Pensions & Investments: Andrew McCollum said fears of change among fiduciaries and manager issues like the internal complexity of making such a structural change, along with the lack of innovation in fee structures in general, makes such...
Financial Times: A report from Greenwich Associates found that European fund managers had cut their 2018 equities research budgets by 20 per cent, or $300m, compared with the previous year.
Bloomberg: “The crown jewel of NEX is BrokerTec,” said Kevin McPartland. “Since this is a U.S. firm buying a market for U.S. debt,” it can be seen as a logical step for CME, he added.
Euromoney: “Trade finance is not a class on the radar of investors – they don’t know much about it. It could take up to 18 months for it to pass the scrutiny of the investors and be available as an investible asset," says Markus Ohlig.
Financial Times: Kevin McPartland points out that banks have also adapted their trading, and are as likely to trade futures as they are the cash market.
Reuters: Greenwich Associates estimates that trading in rate futures can be as much as 70 percent cheaper than doing the equivalent trade with a centrally-cleared interest rate swap.
Pensions & Investments: 24% of institutional investors surveyed in November and December by Greenwich Associates said the most important attribute in hiring a money manager was the ability to achieve high returns.
Bloomberg: Investors are finding that electronic-trading technology has matured to the point where three quarters of credit investors say they can easily buy or sell orders up to $5 million, according to Greenwich Associates. That...
Traders: “A decade on from the financial crisis that triggered balance sheet reductions by major bond dealers and drained liquidity from fixed-income markets, institutional corporate bond investors are finally feeling some relief,” said Kevin...
Bloomberg: Institutional investors are raising their allocations to so-called focused strategies -- defined as portfolios holding 50 names or fewer -- and distributors are increasingly recommending them to clients...
