Hints and tips:
...“As assets scale, headcount (and with it their cost base) tends to grow on a linear basis,” said a report last year by Goldman Sachs prime brokerage....
...In March 2020 Schonfeld Strategic Advisors was rocked by the market turmoil unleashed by the pandemic....
...At the time, the ETF industry was dominated by passive funds that tracked an index such as the S&P 500 and was run by players like BlackRock, Vanguard Group and State Street Global Advisors....
...“It’s a lot easier to underwrite a 10-year lease from Apple than underwrite a series of six-month leases with some risk,” said Eric Willett, managing director of RCLCO Real Estate Advisors....
...It lasted until 1962, when antitrust regulators forced MCA to quit the agency business as the price for acquiring Universal Pictures....
...According to court documents filed in connection to the pleas, brokers at TFS-ICAP Limited and TFS-ICAP LLC would show fake trades in Latin American FX options to traders in New York to create the false...
...• State Street Global Advisors has promoted Lochiel Crafter to head of its global institutional group with responsibility for distribution efforts worldwide....
...Comcast’s NBCUniversal owns the NBC broadcast network, as well as portfolio of cable channels and the Universal film studio and it is also an investor in Hulu....
...aversion campaign,” Citi’s FX analysts said on Friday....
...“I don’t think it’s an accident waiting to happen, but it’s something to watch,” says Dean Curnutt, chief executive of Macro Risk Advisors....
...They also write software that’s meant to game the system, Just look at Volkswagen. or “last look,” to extend the FX comparison....
...Anyone who’s been spammed by the retail FX scamsters of Cyprus and Israel will know these as binary options. Coin-flipping dressed up to sound like sexy, complex finance....
...Mr Yesilhark was among a team of four that joined Carmignac in January 2014 following the closure of SAC Capital Advisors hedge fund in London, part of Carmignac’s expansion plans in the UK....
...The charity helps prevent HIV in Africa through the universal language of football. Hats off to Gregg Lemkau, co-head of global M&A at Goldman Sachs, who is the incoming chair of the GRS board....
...Chinese stocks remained in focus as new rules aimed at limiting short selling were introduced and several brokerages suspended their securities lending businesses....
...Wells Fargo Advisors, the brokerage arm of the US bank, has poached two senior advisers, Michael Blaustein and Maureen Clancy, from Barclays Capital....
...State Street Global Advisors has appointed Ronald O’Hanley (pictured) as president and chief executive....
...Costs are rising in FX prime, as well as in broader prime brokerage, while banks remain under pressure to boost overall returns for shareholders....
...This is the result of falling brokerage commissions and a move to make investment managers pay directly for research they use, rather than passing the cost on to clients....
...Mr Voetsch was formerly executive vice-president responsible for global equities, electronic equity and FX platforms, while Mr Galligan and Mr Sung came from Canaccord Genuity and Bank of America Merrill...
...“For most of the guys in the brokerage business in the 1990s they never had any exposure to actual businessmen, so the only way they knew what they were supposed to be wearing was from the movies....
...Despite the charges, brokerage firms including Goldman Sachs, Morgan Stanley, Bank of America and JPMorgan Chase have continued to provide services to SAC, and were expected to continue doing so....
...NEWS Switzerland’s financial regulator announced it is probing banks over possible FX market manipulation....
...Supposed to eke out low-risk profits from pricing anomalies, Mr Cohen had an appetite for risk-taking that the brokerage firm Gruntal & Co eventually encouraged, allowing the young trader to thrive in the...
...Mr Gutfreund paid a $100,000 fine to settle and agreed to be banned from serving as a chief executive of a brokerage firm....
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