Knight To Expand Transition Management Services

Knight Capital Group, which provides clients with the planning, implementation and transaction monitoring services for transitioning to global, multiasset class portfolios, has expanded the transition management services it provides to plan sponsors and investment managers as part of the firm's global markets offering. In addition, Knight has added a team from Lambright Financial Solutions. "As a discipline, transition management is rapidly growing as institutional firms recognize the risks involved with converting from legacy to target portfolios," said Gregory C. Voetsch, executive vice president and head of the Institutional Group at Knight Capital Group, in a press release.

Knight Transition Management will help plan sponsors and investment managers preserve value and mitigate risk in transitions triggered by an asset allocation shift, a change in fund managers, outsized fund flows or a merger of funds, among other events. For each mandate, Knight Transition Management will seek to manage operational and opportunity risk as well as limit market impact costs. Knight Transition Management will utilize proprietary analytics throughout the process to forecast and monitor all costs, as well as provide clients with regular transaction updates. "At Knight, we understand that complex transactions require coordination among several parties across geographies and asset classes. We are dedicated to working with clients to manage the entire process in an efficient and effective manner," Voetsch added.