The increase was driven by $3.6 billion in net flows and $1.5 billion from other factors, partially offset by $1.1 billion in negative investment performance. The group’s long-only strategies saw the most notable growth, with discretionary long-only assets rising by $4.4 billion to $33.2 billion, led by strength in credit and convertibles. Man Group estimated…
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Under the terms of the agreement, IAMI will provide investment advisory services to BNPP AM Europe in relation to an investment fund. The firm explained that the deal forms part of an ongoing distribution arrangement between Impax and BNP Paribas Asset Management across several international markets. As part of the agreement, BNPP AM Europe will…
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According to a Letter of Acceptance, Waiver, and Consent (AWC) published by the regulator, the New York-based investment banking firm failed to establish and implement policies and internal controls reasonably designed to comply with the Bank Secrecy Act. Notably, FINRA says the firm did not respond in a timely manner to Financial Crimes Enforcement Network…
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The transaction, approved by SK Growth shareholders on 30 March, sees SK Growth become a wholly owned subsidiary of Webull. As part of the SPAC deal, SK Growth’s ordinary shares and warrants were converted into those of Webull. Effective from 11 April, Webull’s ordinary shares, warrants, and incentive warrants began trading under the tickers “BULL”,…
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The expansion includes the launch of OKX’s centralised exchange and OKX Wallet, with regional headquarters established in San Jose, California. As part of the expansion, the firm said existing OKCoin users will be migrated to the OKX platform, gaining access to “deeper liquidity, lower fees, and advanced trading tools.” “I’m thrilled to announce the launch…
Read moreThe move expands its suite of equity derivatives products aimed at both retail and institutional investors. The new options, which began trading on 14 April, are said to be based on the S&P 500 Equal Weight Index, where each constituent is weighted equally at 0.2% following quarterly rebalancing. Cboe explained that, unlike the traditional capitalisation-weighted…
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The solution is said to be designed to simplify global commerce for small and medium-sized enterprises (SMEs). The firm said in a press release that the new offering aims to streamline cross-border transactions and reduce operational costs, providing enhanced global reach, security, and cost efficiency. They added that the World Card allows users to pay…
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Announced on Wednesday, the collaboration is said to let Webull users in APAC invest in fractionalised US Treasuries and a broader selection of fixed income assets via GTN’s integrated single API framework. The firm explains that the technology enables access to market data, trading, and account management — all through Webull’s mobile trading platform. “…
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In a press release on Sunday, CME noted that the post-trade solutions provider, formed in 2021, has grown into a critical infrastructure player in the global over-the-counter (OTC) derivatives market. The enterprise value of the transaction will be split equally between S&P Global and CME Group, which each hold a 50% stake in OSTTRA. The…
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Speaking about the award, Miguel Marcos, Exness Regional Commercial Director, expressed, “Winning the Best Broker in LATAM award at iFX EXPO LATAM is a tremendous honor and a testament to the value we place on our affiliate partnerships. We are proud to be recognized for our strategic expansion in LATAM and look forward to deepening…
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