Pimco Hires from Bayside Capital Pimco, the Newport Beach, Calif.-based investment management firm, reports that it has hired Lionel Laurant as an executive vice president and portfolio manager focusing on distressed credit strategies. He will be based in the London office, reporting to Marc Seidner, managing director and chief investment officer — non-traditional strategies. Laurent… Read More >>
ITG Slapped with Record $20M Alternative Trading Penalty
The SEC reports that NewYork City-based ITG Inc., an execution broker and research provider, and its AlterNet Securities affiliate have agreed to pay $20.3 million to settle charges that they operated a secret trading desk and misused the confidential trading information of dark pool subscribers. ITG agreed to admit wrongdoing and pay disgorgement of $2,081,034… Read More >>
ITG to Aide Buy-Side to Buy-Side Trades via Bondcube
Bondcube, a fixed income trading platform, has appointed execution broker ITG as a U.S. trading intermediary for Bondcube’s buy-side to buy-side trades, officials say. For the new role, ITG will facilitate the settlement of trades between buy-side participants. In addition, the partnership will increase the probability of a match for clients of ITG and Bondcube… Read More >>
ITG Taps Citi for Top U.S. Sales Post
Execution and research broker ITG has hired Timothy Reilly from Citigroup Global Markets to be managing director, head of electronic execution sales, officials say. Reilly, who will take his post in late August, will oversee U.S. sales efforts across the ITG’s electronic brokerage, platforms and analytics product groups, officials say. At Citigroup, Reilly served as… Read More >>
Case Study: Delaware Investments and the Cloud
Philadelphia-based global asset manager Delaware Investments is a firm believer that vendors can generally do a better job of hosting and managing the systems they create than internal IT and operations staffs. That is the main reason Delaware Investments opted for a private cloud, enterprise-wide implementation of the Investment Management Solution (IMS) system from Charles… Read More >>
