In The News

Greenwich Associates, a research firm, also sees signs that banks are hiring bond traders. 

"Trading desk reduction and subsequent personnel upgrades (hiring more people that are tech savvy in lieu of old-school-only traders) is behind us,” Kevin McPartland said.

European institutions paid about $2.9 billion in cash equity commissions for the 12 months through June, according to Greenwich Associates. Of that amount, 46 percent was used to pay for equity research and advisory services.

Money managers’ pay will come under pressure in 2018 as the asset management industry scrambles to manage rising costs and increased competition from cheaper passive funds, according to Greenwich Associates.

Hedge funds and asset management firms are expected to increase bonuses for their employees by an average of 7% this year, according to a new research by Greenwich Associates.

Money managers’ pay will come under pressure in 2018 as the asset-management industry scrambles to manage rising costs and increased competition from cheaper passive funds, according to Greenwich Associates.

Last week I heard of a bank that employs 40,000 compliance officers — which seems incredible. So perhaps it’s not surprising that regtech expenditure for fixed income trading desks alone tops $20bn, according to a Greenwich Associates report.

Industry data show that corporate debt issuance doubled from about $750 billion in 2005 to $1.5 trillion in 2016, noted Kevin McPartland.

“It’s also a good time to be young,” William Llamas noted in the 2017 Asset Management Compensation report. It is also good to have a technical focus.

According to Greenwich Associates, 94 percent of the 46 sell-side fixed-income traders taking part in a recent study said they are spending more time speaking with compliance.