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News & Commentary
Content tagged with Data Management posted in August 2012
Europe Still Holds an Allure to U.S. Asset Managers
Commentary  |  8/31/2012  | 
Despite seemingly bad news about the Eurozone every day, a surprising number of large U.S. asset managers are still attracted to a continent that accounts for 35 percent of the world's mutual fund assets.
Pimco, the Quiet Giant Among Commodity Investors
News  |  8/30/2012  | 
Pimco is well-known as the world's largest bond fund. But how many people realize it is also the largest investor in commodities, with a portfolio dwarfing the more high-profile pension funds?

Citigroup Reaches $590 Mln Settlement Over CDOs
News  |  8/29/2012  | 
Citigroup Inc has reached a $590 million settlement of litigation accusing the bank of fraudulently concealing tens of billions of dollars of exposure to risky collateralized debt obligations heading into the global financial meltdown.

Hedge Fund Assets Climbed During First Half of 2012: Study
News  |  8/28/2012  | 
PerTrac says investors are showing more interest in alternative investments, and a growing tendency to invest directly in hedge funds.
Northern Trust's Scott Murray: A Man of Action
News  |  8/24/2012  | 
In establishing centers of excellence for IT disciplines, EVP and CTO Scott Murray is helping Northern Trust's technology organization improve quality while the bank continues to grow.
Fidelity CIO Walks In His Father's Footsteps
News  |  8/24/2012  | 
Fidelity Institutional CIO Ron DePoalo began learning about Wall Street IT from his father at an early age. Now he is drawing on those lessons to to drive tech innovation and business alignment.
Hedge Fund Exit Requests Rise in August
News  |  8/21/2012  | 
Client demands to pull money out of hedge funds rose to their second-highest level this year in August, industry data showed.
The Homestretch of the Swaps Compliance Race
Commentary  |  8/21/2012  | 
There are new rules coming for dealing swaps. Are you ready to cross the finish line?
CME Sets Sights on NYSE Euronext and Deutsche Boerse
News  |  8/20/2012  | 
CME Group Inc, the main U.S. futures market, plans to launch a European derivatives exchange in a challenge to NYSE Euronext and Deutsche Boerse, which dominate the European futures business.
GOLD BOOK 2012: Newedge's Stephen Davy Is Making a Difference
News  |  8/19/2012  | 
CIO Stephen Davy is leading efforts to analyze and enhance Newedge's processing systems in order to differentiate the firm's global clearing and execution business.
GOLD BOOK 2012: Northern Trust's Scott Murray Is a Man of Action
News  |  8/19/2012  | 
In establishing centers of excellence for IT disciplines, EVP and CTO Scott Murray is helping Northern Trust's technology organization improve quality while the bank continues to grow.
GOLD BOOK 2012: Direct Edge's Saro Jahani Chooses Stability Over Speed
News  |  8/19/2012  | 
For new Direct Edge CIO Saro Jahani, stability and low latency are the pillars of IT performance, and playing in the sandbox is serious business.
Pension Funds Become More "Active" in Risk Management
Commentary  |  8/17/2012  | 
As markets become more volatile and pensioners live longer, risk can no longer take a backseat.
Hedge Funds Bet on Oil Spike as Israel Attack Fears Grow
News  |  8/17/2012  | 
"The rally you're seeing now is not because demand is up, but because fear is up," says one fund manager.
China's Markets: No Gain Without Pain
Commentary  |  8/16/2012  | 
Despite a history of tight controls, China recognizes the need to reform its financial markets in order to trade effectively, and competitively, within the global economy.
JPMorgan's "Whale" Lures Hedge-Fund Sharks
News  |  8/15/2012  | 
The bank's "London Whale" head trader, who missed a $2 billion and counting bet, is attracting some hedge-fund killing machines in the second quarter.
Financial Industry Expert Julio Gomez Joins UIA/Data Analytics Provider Attivio
News  |  8/14/2012  | 
Julio Gomez, the founder of Gomez, Inc. and Innovation Councils, has joined Attivio to help it expand in the financial services industry.
Facebook, Oil Drive Hedge Funds In July
News  |  8/14/2012  | 
The industry has largely shrugged off the euro zone debt crisis to make money every month so far this year.
Regulatory and Technological Changes: How to Create Competitive Advantages in the Derivatives Markets
Commentary  |  8/13/2012  | 
Restructuring of the derivatives markets will create new revenue opportunities for those firms that have prepared and niche opportunities for new participants.
How to Build an Effective Enterprise Risk Management System
News  |  8/10/2012  | 
Effective, proactive enterprise risk management requires uniformity in data access, management and measurement.
Libor Rate No Longer Fit for Purpose - Regulator
News  |  8/10/2012  | 
Libor benchmark interest rates are no longer "fit for purpose" and must be changed or replaced, Britain's regulator said on Friday as he set out proposals to restore their credibility.

Carlyle Near Deal With SocGen on TCW: Sources
News  |  8/9/2012  | 
Private equity firm Carlyle Group LP is close to clinching a deal with Societe Generale for the takeover of the French bank's Los Angeles-based asset management arm TCW, three people familiar with the matter said on Thursday.
Knight Capital's Train Wreck and the Mismanagement of Software
Commentary  |  8/9/2012  | 
The ensuing fallout from Knight Capital Group's errant trade last week has sparked arguments that automated trading software is intrinsically unreliable, but such logic is faulty.
TMX Group Offers Equity Pre-Trade Risk
News  |  8/9/2012  | 
Clients of the Toronto Stock Exchange operator now have new tools that keep a close eye on risk.
BAML Beefs Up Transaction Services Team with Two Appointments
News  |  8/7/2012  | 
The firm said its latest hires come as part of an effort to expand its global transaction services operation.
Analysts Say Sharp Knight Discount Is Sensible
News  |  8/7/2012  | 
Knight Capital Group Inc shares rebounded on Tuesday after a rescue deal that undercut existing investors and left a number of open questions about the embattled firm's valuation and plans.
NYC's Top Hedge Funds Have 25 PCT Less in AUM than 2007
News  |  8/6/2012  | 
Although the city's hedge fund industry has bounced back from the depths of the global financial crisis, HedgeTracker reports they're managing far less money than they were five years ago.
AllianceBernstein's 2nd-Qtr Net Revenue Falls 12 Pct
News  |  8/2/2012  | 
U.S. asset manager AllianceBernstein Holding LP said Thursday that second-quarter net revenue and profit dropped sharply as the company unveiled an office space reduction plan even more aggressive than the one it started in 2010.
Errant Program Trade Seen As Cause of Knight Mayhem
News  |  8/2/2012  | 
Traders said a 'buy-program' that was executed by Knight Capital on the floor of the NYSE within a few minutes of the opening yesterday could have caused high volumes and wild price swings in 148 listed-stocks.
Markit Unveils Patent Data for Traders, Portfolio Managers
News  |  8/1/2012  | 
The firm says its patent analysis platform will help traders and portfolio managers uncover new trading opportunities.

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