London-based Linear Investments is boosting its outsourced trading business with former BlackRock Global Head of Equity Trading, Paul Walker-Duncalf. He joins Richard Lilley as joint Managing Partners in the investment management firm.
Pauls appointment and his broad buy-ide experience will serve us extremely well as we continue to grow our outsourced trading business, said Richard Lilley. The buy-side is under enormous cost pressures due to increased regulatory and operational requirements on top of challenging market conditions. Many buy-side firms are seeking to control costs and are increasingly looking towards outsourced trading as a mechanism by which to achieve that, he added.
Prior to his work at BlackRock, Walker-Duncalf also spent over many years with Merrill Lynch Investment Managers and Mercury Asset Management.
Outsourced trading does not just bring about cost benefits, added Walker-Duncalf, but improves the quality of execution which is absolutely critical. Utilizing an outsourced trading desk can enable a manager to execute their trades on better terms than they might normally have if they conducted this function in-house.
