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Thomson Investment Management News (Thomson IM News) is a wire service and website aimed at clients in the European institutional fund management and pension fund industry. It is part of Thomson Financial News, itself part of Canadian publishing and data group Thomson Corporation.
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.
The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organisation Ltd (ITOL) and Thomson Newspapers. In 2008, it purchased Reuters Group to form Thomson Reuters. The Thomson Corporation was active in financial services, healthcare sectors, law, science and technology research and tax and accounting sectors. The company operated through five segments : Thomson Financial, Thomson Healthcare, Thomson Legal, Thomson Scientific and Thomson Tax & Accounting.
Thomson IM News was launched in October 2005, when Thomson Financial hired London-based financial newswire AFX News to provide content for IM clients of its Thomson ONE platform.
That cooperation presaged the acquisition of AFX News by Thomson Financial to form Thomson Financial News (TFN). TFN will be merged with the editorial team at Reuters if the merger between Thomson and Reuters is given regulatory approval.
Reuters is an international news organization. It is a division of Thomson Reuters and has nearly 200 locations around the world. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data. Since the acquisition of Reuters Group by the Thomson Corporation in 2008, the Reuters news agency has been a part of Thomson Reuters, making up the media division. Reuters transmits news in English, French, German, Italian, Spanish, Portuguese, Russian, Urdu, Arabic, Japanese, Korean, and Chinese. It was established in 1851.
Thomson IM News is based in London and run by a team of seven reporters led by the Editor Joel Dimmock. It also takes copy from TFN markets and companies reporters and freelance contributors.
The Thomson IM News wire is heavily focused on the UK and European fund management and pensions industry. Items range from news on fund launches and people moves to changes in asset allocation and mandate wins. The editorial team has a stated aim to generate exclusive news on the industry which is highlighted in a Pick of the Weeksection on the website.
Asset allocation is the rigorous implementation of an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investor's risk tolerance, goals and investment time frame. The focus is on the characteristics of the overall portfolio. Such a strategy contrasts with an approach that focuses on individual assets.
There is a major stream of analysis stories which pool comments from fund managers to build a market view of specific asset classes, regions or sectors. These items are also split out into a separate section.
In finance, an asset class is a group of financial instruments which have similar financial characteristics and behave similarly in the marketplace. We can often break these instruments into those having to do with real assets and those having to do with financial assets. Often, assets within the same asset class are subject to the same laws and regulations; however, this is not always true. For instance, futures on an asset are often considered part of the same asset class as the underlying instrument but are subject to different regulations than the underlying instrument.
TFN reporters provide the final stream of content in the form of breaking news on the financial industry and on stock market movements.
Thomson IM News provides a wire feed of about 100 stories a day to Thomson ONE clients in the fund management industry. The content is most visible though on its website here.
Stories produced by Thomson IM News reporters also appear on the TFN newswires.
Thomson IM News has won the SSgA Institutional Press Award for Pensions Journalist of the Year in its segment for two years running. Cecilia Valente won in 2006 and Joel Dimmock picked up the same award in 2007.
There are a range of financial publications which touch on the same areas of coverage as Thomson IM News. These include News Corp-owned Financial News, CityWire and IPE, as well as a series of smaller niche publications. Both Bloomberg and Reuters also have journalists which cover similar areas.
The Financial Times (FT) is an English-language international daily newspaper owned by Nikkei Inc, headquartered in London, with a special emphasis on business and economic news.
An investment bank is a financial services company or corporate division that engages in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
Neuberger Berman is a private, independent, employee-owned investment management firm. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutional investors, advisors and high-net-worth individuals. In 2016 it was rated the #1 Best Place to Work in asset management amongst firms with greater than 1,000 employees.
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises. Financial services companies are present in all economically developed geographic locations and tend to cluster in local, national, regional and international financial centers such as London, New York City, and Tokyo.
A financial analyst, securities analyst, research analyst, equity analyst, investment analyst, or rating analyst is a person who performs financial analysis for external or internal financial clients as a core part of the job.
Investment management is the professional asset management of various securities and other assets in order to meet specified investment goals for the benefit of the investors. Investors may be institutions or private investors.
Perella Weinberg Partners L.P. is an independent, privately owned, global financial services firm providing corporate advisory and asset management services to clients around the world. Founded in 2006 by Joseph R. Perella, Peter Weinberg, Terry Meguid and several other partners from financial institutions, the firm is a private partnership with approximately 650 employees. It is headquartered in New York City with offices in London, Abu Dhabi, Dubai, Denver, San Francisco, Calgary, and Houston.
Sberbank CIB is a multinational investment banking and asset management firm headquartered in Moscow, Russia, and a subsidiary of Sberbank. It was founded in Moscow in 1991, and was formerly known as Troika Dialog.
ATON is one of the oldest investment companies in Russia. It was founded in 1991 by Evgeny Yuriev. ATON operates in 27 Russian cities, managing a total of 79 000 client accounts. ATON’s headquarter is in Moscow.
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can be more complex and labor-intensive.
Thomson Reuters Corporation is a Canadian multinational mass media and information firm. The firm was founded in Toronto, Ontario, Canada, where it is headquartered at 333 Bay Street in Downtown Toronto. Thomson Reuters shares are cross listed on the Toronto Stock Exchange and the New York Stock Exchange.
Robert W. Baird & Co. is an American multinational independent investment bank and financial services company. It is the principal U.S. operating subsidiary of Baird, an international, employee-owned financial services firm providing investment banking, capital markets, private equity, wealth management, and asset management services to individuals, corporations, institutional investors, and municipalities.
Markit Ltd. was a global financial information and services company with over 4,000 employees, founded in 2003 as an independent source of credit derivative pricing. The company provides independent data, trade processing of derivatives, foreign exchange and loans, customised technology platforms and managed services. The company aims to enhance transparency, reduce financial risk and improve operational efficiency. Its client base includes institutional participants in the financial marketplace. On 12 July 2016, Markit and IHS Inc. merged in an all-stock merger of equals to form IHS Markit.
Liongate Capital Management was a global investment management firm, focused on creating and managing fund of hedge fund investments for institutional and private investors. Liongate, founded in 2003 by Jeff Holland, Ben Funk and Randall Dillard, managed a range of funds of hedge funds in both commingled funds and tailored, single client portfolios. The firm, which at it peak managed over USD 3 billion with an additional USD 4 billion in assets under advisory, had a global reach with offices in London, New York, Zurich, Dubai, Malta and Mumbai. The Liongate partners sold the firm to Principal Financial Group in 2013 as the large US insurer and asset manager wanted a hedge fund research platform in order to quickly ramp up retail hedge fund distribution in the US.
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFI facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. Alan Greenspan has identified the role of NBFIs in strengthening an economy, as they provide "multiple alternatives to transform an economy's savings into capital investment which act as backup facilities should the primary form of intermediation fail."
Comtex News Network, Inc. is a distributor of news on the Internet, specializing in the business and financial market sectors. The company is a wholesaler of electronic real-time news and content gathered from thousands of sources, including national and international news bureaus, agencies and publications. Comtex enhances and standardizes the content received from such sources in order to provide editorially consistent and technically uniform products to its customers. Its processing includes adding stock ticker symbols, indexing by keyword and category and converting diverse publisher materials and formats into the industry standard delivery format NewsML, an XML derivative. The company slogan is "Relevant. Reliable. Real-Time."
The Exchange Telegraph Co. Ltd. was created in March 1872 specifically to distribute financial and business information from the London Stock Exchange and other commercial markets direct to subscribers. The company established ticker tape telegraph machines in offices, gentlemen's clubs, banks etc. and provided a continuous stream of commercial information to them.
Union Bancaire Privée was founded in 1969 by Edgar de Picciotto. It is one of the most highly capitalized private banks, and a major player in the field of wealth management in Switzerland with CHF 126.8 billion of assets under management.
IRESS is an Australian software company specialising in the development of software systems and services for financial markets and wealth management.