Kevin Cronin, global head of equities trading at Invesco, which invests more than $500bn in shares, has questioned the usefulness of high-frequency trading, increasing pressure on a practice already under fire after recent mishaps.
Leading asset managers are calling for drastic reform at the Investment Management Association (IMA), the UK’s asset management trade body, with some arguing it should no longer be responsible for sector names or definitions.
A new bond interest group has been launched by the CISI, in partnership with the European Bond Commission (EBC) of the European Federation of Financial Analysts Societies (EFFAS).
A group of European third party hedge fund marketers is planning to establish an association to represent their industry and set out a code of conduct, in a further sign of the $2trn industry regulating itself.
The Organisation for Economic Co-operation and Development today recommends the UK government further increases the state pension age to combat rising costs.