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Calastone

calastone.com

Founded Year

2007

Stage

Acq - Fin | Alive

Total Raised

$18M

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+50 points in the past 30 days

About Calastone

Calastone is a global funds transaction network that aims to reduce the frictional cost of trading using smart technology solutions and industry collaboration, lowering operational risk and enhancing client profitability through digitization and automation.

Headquarters Location

Birchin Court, 4th Floor 20 Birchin Lane

London, England, EC3V 9DU,

United Kingdom

+44 (0)20 3700 4100

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ESPs containing Calastone

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Capital Markets Tech

Companies in this market provide technology to support core financial operations, such as accounting processes, clearance and settlements, fund transfers, payments, and treasury operations.

Calastone named as Outperformer among 7 other companies, including Volante Technologies, Paxos, and Kyriba.

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Expert Collections containing Calastone

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Calastone is included in 2 Expert Collections, including Capital Markets Tech.

C

Capital Markets Tech

910 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

F

Fintech

5,029 items

Track and capture company information and workflow.

Latest Calastone News

Investors pulled record £8.38bn from UK equity funds in 2022 as confidence tanked on global market turmoil

Jan 5, 2023

January 5, 2023 “Investors were looking for the safest havens they could find,” Calaston said. - Advertisement - Capital outflows from the UK reached record levels last year as global market turmoil eroded investor confidence. - Advertisement - Investors pulled £8.38bn out of UK-focused equity funds in 2022, with net selling activity every month, marking the asset class’s worst year on record, according to fresh data compiled by Calastone. The findings mean that 2022 was the second consecutive year of outflows for UK-focused funds, despite the relative strength of the FTSE 100 over the period compared to global peers. - Advertisement - Outflows: According to Calastone, the outflow of capital from British equity funds reached a record level last year. Edward Glyn, Head of Global Markets at Calastone, said: “2022 has been a significant year. “The sudden shift by central banks from liquidity flows and cheap money to a flurry of rate hikes aimed at curbing runaway inflation has turned asset markets on their head. “There is a structural bias towards inflows in the market as we put money aside for our retirement and ISA/savings plans, so such a large outflow from equity funds in 2022 without a corresponding increase in other asset classes is a very strong vote against. -confidence.’ HOW MONEY CAN HELP How to Pick the Best (and Cheapest) Isa Stocks and Stocks He added: “Investors sought the safest havens they could find, taking refuge in cash and lower-risk fund categories.” In 2022, overall investment fund flows were the weakest in at least eight years, according to the latest Calastone Fund Flow Index. Equity funds were hit the hardest, losing £6.29bn during the year, three-quarters of the volume seen in the third quarter. In this diverse asset class, some fund sectors, such as UK-focused funds, have been hit much harder than others. Focus on the UK: Net flows of UK-focused equity funds from 2020 to the end of 2022 Equity Funds: chart showing net flows from all types of equity funds from 2015 to end of 2022. Elsewhere, investors pulled out £2.65bn of European funds, a record £1.17bn from North American funds – the first year of outflow since 2016 – and £1bn from Asia Pacific funds. However, global funds continued to raise new capital. Investors added £4.87bn to global funds, according to the report, but this was “entirely due” to ESG’s strategies. It said: “ESG Global Equity Funds raised £6.35bn while those without an ESG mandate lost £1.48bn. “Emerging Market Funds received £647m inflows, while Equity Income Funds had the best year in Calastone’s history, reflecting their defensive qualities in times of recession and higher interest rates. “They still suffered churn (-£427m for the year), but that compares to more than ten times the churn of 2020 and 2021 each, and much more churn in 2022 for non-strategies. income.” Passive equity funds have had a tough time, with Calastone’s first year of capital outflows, and the second year in a row they’ve performed worse than their active peers. Passive funds lost £4.45bn in 2022, while active funds posted a much smaller outflow of £1.82bn despite being much larger in assets under management. According to the results, global index funds suffered the largest capital outflow of £3.26bn, while their active peers received a net inflow of £8.13bn. The report states that the popularity of ESG has helped increase the net inflow of active funds. Markets began to look somewhat better towards November and December amid hopes that the cycle of rate hikes by central banks may be coming to an end. Calaston said: “This meant pre-inflows to equity funds in November and December (see table in appendix), heavily focused on global funds (primarily ESG), but with moderate interest in emerging markets and equity returns. Overall, equity funds saw inflows of £381m in December. “However, investors still refused to touch the UK-focused equity funds. The outflow in December was £701 million.” Rising inflation and higher interest rates also hurt bond prices. Inflows continued into fixed income funds, but at £2.89bn for the year, they were lower than £7.07bn inflows in 2021 when floor interest rates pushed bond prices higher. Calaston added: “Investors were most optimistic about fixed income in the fourth quarter, adding a net income of £1.67 billion. By this time, returns were significantly higher than they were at the start of the year (thanks to falling prices), so the new capital of investors in these funds will be earning more interest than at any point in the past 14 years. “The influx also indicates that investors have begun to anticipate the end of the rate hike cycle and are thus preparing for a potential rally in the bond market. Among other asset classes, mixed asset funds had their worst year ever in Calastone’s report, attracting inflows of £1.16bn, while real estate fund outflows fell by three-quarters to £535m.” Looking ahead, Mr. Glyn said: “Mood has improved markedly in recent weeks, but there is huge uncertainty about the future of interest rates and economic growth around the world, and we may yet see a bearish roar again before the bull market cycle ends. . start again. “However, the expectation that the UK economy will experience the worst recession of any major economy has prevented the current upsurge of optimism spilling over into UK-focused funds. “It’s hard for the industry. Fund management groups have taken a double hit, with the supply of capital slashed by falling bond and stock markets, and replenishment levels either decreased or reversed as investors either slowed their purchases or fled for the safety of cash. “As a result, the reduction in assets under management has led to… Credit: www.thisismoney.co.uk /

Calastone Frequently Asked Questions (FAQ)

  • When was Calastone founded?

    Calastone was founded in 2007.

  • Where is Calastone's headquarters?

    Calastone's headquarters is located at Birchin Court, 4th Floor, London.

  • What is Calastone's latest funding round?

    Calastone's latest funding round is Acq - Fin.

  • How much did Calastone raise?

    Calastone raised a total of $18M.

  • Who are the investors of Calastone?

    Investors of Calastone include Carlyle, Octopus Ventures and Accel.

  • Who are Calastone's competitors?

    Competitors of Calastone include Form3 and 7 more.

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