Thalēs

If you weren't able to join us last week, you missed an opportunity to join fellow institutional investors in witnessing a dynamic Agora Conference where a diverse group of #emergingmanagers and investment leaders shared invaluable insights on a range of strategies and asset classes. From discussions on #macromarkets and emerging strategies to exploring institutional-grade investments in #neurotechnology and #digitalassets, these perspectives provided a fascinating glimpse into the future of finance. Luckily for all, replays of the Agora Emerging Managers Conference are now available exclusively on Agora for you to enjoy from the comfort of your home, office, or seat on the train. Catch up on the sessions you enjoyed, the ones you missed, and connect with the emerging #fundmanagers about strategies that best suit your investment mandates. https://lnkd.in/ennm8u2P

Our monthly FCM analysis reveals a pivotal shift in March 2024. FCM Customer Funds rebounded with a $5.602B increase—the first uptick this year, signaling renewed investor confidence despite being $38B below its May 2022 peak. While J.P. Morgan retains the top spot over Goldman Sachs, the narrative this month centers on lower-ranked FCMs. StoneX Group Inc. led with an 11.16% surge, contrasting Wells Fargo's 10.34% drop and two-spot slide. In absolute terms, Societe Generale (+$1.463B) and JP Morgan (-$702M) were the most significant movers. Take a peek at our dashboard to uncover more: https://lnkd.in/ezVYkKzY #derivatives #derivativestrading #brokerageservices #futurestrading #commodities

In February 2024, FCM Customer Funds experienced another slight monthly decrease, with a loss of $894M following a $472M loss in January 2024. This dip comes after a solid two-month gain of approximately $15.2B in November and December 2023. The battle for the top spot between J.P. Morgan and Goldman Sachs continued, with JP Morgan emerging on top in February. Within the Top 10 FCMs, the only other shift was seen between Barclays and Citi, as Barclays moved up to the 6th position, pushing Citibank down to #7. Looking at the FCMs ranked 10th-20th, ADM climbed one spot to #12, Marex also moved up one spot to #13, while Wells Fargo slipped two spots to #14. HSBC and ABN AMRO Clearing Bank both made significant jumps, landing at #18 and #19 respectively, while RBC dropped two spots to #20. ABN AMRO boasted the largest percentage increase at 10.54%, closely followed by Barclays at 9.61%. On the flip side, Wells Fargo saw the biggest percentage decrease at 9.01%, with Mizuho following at 8.77%. In terms of actual dollar amounts, Barclays led the way with a $1.85B increase, with JP Morgan close behind with a $1.54B increase. Conversely, Bank of America experienced the largest decrease with a $1.88B drop, followed by Citigroup with a $1.37B decrease.

#InstitutionalInvestors - With less than 24 hours remaining, we wanted to make sure you don't miss out on the agenda we have lined up for institutional investors tomorrow, exclusively on Agora, our #capitalintroduction platform. If you haven't already, take a look at the agenda featuring speakers from institutions like KKR and Millennium, as well as presentations from #emergingmanagers worth getting to know. Whether or not you can join us virtually tomorrow at the Agora Emerging Managers Conference, be sure to register today to access the replays on-demand, available only on Agora: https://lnkd.in/ennm8u2P #capitalintroduction #capitalraising #cryptotrader #managedfutures #energytrader #structuredcredit #hedgefunds #mentalhealth #geopolitics #globalmacro #emergingmarkets

#InstitutionalInvestors - Here at Thalēs, we believe in the power of knowledge sharing and understand that our collective progress relies on our community's ability to embrace and act upon innovative ideas. That's why we are thrilled to introduce the lineup of managers headlining the upcoming Agora #EmergingManagers Conference next week. Don't miss the opportunity to hear insights directly from Ryan Bendixen, CFA, Erik Buischi, Roger Hagborg, Derek Stroke, Mads Thamsborg, and Jaime Valdivia. We are grateful to our speakers and kindly encourage you to spread the word about this event to others in your network who would find value in attending. Save your seat today and help us spread the word: https://lnkd.in/ennm8u2P

#InstitutionalInvestors - Join us next week at the Agora #EmergingManagers Conference and gain valuable insights into the evolving #crypto landscape for institutional investors. In a fireside chat with Vadim Khramov, we will explore the current state of #cryptomarkets and adoption by institutional players, highlighting recent infrastructure developments to support large investor involvement. We will cover all areas that institutions must evaluate for crypto exposure. Save your seat today: https://lnkd.in/ennm8u2P

#InstitutionalInvestors - Join us at the Agora #EmergingManagers Conference for a webinar featuring Paritosh Singh from Millennium. Gain valuable insights on the latest trends impacting talent in #hedgefunds and discover Millennium's successful strategies for attracting, developing, and retaining top professionals. Explore innovative ways for hedge funds to adjust their #talentstrategies in response to the ever-changing industry landscape. Join us for a forward-thinking perspective on the crucial workforce challenges faced by hedge #fundmanagers. Save your seat today: https://lnkd.in/ennm8u2P

#InstitutionalInvestors - Join us at the Agora #EmergingManagers Conference for an engaging discussion with Dr. Amy Kruse, CIO at Satori Neuro. With a wealth of experience in #neuroscience and #mentalhealth, Dr. Kruse will share her insights on evaluating investment opportunities in this vital sector. The session will explore her strategies for fostering portfolio company growth and the importance of diversity in driving innovation in mental health. This fireside chat is an opportunity to learn about investing in mental health tech and therapies, with Dr. Kruse offering valuable perspectives on overcoming challenges in the field. Save your seat today!

#InstitutionalInvestors - Register today for an exclusive keynote session featuring Vance Serchuk, renowned geopolitical expert and KKR executive, at the upcoming Agora Emerging Managers Conference. Delve into the latest geopolitical developments shaping global markets and economies and discover valuable strategies to assess geopolitical risks and their potential impact on investments. Begin your day with a well-rounded perspective on navigating the investment landscape in today's ever-changing geopolitical climate. Save your seat now: #AgoraConference #Allocator #EmergingManagers #Hedgefunds

January saw some major moves in customer funds at our top FCMs. The headline story was Goldman Sachs regaining the #1 FCM spot from J.P. Morgan, though those two titans keep swapping the top positions. The rest of the Top 10 remained stable. Where things got interesting was just outside that Top 10. BNP Paribas and RBC made big moves up the ranks, posting double-digit percentage increases in customer funds. On the flip side, HSBC fell 3 spots with the largest percentage decline of over 10%. In dollar terms, Morgan Stanley saw the biggest $860 million increase, while Barclays took the steepest $1.96 billion hit. No other FCM was even close to those massive movements. Outside the numbers, we had one new FCM registration (Webull Financial) and one name change as Marex North America LLC became Robinhood Derivatives LLC. Monthly tracking of all CFTC-registered FCMs is available via our FCM Dashboard, accessible to all seeking the latest intelligence. #derivatives #derivativestrading #brokerageservices #futurestrading #commodities