GAM raises spectre of illiquidity and redemption
By Pia Hecher.
Global Asset Management (GAM) fund boards suspended all subscriptions and redemptions in its unconstrained/absolute return bond funds (ARBF) on 31 July 2018....
Tradeweb announces first fully electronic SOFR swap spread trade
Market operator Tradeweb reports it has completed the first fully electronic institutional Secured Overnight Financing Rate (SOFR) swap spread trade. BlackRock and JP Morgan...
US unbundling does not impose fiduciary execution rules on dealers
By Flora McFarlane.
US banks are able to unbundle trade execution and research payments without incurring fiduciary responsibility for trade execution. Following a lengthy process...
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RBC hires Sayers from Citi to lead HY sales
Joe Sayers has joined RBC Capital Markets from Citi as head of high yield and loan sales, based in London and reporting to Janet...
‘HUB’ approach to buy-side middle and back office unites rivals
A new technology-led company, HUB, is being formed to build a cloud-based operating platform aimed at transforming asset managers’ operations technology.
The firm is being...
Investor Demand: IG private credit creates ‘attractive entry points’ for investors
Research by Aviva Investors has broken down the illiquidity premia paid via private debt markets, noting that it is improving for investors, even as...
Symphony’s new president outlines his vision
Brad Levy, the new president and chief commercial officer (CCO) of Symphony, the capital markets communication network, has outlined his vision of the company’s...
2020: Finding positives in a tough year
While 2020 was a tough year on many levels, Lee Olesky, CEO of Tradeweb, has tried to pick out the positives from a market...
Hermes appoints Andrew Jackson as head of Fixed Income
Hermes Investment Management, which has £30.6 billion in assets under management, appointed Andrew Jackson as head of Fixed Income, reporting to Eoin Murray, head...
Liontrust promotes McLoughlin and Hendry
Matthew McLoughlin (see profile here), partner and head of trading at Liontrust Asset Management, has been promoted to chief commercial officer, in addition to...
