Hub to lay off 20% of staff, sources say

Hub’s CEO says this is simply a case of a startup trying to stay nimble and efficient; others say it points to deeper issues.

Hub—the vendor set up by Man Group, Pimco, State Street, IHS Markit, Microsoft, and McKinsey to overhaul asset management operations—is in the process of downsizing. WatersTechnology has learned that the company is undergoing a staff restructuring that, once complete, will bring its total staff from about 100 people down to around 80 across its London and Delhi offices—50 of whom will be in India and the remaining 30 in the UK. 

The company says it is reviewing and optimizing its business and is

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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