Content tagged with Asset Management posted in April 2012
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Is Buy-Side Order Flow Really Going Dark?
In the search for liquidity, the buy side increasingly is turning to dark pools. Or is it?
Buy-Side Traders Find Liquidity in Dark Pools
With U.S. equity volumes in the dumps, the buy side increasingly is searching for liquidity in dark pools, stoking fears about a lack of execution transparency in the opaque markets. But buy-side traders are finding value in the dark -- if they know where to look.
Big Isn't Bad, U.S. Banks Tell Fed
The largest U.S. banks say large banks are needed and are accusing the Federal Reserve of attempting to misuse its new regulatory powers to shrink financial giants under the misguided belief that "big is bad."
Emerging Markets Hold Breath As EU Banks Shrink
LONDON, April 30 (Reuters)- From Beijing to Bucharest,
emerging market policymakers are as worried as those in Brussels
that the rapid contraction in western European banks' balance
sheets will compound the debt crisis and further delay economic
recovery.
Credit Suisse Suffers Pay Revolt, Barclays Up Next
31.6 percent of Credit Suisse shareholders rejected the bank's pay plan, as investors remain angry at payouts. Barclays was braced for a similar revolt.
Lazard Profit Drops, Still Beats Street
Lazard Ltd's first-quarter earnings dropped sharply because of higher costs, but the boutique investment bank beat analyst expectations by a wide margin when excluding a previously announced charge related to severance packages.
HSBC To Cut Over 2,200 UK Jobs, Targets Managers
HSBC is
cutting more than 2,200 jobs in Britain, targeting senior and
middle management roles as part of its drive to slash costs and
boost profitability in the face of a changing banking landscape.
Goldman Sachs CEO: We Are Not "Anti-Client."
In a rare interview, embattled Goldman Sachs CEO Lloyd Blankfein defends his firm after a public relations nightmare.
Half of Hedge Funds Skittish on 2012: Survey
Roughly 48 percent of hedge fund managers surveyed indicated that 2012 will be a difficult year for the sector, with nearly 40 percent expressing concern that the U.S. could enter a 'double-dip' recession.
Connecticut Hedge Fund Manager Found Dead in NC
Money manager B. Robert Williamson Jr., the nephew of Wall Street investment guru Julian Robertson, was found dead on Sunday in North Carolina, in water surrounding an island.
Former Calpers CEOS Charged With Fraud Scheme by SEC
The SEC says Calpers ex-CEO and an ex-board member fabricated documents that allegedly defrauded a firm of $20 million in placement fees.
Bitran Father and Son Pay $4.8M SEC Fine, Leave Securities Industry
The once heralded father and son hedge fund GMB Capital Management admit no wrong-doing in feeding Bernard Madoff and faking their profits.
Janus Profit Falls as Client Withdrawals Climb
Janus Capital Group Inc
reported a 40 percent drop in first-quarter profit on Tuesday as
a new fee structure made the company more vulnerable to fund
performance troubles.
BATS Software Bug Stings Strategy
The market's confidence in financial institutions is low enough without being exacerbated by completely avoidable mistakes.
SEC Charges Former Calpers CEO With Fraud Scheme
A former chief executive of the biggest U.S. public pension fund, and a former board member were charged by federal regulators with
scheming to defraud Apollo Global Management of more than $20 million in placement fees.
Citi Shows That You Too Should Decide If Your Boss Is Getting Paid Too Much
Vikram Pandit's $15 million pay package has come under fire.
Electronic Trading Blooms in Latin America
Brazil, Mexico and Chile have made significant investments in their exchange technology to provide lower latency and higher throughput execution for their participants.
Hedge Fund Manager Sentenced for Ponzi Scheme
Hedge fund manager Brian Kim was sentenced on Friday in New York state court to up to 15 years in prison, a month after pleading guilty to running a $6 million Ponzi scheme.
Why Data Visualization For Your Emails Can Boost Your Search For Alpha
New research from the UK suggests data visualization should move beyond the trading desk to your inbox.
Eyeing the SEC, Hedge Funds Shore Up IT
According to an Omgeo survey, hedge funds are addressing the demands of the SEC and other regulators.
Fire Up Your iPad, Build Your Own Algo
UBS QUOD Studio lets you build 'unique, advanced' algorithms that are 'tested for execution quality by quantitative strategists' on your Apple tablet.
Turning Big Data into a Dashboard for Investment Managers
The rise of data aggregators pulling information from various cloud-based sources, fueling front-end analytics, will make Big Data more usable for investment managers, contends StatPro North America's Andrew Peddar.
Chicago's Mini-Boom in Small Prop Shops
Innovation is the key to a start-up's survival in the face of over-regulation.
BlackRock Q1 Profit Steady as ETFs Draw Billions
BlackRock Inc, the world's
largest asset manager, said first-quarter profits were steady,
bolstered by strong inflows into its popular iShares
exchange-traded fund business.
Bloomberg Tradebook Launches Commission Recapture
The agency broker teamed with financial tech company UAT to launch Boomerang, an algo that boosts trader productivity and enables commission savings for asset owners.
Bloomberg Tradebook Launches Commission Recapture
The agency broker teamed with financial tech company UAT to launch Boomerang, an algo that boosts trader productivity and enables commission savings for asset owners.
State Street's Q1 Profit Crimped by Expenses
State Street Corp. said Tuesday that first-quarter profit fell 11 percent as compensation and other employee benefits surged at nearly three times the pace of operating revenue growth.
UBS, Goldman Win Formula One IPO
Private equity firm CVC
Capital Partners has hired UBS and Goldman Sachs to lead an
expected $2 billion initial public offering of motor racing
business Formula One in Singapore, sources with direct knowledge
of the matter said on Monday.
How Buy Side Compliance Operations Are Evolving
As the consequences of regulatory violations become more severe, the need for better relationships between traders and their compliance officers is stronger than ever.
Top Quotes of the Week
It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.
Group of 30 urges big banks to reform governance
The Group of Thirty, a
private organization of influential regulators, financial
executives and academics, has thrown its weight behind reform of
corporate governance practices at the world's biggest financial
companies, implicating executives, board members, shareholders
and regulators for past failures.
Goldman To Pay $22 Million In Info Sharing Case
U.S. regulators said on
Thursday that Goldman Sachs Group Inc will pay $22
million to settle civil charges that it lacked adequate policies
to prevent its analysts from sharing non-public information with
Goldman traders and select clients.
Big Hedge Funds Welcome Dodd-Frank Transparency Regs
Hedge funds think the finance reform law will help them be seen as a more mainstream investment vehicle by institutional investors, according to a study.
MF Global Execs Can Access Insurance Money - Judge
Former MF Global Holdings Ltd
Chief Executive Jon Corzine and other company
officials won court permission to tap as much as $30 million of insurance money to defend lawsuits over the futures brokerage's collapse.
The JOBS Act: Hedge Funds, Start Your Engines!
The bill, which was signed into law by President Obama last week, loosens the binds that prevented hedge funds from advertising to attract new clients.
Broadridge Releases New Financial Analysis And Reporting Solution
The platform is a rules-based enterprise web solution.
Formula 1 IPO Pitch Ends Friday
CVC Capital Partners has set
a Friday deadline for banks hoping to play a role in Formula
One's Singapore IPO, sources told Reuters on Tuesday, in a sign
that the process for the roughly $1.5 billion IPO is formally
under way, with plans for a July listing.
High-Frequency Trading Not a New Concept, DRW Trading's Don Wilson Says
High-Frequency Trading Not a New Concept, DRW Trading's Don Wilson Says
Forex Fine Print Haunts BNY Mellon, State Street
State Street has unveiled a new twist in its legal defense against charges of foreign exchange fraud: We're not like Bank of New York Mellon Corp.
Quotes of The Week on The Street
It's been quite a week on the Street. President Obama passes the JOBS Act to help small businesses, Canadian bank RBC refutes the CFTC's accusation that it engaged in hundreds of millions of dollars in illegal futures trades, firms tackle the Volcker Rule head on, and Europe is dragging everyone down. Wall Street & Technology brings you some of the best and brightest quotes from the Street.
Beyond Volcker: Seeing the Forest Through the Trees
Looking at the big picture, we see that Dodd-Frank leads to the removal of some of the structural barriers that exist in today's largely two tiered market structure, redistributes risk capacity within the capital markets and moves prop risk taking out of the banking system.
JPMorgan to Pay $20 Million to Settle Lehman Case
The CFTC said that JPMorgan Chase will pay $20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers.
J.P. Morgan Launches Mobile App For Depositary Receipt Clients
Issuer clients will have access, among other things, to the latest price performance data and graphs.
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Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
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