Join Roy Zimmerhansl with guest John Arnesen to go through a wide ranging review of securities finance over 2021 from GameStop at the beginning of the year, through IPOs and SPACs that had a major impact on revenues, on to Korean short selling bans expiring and much much more. The episode includes a special announcement from John. Pierpoint Connections You can reach Roy Zimmerhansl at roy@pierpoint.info and on LinkedIn at www.linkedin.com/in/royzimmerhansl Pierpoint website LinkedIn T...

David McIntosh and Doug Reay, both Managing Directors of Blue Fire AI provide listeners with fascinating insights into the use of Artificial Intelligence in portfolio risk management and investment decision-making. They provide real-life examples (such as Wirecard) of the strengths and limitations of AI in the investment process, identifying how it can be used effectively to augment human decision making, providing information that just can't be comprehensively compiled any other way. ...

Chris Hagstrom CEO, Kayenta, identifies the challenges in the hedge fund treasury space and takes host Roy Zimmerhansl through how Kayenta is addressing those issues. Some themes consistent with the wider securities finance ecosystem arise, such as lack of standardisation. The problems Kayenta is looking to solve go straight to the bottom line for their clients, but what does it mean for service providers? Explore these and other topics with Chris and Roy. You can find out more ...

Ben Arnold and Michael Ashby of Meraki Global Advisors meet with Pierpoint Perspectives host Roy Zimmerhansl and speak with him on outsourced trading, the different models and the reasons why asset managers of all types may want to consider outsourced trading. There are lessons to be learned and applied to a range of businesses, including securities finance. You can find out more about Meraki at their website Reach out to Ben or Michael via their LinkedIn profiles: Ben Arnold Michael Ashby ...

Darren Crowther and Vishal Agrawal of Broadridge join host Roy Zimmerhansl to discuss technology - the current state; the existing and potential applications for robotics and artificial intelligence; and the disruptors that are already influencing the thinking of financial market participants. Broadridge LinkedIn connections: Darren Crowther https://www.linkedin.com/in/darren-crowther-a8103421 Vishal Agrawal https://www.linkedin.com/in/vishalagrawal1999 Pierpoint Connections You can re...

Mark Faulkner, Co-Founder Credit Benchmark engages in a wide-ranging discussion with host Roy Zimmerhansl covering Basel IV, Peer-to-Peer, Pledge Collateral, Indemnifications, and even 'meme stocks'. Timeline 00:00 Introduction 2:45 New developments at Credit Benchmark 6:30 Importance of Basel IV to Securities Finance 9:30 Unrated entities – wider impact than Securities Finance 16:00 Absorbing the cost, GC, Peer-to-Peer, and mitigants 18:56 Collateral eligibility and market evolution 22:30 ES...

This episode features Nick Bruce, who is Head of Business Development at Regis-TR; one of Europe's leading Trade Repositories. Speaking with host Roy Zimmerhansl, Nick gives listeners his perspective on the role of trade repositories, the rollout of SFTR, the challenge and opportunities of data evolution, and more. Timeline 00:00 Introduction 3:05 What is a Trade Repository? 8:30 Breadth of Regis-TR regulatory coverage 9:40 A holistic view of data and evolution of standards 19:01 Bringing...

Que Phuong Dufournet-Tran, Trading Services & Analytics Regulatory Affairs, IHS Markit, continues with her SFTR Review, this time looking forward - what is the focus for the firms and industry participants for 2021? In January 2021, her scope was widened beyond SFTR due to the IHS Markit has acquired Cappitech, a technology provider of regulatory reporting, best execution analysis and business intelligence solutions. Timeline 00:00 Introduction 2:42 The motto for 2021 - Da...

Que Phuong Dufournet-Tran, IHS Markit, takes listeners and host Roy Zimmerhansl through a review of the progress at the six-month stage after initial SFTR implementation. Que Phuong works at IHS Markit in Trading and Services regulatory affairs, leading relations with industry associations and regulators for more than a year. In January her scope was widened beyond SFTR due to the IHS Markit has acquired Cappitech, a technology provider of regulatory reporting, best execution analysis and...

Richard Comotto, expert securities finance consultant with a deep and rich history in repo markets gives his assessment of the first six months of the implementation of SFTR. He shares his views with host Roy Zimmerhansl, Practice Lead at Pierpoint. Richard's LinkedIn profile: https://www.linkedin.com/in/richard-comotto-14a6403 Timeline 00:00 Introduction 3:10 Initial observations on first six months 6:35 “Extraordinary effort“ required … and delivered 12:15 The positive aspects of the im...

Jeroen Bakker and Roy Zimmerhansl review Jeroen's blog post series of (In)Famous Hot Trades that involve securities lending. The blog posts mentioned in the episode are listed as part of the timeline Timeline 00:00 Introduction 8:04 Wirecard https://bit.ly/HotWirecard 11:09 Grenke AG https://bit.ly/HotGrenke 15:49 GSX TechEdu https://bit.ly/HotGSXTech 20:50 Volkswagen/Porsche and “what is a Short Squeeze?” https://bit.ly/HotVWPorsche 26:39 Citigroup https://bit.ly/HotCiti 34:12 Carillion ...

Lucinda Guthrie, Executive Editor, Acuris, has been covering financial markets as a journalist for the past 15 years. She has been at the heart of deals and deal-making and she takes listeners through a review of 2020 and looks forward to 2021. You can find Lucinda on LinkedIn here Learn more about Acuris products such as Mergermarket, Dealreporter and PaRR at: https://www.acuris.com/ Timeline 00:00 Introduction 2:50 What is Acuris and why is it relevant to Securities Finance 4:15 2020 - ...

Max Budra of the Alternative Investment Management Association (AIMA) speaks with Roy Zimmerhansl about "Short Selling and Responsible Investment" a report released by AIMA in conjunction with Simmons and Simmons. Follow Max and AIMA AIMA Website Max Budra on LinkedIn Max's email: mbudra@aima.org Short Selling and Responsible Investment Timeline 4:50 EY Report – Investors place growing importance on ESG factors for Alternative Managers 7:30 Are ESG and Responsible Investment the same thin...

This week’s guest is Manooj Mistry who has been at the heart of the growth of the ETF market in Europe. Manooj shares his personal journey with Roy Zimmerhansl - the tremendous growth of ETFs in Europe over the past 20 plus years. Manooj was formerly the head of ETFs and Index Investing at DWS (the asset management division of Deutsche Bank), where he was part of the team that established the Xtrackers ETF business in 2007, Europe's number two provider by assets under management.&nbs...

Lynden Howie, European Head of Equity Finance speaks in-depth with host Roy Zimmerhansl about Synthetic Prime Brokerage. You can follow Lynden and Cantor Fitzgerald as follows: Cantor Fitzgerald Europe (including a section on Prime Services): https://www.cantor.com/global/europe/ Lynden on LinkedIn: https://www.linkedin.com/in/lynden-howie-70948031 Show timeline 02:12 Lynden's background in Synthetic PB 05:24 What is Synthetic Prime Brokerage? 07:48 Why do investors use it? 10:56 Why do P...

Roger Cohen, founder of Portable Beta is an investor, derivatives specialist and academic, and joins host Roy Zimmerhansl to discuss ETFs; geared, leveraged and bear funds; ESG and quantum theory. You can follow Roger's work as follows: Roger Cohen on LinkedIn: https://www.linkedin.com/in/portablebeta Portable Beta: https://portablebeta.com.au/ Betashares (where Roger is an advisor): https://www.betashares.com.au/ Quantum Theory of Toilet Paper https://www.linkedin.com/posts/portablebeta_...

Show Notes Andy Dyson, CEO, International Securities Lending Association addresses a huge range of topical and challenging issues in a sweeping and fast paced one-hour interview with host Roy Zimmerhansl, Practice Lead, Pierpoint Financial Consulting. Timeline: 2:27 Reflections on ISLA/ISF Virtual Conference series 7:01 SFTR Report Card 16:22 Comments on market resilience during the 20...

This episode features renowned short seller Fraser Perring of Viceroy Research. Perring called out Wirecard publicly and suffered the consequences of challenging a darling stock. Other major frauds followed including Steinhoff, which was a $7.4 billion fiasco. Roy Zimmerhansl asks Perring to discuss a range of matters from the psychology of short selling through to what's next for Viceroy. Show Timeline: 3:20 A background in life skills 5:25 Foreshadowing Grenke 6:44 Dealing with long t...

Today's episode covers the topic of Managing Service Provider Relationships and includes a discussion on ServiceMatrix, a ground-breaking alternative to traditional vendor benchmarking. Host Roy Zimmerhansl is joined by Lawrence Inman, Senior Supplier Oversight and Relationship Manager, FundRock Partners Ltd and Andy Stephenson, Founder ServiceMatrix Show timeline: 06:02 The role of Vendor Oversight 10:00 Outsourcing services 12:35 Monitoring Performance and KPIs 16:58 Where do surveys fi...

The Pierpoint team, Jeroen Bakker, John Arnesen and Roy Zimmerhansl discuss and debate the value of Exclusive lending arrangements. Show timeline: 03:06 What is an Exclusive? 06:50 Exclusives - just another securities lending transaction? 10:00 What value does an Agent Lender add? 13:19 Direct to a Beneficial Owner or via an Agent? 20:02 The value proposition for a Beneficial Owner 26:16 Exclusives and Cash Collateral 34:50 The future for Exclusives 41:35 Closing thoughts on...