Two Sigma Acquires the IP of Alternative Data Software Firm Hivemind
Four years after being spun off by London-based hedge fund Winton Group, the data management software developed by Hivemind now resides with New York-based hedge fund Two Sigma. Two Sigma ...
1010data Sells Buy-side Business to Transaction Data Provider Facteus
Venerable alternative data provider 1010data exited the buy-side segment to focus on retail-oriented companies. Facteus, a transaction data provider increasingly competing against Yodlee and other established vendors, purchased 1010data’s buy-side ...
Zelman Sells Firm to Mortgage Broker
After fourteen years running her own research boutique, Ivy Zelman completed the sale of Zelman & Associates to leading commercial real estate lender Walker & Dunlop. Terms were not disclosed. ...
Why is BNP Paribas In-sourcing Exane’s Equities?
While other banks are shutting down or outsourcing their equities businesses, BNP Paribas plans to buy the half of Exane it doesn’t own. Does BNP Paribas know something that other ...
Over Two Dozen Banks Have Exited or Restructured Equities Units
Commerzbank’s recent plan to shut down its equities unit is part of a broader trend of restructuring the low-margin business. By our count, twenty-five banks have re-engineered their equities units ...
Commerzbank to Exit Equities
Emulating rival Deutsche Bank, Commerzbank will be shutting down its equities business as part of a larger restructuring plan. Commerzbank is searching for a partner willing to provide outsourced equity ...
Alt Data Firm 7Park Folded into Apptio
After being acquired in 2018 for $100 mln by private-equity firm Vista Equity Partners, alternative data aggregator and analytics provider 7Park Data was recently folded into another one of Vista’s ...
Alternative Data Firm Suburbia Bites the Dust
Amsterdam-based Suburbia.io, a vendor of European point-of-sale (POS) data, has shuttered as its staff left for other jobs and its CEO accepted a position with Nasdaq’s Quandl. Suburbia’s founder and ...
Tricumen: HSBC Will Make Deeper Cuts to Equities
To compensate for bad coronavirus loans, HSBC will likely downsize further than it originally planned. According to Tricumen, a UK-based market intelligence provider specializing in investment banks, HSBC will gut ...
Established Boutique Buckingham Research Bites the Dust
Independent brokerage firm Buckingham Research Group is winding down through the end of next month, blaming a deteriorating environment for equity research. However, we suspect the more immediate cause was ...