Mitsubishi UFJ Financial Group (MUFG) quietly announced what could turn out to be a major wave in the global asset management industry. MUFG, the holding company for commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing services, recently announced that it has begun implementing an asset management (AM) business strategy that… Read More >>
Firms Are Rushing to Get Faster Data
Traditional financial institutions such as asset managers will have to embrace the speed of change if they want to speed up data velocity, according to SIX, an exchanges company and market and reference data provider. This was one of the main takeaways from the 2023 annual “Future of Finance” report from SIX. Nearly half, or… Read More >>
Consolidation is Coming for Asset & Wealth Management Firms
All of a sudden, asset and wealth managers are facing an existential crisis. That’s what a key survey of asset and wealth managers has revealed, according to a report from PwC. “One in six (16 percent) asset and wealth managers globally are expected to be swallowed up or fall by the wayside by 2027, twice… Read More >>
SEC’s New Proxy Adviser Rule Stirs Old Woes
The SEC’s recent 3-2 vote to undo key provisions of a Trump-era rule governing proxy advisory firms has fanned the flames of controversy even though the stated goal was to bolster the independence and timeliness of these providers’ offerings. In fact, a major proxy-advice vendor, Institutional Shareholder Services (ISS), wanted the SEC to rescind the… Read More >>
ICE Buys the ‘VIX for Bonds’ Index
ICE Buys Merrill Lynch Option Volatility Estimate Index Family Exchange operator Intercontinental Exchange, Inc. (ICE) will be acquiring a family of fixed income volatility indices, including the Merrill Lynch Option Volatility Estimate (MOVE) from Bank of America Merrill Lynch to further help clients manage risk, officials say. “The MOVE Index has a long history of providing… Read More >>
CFTC Entices More Prime Brokerages to Use SEFs
CFTC Issues No-Action SEF Relief for Prime Brokers Prime brokerages are getting new encouragement to trade swaps via swap execution facilities (SEFs), according to a recent action via the CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO). Officials at the division announced that they will provide no-action relief to facilitate prime brokerage activities on… Read More >>
BlackRock Builds Aladdin Web App for Investor Research
(Editor’s note: A while back the data science division of BlackRock, which has assets under management (AUM) of $5.7 trillion as of June 30, 2017, was looking for a way to provide more dynamic access to resources, including the widely used Aladdin platform, a.k.a. Asset Liability and Debt and Derivatives Investment Network. Aladdin offers investment… Read More >>
Half of U.S. Asset Managers Reject Social Media: Report
Only half of the top 200 asset managers in the U.S. have embraced social media, according to the results of a new survey. This failure to use social media could hurt firms in the long run, analysts say. The survey, released by public relations consulting firm BackBay Communications, covers investments management firms with assets under… Read More >>
TCW Group Fills Senior Marketing Role
Global asset manager TCW Group has hired Heather Conforto Beatty as a senior vice president on the institutional marketing team, officials say. In her new role, Beatty will manage relationships with institutional investment clients on the West coast. She will be based in Los Angeles and will report to Joe Carieri, group managing director and… Read More >>
SimCorp Opens a Portal on Everything IBOR
Investment management systems vendor SimCorp has launched an Investment Book of Record (IBOR) portal on its webpage, a move aimed at raising awareness and providing context in response to what SimCorp says is a recent heightened demand for IBOR solutions. An IBOR centralizes positions information across all asset classes on an intraday basis, providing a… Read More >>
