Currency convergence a boon for struggling managers

The convergence of developed and emerging country currency markets will provide forex traders with a chance to break their three-year run of negative returns, according to the head of global macro strategy for State Street Global Markets, Michael Metcalfe.

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State Street researchers look to attack market impact losses

State Street Global Markets is developing a system to reduce the two largest costs associated with portfolio transitions – market impact and opportunity cost – while at the same time producing new research to show how its off-market trading reduces the other ‘implicit’ costs.

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JPMorgan to import private equity admin support

JPMorgan’s Private Equity Fund Services division will import a full-time client contact person from New York to Sydney early next year, acting on feedback that several of its large super fund clients need better administration of their growing private capital portfolios.

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Single-stock flow data to put managers under more scrutiny

State Street Global Markets will launch next year the next phase of its funds flows information service, through the Global Link trading solutions, which will for the first time allow clients to analyse the flow of money into individual stocks around the world.

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