News

Liquidnet founder joins AI startup

StartupSeth Merrin, the founder and former chairman and CEO of buy-side trading network Liquidnet, has joined Neuravest Research as its executive chairman.

The US-based startup, formerly known as Lucena Research, provides AI-based portfolio construction tools.   

The appointment comes a week after Merrin announced his departure from Liquidnet, the firm he founded in 1999 and helped build into a major trading venue and dark pool operator for fund managers and institutional investors with more than 1,000 buy-side users.

One of his last roles at Liquidnet was orchestrating its move into AI-based investment decision support.

Merrin’s departure coincided with the completed takeover of Liquidnet by interdealer broker TP ICAP in a deal which could cost up to $725 million including additional performance-related payments.

Merrin also founded Merrin Financial in 1985, which is credited with launching the first electronic order management system for asset managers.

In addition to his role as executive chairman, Merrin is also a lead investor in Neuravest.

“The ability to quickly discern among the massive amounts of predictive and non-predictive data provides an enormous competitive advantage that grows with every new value-added data set,” said Merrin.

“The amount of data available continues to accelerate and the technology to process, learn, and analyse it for predictive qualities continues to grow exponentially. Unfortunately, you can’t really say that about human beings,” he added.

© 2021 funds europe

Thought leadership

Euroclear_PM_white_paper_native_image_400x103

This whitepaper outlines key challenges impeding the growth of private markets and explores how technological innovation, when bolstered by the operational experience and global reach of FMIs, can provide solutions to unlock access to private market funds for a growing investor base.

DOWNLOAD NOW »
UBS_commodities_native_image_Nov_2023

Transporting goods by sea is the lowest carbon way of transporting goods. That said, the shipping sector contribute 3% of global carbon emissions, so we need it to get to net zero. Breakthrough technologies have the power to reshape the industry and drastically reduce its environmental footprint.

LEARN MORE »

Executive Video Interviews

Why fund admin tech is a key competitive advantage

Cian Hyland, Strategic Client Relationship Director at Deep Pool Financial Solutions spoke to us about how technology enables efficient data management, reporting automation and secure data access.

Insights from State Street

Cuan Coulter, Global Head of Asset Managers and Head of UK and Ireland at State Street, discusses how fund managers decide between the two cross-border fund domiciles, namely Ireland and Luxembourg, and why asset managers find managing data so difficult.

Unlocking access to private markets

Vincent Clause, who heads the global funds strategy at Euroclear and David Genn, CEO of Goji, sit down with Funds Europe to explain how technological innovation, bolstered by operational experience and global reach, can provide solutions that unlock access to private markets.

Sustainable investing in the DC world

Claire Felgate, a specialist in UK defined contribution pension schemes at asset manager BlackRock, talks with Funds Europe editor Nick Fitzpatrick about how - and the pace at which - DC pension schemes are adapting to the requirements of sustainable investment.

arrows

Webinars

Join our webinar for a deep dive into the findings of the fresh-off-the-press EU Taxonomy 2023 Insights Report, based on Clarity AI's best-in-class coverage of EU Taxonomy reported data and CDP industry-leading environmental datasets. 

In this webinar, we discuss tools for optimising fund data management and distribution, the role of global fund classifications and ratings, and how technology and automation enhance data integrity and insights.