Buyer Focus, as well as market research and trend analysis through subscription services that include Fund Radar
Following a marginal uptick in April, Societe Generale Prime Services’ SG CTA Index moved into negative territory in May, down 2.41 per cent for the month, despite being up mid-month.
Trend followers were the main drivers of losses in the second half of the month, and were down 2.72 per cent. Short-term CTA strategies handled the changing market conditions relatively well and ended May up +0.39 per cent.
The SG Trend Indicator had a difficult period and was down 3.50 per cent, leading to a reading of 13.30 per cent for the first five months of this year. Following
The vast majority (88 per cent) of buy-side traders see see the shift to block trading in the dark as a positive outcome of MiFID II, according to a new report from Liquidnet on the ability of traders to source liquidity in the European markets.
While the regulatory focus remains on lit price formation, the main challenge for institutional asset managers is the ability to uncover liquidity given their need to execute in size. The outcome when trading the ‘parent’ order can be far more impactful than any marginal price improvement at a ‘child’ fill level when taking all trading
Alternative investment management software and solutions provider eFront has appointed John Legrand as Managing Director and Senior Vice President Sales for the Asia Pacific region (APAC).
Legrand will directly lead the APAC sales team, coordinate the overall regional organisation, and represent eFront in the region. John comes to eFront with over 20 years of experience in the financial software industry across a variety of functions, from sales and business development to professional services, including over 8 years in the APAC region.
Tarek Chouman, CEO at eFront, says: “I am delighted to have John taking lead of the APAC region for
Law firm Proskauer’s Hedge Fund Group has launched a new ‘how to’ handbook which addresses common securities and trading questions and issues received by hedge fund clients.
Using real world problems based on actual client interactions, the handbook provides a practical, guided analysis of current trading and securities law topics.
The Group will be releasing one chapter covering a specific topic each month over the next five months, ultimately creating a concise, approachable resource guide for the financial and legal industries.
Proskauer says: “The trading activities of hedge funds raise a number of complex issues under the
AiX, the artificial intelligence broker, has completed the first ever trade brokered by an AI powered chatbot – a successful cryptocurrency transaction between Rockwell Capital Management and TLDR Capital.
Jos Evans (pictured), founder and CEO of AiX, says: “This trade is a milestone in AI innovation coming to the forefront of financial services. The potential for AI to revolutionise and benefit the sector is huge and we are proud to be a part of pushing this change forward.”
“Enabling AI technology to disrupt the inter dealer brokerage will make trading more efficient, transparent and cheaper for professionals and over
King & Spalding has appointed Erik Andersen, Elizabeth Gable and Jared Zaben as partners in the firm’s Corporate, Finance and Investments practice group.
The team has joined the firm’s New York office and advises financial institutions, alternative capital and debt funds, private equity funds, family offices and other money sources in real estate related transactions.
“Expanding King & Spalding’s transactional capabilities in New York and growing traditionally strong practices has been a deliberate strategic priority,” says Robert D Hays, Jr, chairman of King & Spalding. “The addition of Erik, Elizabeth, Jared and their team will give us additional depth and
Ipreo, a provider of financial services technology, data, and analytics, has partnered with global professional services firm, Alvarez and Marsal (A&M) to provide enhanced integration and optimisation of Ipreo’s Private Capital Markets (PCM) solution suite for alternative asset managers.
Ipreo PCM’s solutions enable private capital firms, their LPs, and service providers to manage the overall data flow across their respective asset classes. Ipreo’s iLEVEL platform is a private market portfolio management solution, and counts many of the world’s top private capital firms, fund managers, and institutional investors as clients.
A&M’s Alternative Investment Services group helps funds address complex challenges
Money.Net, an online platform for financial data and news, has partnered with Wall Street Horizon to provide desktop users with access to its corporate event data to further bolster its clients’ trading and risk strategies.
Event-related volatility, such as the movement of an earnings announcement, can drastically impact stock price. Therefore, having the ability to pinpoint when events move is a functionality that is in high demand among investors and traders. Through this partnership, clients will be able to utilise Wall Street Horizon’s data to research event-driven strategies, allowing them to more quickly identify signals and gain trading advantages.
Algomi, a network company providing information-matching solutions for the optimisation of fixed income liquidity, has appointed former MarketAxess EMEA COO, Scott Eaton, as CEO, effective immediately.
Eaton will focus on the further commercialisation of Algomi’s suite of fixed income solutions including its data aggregation and market surveillance tool Algomi ALFA.
Before his role at MarketAxess, Eaton was Global Head of Emerging Markets Trading with UniCredit and held a variety of leadership roles in credit trading and structuring at ABN AMRO, RBS, Deutsche Bank and UBS. Eaton is a dual US and UK citizen with a juris doctor from Georgetown
