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ITG: closer alignment needed between trading strategy, cost analysis and investment decisions

The white paper, Transaction costs and equity portfolio capacity analysis, emphasises what authors Yossi Brandes, Ian Domowitz and Vitaly Serbin describe as the underappreciated relationship between fund turnover, transaction costs and capacity; oversight of this relationship can negatively impact a manager's returns and distort capacity analysis.

"The first lesson is that liquidity of the planned investment actually matters - it matters a lot," says Domowitz, ITG managing director and head of

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Doing a deal? Prioritize info security early

Engaging information security teams early in licensing deals can deliver better results and catch potential issues. Neglecting them can cause delays and disruption, writes Devexperts’ Heetesh Rawal in this op-ed.

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