When it comes to the implications for pension fund investors, David Walmsley, noted Canadian plans have generally done well when it comes to solvency and funding levels.
According to Greenwich Associates, the new MiFID II rules on payments for investment research have already shrunk the market for European equity research by an annual $300 million, and the ultimate impact of the regulations likely won’t be evident...
Markus Ohlig said: “Although this debt is often unrated, it has historically shown low default rates, due to factors such as asset-backed structures or implicit government guarantees in infrastructure debt.”
Meanwhile in the ETF space, we are seeing unprecedented growth, with over $350 billion of new investment in 2015 alone (Greenwich Associates).
Morgan Stanley and Bank of America Merrill Lynch tied at the top of a ranking of last year’s Asian equity trading share, as a surge in market valuations and a rebound in activity boosted brokerages in the region, according to Greenwich Associates.
One-third of equity traders surveyed at U.S. buy-side firms say automated market-making firms exist primarily to collect incentives paid by exchanges, according to a Greenwich Associates report.
"The case for principle trading firms combining forces is only getting stronger," said Kevin McPartland.
Currently, only about one third of Asian institutions include quantitative investment strategies in their portfolios, according to a recent study by Greenwich Associates.
"I think it’s a good addition to the market, as buyside traders consistently tell us that finding small/midcap liquidity is one of their biggest challenges," said Richard Johnson.
One important consideration that gets overlooked in corporate-bond liquidity research and data is that of the trades that don’t get executed, either because they don’t find the “other side” out in the market, or they don’t even make it to the...
