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News & Commentary
Content tagged with Asset Management posted in June 2012
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How RIM Murdered BlackBerry
News  |  6/29/2012  | 
RIM made a number of mistakes over the years that could now spell the end for Wall Street's formerly favorite smartphone.
JP Morgan Adds Risk Staff, As Potential Losses Spiral
News  |  6/28/2012  | 
The new hires are in the chief investment office, the unit responsible for JP Morgan’s recent well-publicized trading losses.
Bernard Madoff's Brother to Plead Guilty
News  |  6/28/2012  | 
Peter Madoff, the brother of imprisoned swindler Bernard Madoff, is expected to plead guilty to criminal charges on Friday.
Buy Side Turns to Options as Strategies Grow More Complex
News  |  6/28/2012  | 
Asset managers are expanding their use of options, and with their strategies becoming more complicated, they're investing in powerful technology to aid the front and back office.
Morgan Stanley Faces Facebook Fallout, Limits Damage
News  |  6/27/2012  | 
Morgan Stanley was quick to dismiss suggestions its status as the king of initial public offerings for Silicon Valley was under threat because of the botched Facebook Inc IPO last month.
Portware Boosts FX Platform with Enhanced TCA
News  |  6/27/2012  | 
The firm said the upgrade was driven by demand on the buy side for better execution quality, and for tools to better manage institutional order flow.
Investment Advisor Grandeur Peak Opts For Linedata Trading Platform
News  |  6/27/2012  | 
Grandeur will use Linedata's Longview to aid its trading decisions and to fire off transactions.
Canada's Asset Managers Take Prudence in Risk Management to the Global Market
News  |  6/27/2012  | 
Considering the state of the global markets, you'd think Canadian firms would avoid trading outside their own country. But Canadian asset managers are looking to trade with the same preparedness that helped them survive the 2008 credit crisis.
Beyond Dodd-Frank: The Dire Consequences of Inaction
Commentary  |  6/26/2012  | 
Many buy-side firms are only addressing the basic and imminent requirements for counterparty risk management. What are firms missing, and what will it cost the industry?
Thomson Reuters Adds Psychological Analysis to Machine Readable News
News  |  6/26/2012  | 
The indices can identify optimism, gloom, stress and uncertainty, among other emotions, to support under-the-radar investment hypotheses.
Deutsche Bank Algo to Help Buy Side Navigate the Close
News  |  6/26/2012  | 
The investment bank beefs up its sales staff with new hires and unveils an algo that can handle significant market data volumes at the close.
Bloomberg Updates Service With Interactive Research Platform
News  |  6/26/2012  | 
The firm said the analysis given by Bloomberg Industries is the latest major update to the Bloomberg Professional Service, which has more than 310,000 subscribers worldwide.
Be Afraid: Some See Shades of 2008 in Euro Crisis
News  |  6/25/2012  | 
Some prominent American investors and strategists are using the words grim, serious and terrifying to describe the worsening debt crisis in the euro zone and its impact on the global economy.
BIS Backs Banking Union to Ease Euro Zone Crisis
News  |  6/25/2012  | 
Creating a banking union for the euro zone could break the fever gripping the shared currency and help put the euro on a viable long-term footing.
Why Speed Traders Slow Down On Purpose
News  |  6/22/2012  | 
In his new book "Wait: The Art and Science of Delay," Frank Partnoy breaks down why even though speed is the lifeblood of a high-frequency trading operation, slowing down by a few milliseconds can mean bigger profits.
The No-Shame Game on Wall Street
Commentary  |  6/22/2012  | 
Despite this historic mess, bad brazen behavior is not showing any signs of leaving the scene.
Moody's Cuts Rating of 15 Banks, Morgan Stanley Down 2 Notches
News  |  6/22/2012  | 
The ratings agency downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities.
Twitter Double Outage Blamed On Bug
News  |  6/22/2012  | 
A double outage rocked Twitter on Thursday, as users worldwide reported significant down-time and slow service across the website and mobile applications of the microblogging platform.
La Française AM and S&P Capital IQ Team Up
News  |  6/21/2012  | 
In the lead-up of the forthcoming global credit Luxembourg fund, La Française AM will leverage S&P Capital IQ's proprietary Risk-to-Price practices.
Crisis Has Barely Begun: GLG Hedge Fund Manager
News  |  6/20/2012  | 
It's likely to last for at least another 15 to 20 years as major economies cut debt levels, according to Jamil Baz, one of Europe's most prominent hedge fund managers.
Invesco Deploys OneTick for Customized TCA
News  |  6/20/2012  | 
Buy Side Really Wants Human Beings, Not Just Algos: Aite Survey
Commentary  |  6/19/2012  | 
A new study by Aite Group found that buy-side firms are not happy with the current level of service provided by their broker-dealers. Buy-side firms expect their broker-dealers to provide value-added advisory services on trading analysis and timely support for electronic executions.
Is Enforcing the Volcker Rule an Impossible Task?
News  |  6/19/2012  | 
In a Q&A with Advanced Trading, Nice Actimize's Stephen Anikewich explains why the Volcker Rule with be a major puzzle for banks and regulators alike, and whether this holds any relevance to the buy-side in the long-run.
Migdal Stock Exchange Services Joins the SunGard Global Network
News  |  6/19/2012  | 
The brokerage arm of Israeli investment group Migdal Capital Markets and member of the Tel-Aviv Stock Exchange now offers trading services and research on the Israeli markets.
Buy-Side Firms Struggle to Minimize Fee Leakage and Improve Accuracy, Says Survey
News  |  6/19/2012  | 
Nearly 50 percent of respondents highlighted ‘minimizing fee leakage and improving accuracy' as the most difficult challenge for an organization to overcome, says survey results from Bonaire Software Solutions.
Canadian Banks Face Profit Pressure at Home
News  |  6/18/2012  | 
With loan growth slowing, narrower margins and high consumer debt levels, the profit pressures Canadian banks have see in recent quarters are likely to continue.
Cambridge Asset Manager AlphaSimplex Opts for OneTick
News  |  6/18/2012  | 
The firm said OneMarketData's platform will help it make trading decisions and improve the storage of historical and real-time data.
Breaking the Code Theft Brain Drain
Commentary  |  6/15/2012  | 
As firms embrace algorithmic trading, they must secure their codes from those outside the office - and inside as well.
Rajat Gupta Guilty of Insider Trading
News  |  6/15/2012  | 
The former Goldman Sachs board member was found guilty of three counts of securities fraud and one count of conspiracy.
Black Box Funds Soar in May Despite Markets' Slide
News  |  6/15/2012  | 
A clutch of algo-driven hedge funds have profited from steep market losses in May, outperforming other hedge funds in a welcome turnaround for the black box sector that has struggled recently amid volatile markets.
Grads Ogle Google Over Goldman Sachs
Commentary  |  6/15/2012  | 
Stanford Sentenced to 110 Years in Prison
News  |  6/14/2012  | 
Allen Stanford, the former Texas billionaire convicted of a $7 billion Ponzi scheme, was sentenced to 110 years in prison by a U.S. federal judge on Thursday.
IBM Launches Portfolio Management and Performance Monitoring Products
News  |  6/14/2012  | 
Services-delivered software products enable banks to transform their order and portfolio management systems for smarter investment decisions, according to IBM.
JPMorgan Bets Sent False Signals to Wider Debt Market
News  |  6/14/2012  | 
JPMorgan's disastrous bets on corporate debt may have caused unexpected collateral damage: erratic behavior in a barometer that measures the financial health of blue-chip U.S. companies.
Protesters Greet JPMorgan's Dimon In DC
News  |  6/13/2012  | 
JPMorgan Chase & Co Chief Executive Jamie Dimon's highly anticipated appearance before lawmakers on Wednesday got off to a rocky start with multiple protesters disrupting the event.
Former Swiss Central Bank Head to Join BlackRock
News  |  6/13/2012  | 
Philipp Hildebrand, who quit as chairman of the Swiss central bank in January over a currency trading scandal, is joining BlackRock to nurture the world's largest money manager's major client relationships and reinforce its role as a financial crisis troubleshooter.
Facebook Consultant: Website's Ads Work
News  |  6/12/2012  | 
Marketing on Facebook influences consumer behavior and leads to increased purchases for the brands that leverage the social-networking site, consulting company comScore said in a report released Tuesday.
Every Trader Needs An Entourage
Commentary  |  6/12/2012  | 
Futures See Slight Rise on Spain; Worries Loom
News  |  6/11/2012  | 
U.S. stock index futures pointed to a mildly higher open on Monday after euro zone finance ministers agreed on an aid package to help Spain, but worries persisted over the upcoming Greek election and the global growth outlook.
US Gas Futures Slip Early Despite Warmer Weather
News  |  6/11/2012  | 
U.S. natural gas futures slipped early Monday on continued concerns over high inventories despite warmer weather on tap for consuming regions this week and next.
State Street Set To Buy Goldman Sachs' Hedge Fund Admin Unit
News  |  6/11/2012  | 
Goldman Sachs is close to signing a deal to sell its hedge fund administration business to U.S. bank State Street.
Knight Capital Lances Nasdaq's Facebook Fix
Commentary  |  6/8/2012  | 
As Nasdaq scrambles to soothe frayed nerves from its botched Facebook IPO, clients are fuming.
Rutgers Names Numerix Outstanding Employer of the Year
News  |  6/7/2012  | 
Numerix and Rutgers University's Mathematical Finance Program team-up to revitalize math curriculum for students aiming at futures in financial services.
Get Smart With Your Buy Side Technology
Commentary  |  6/6/2012  | 
Goldman Sachs, Merrill Lynch Execs Work on Standards For Delivery of Portfolio Models
News  |  6/6/2012  | 
The standards are designed to minimize risk and reduce costs for participants.
Starving Dodd-Frank One Dollar At a Time
Commentary  |  6/5/2012  | 
Vulture Funds Smell Blood from Spanish Bank Woes
News  |  6/5/2012  | 
A flock of "vulture" funds is circling over Madrid in the hope that a banking sector shakeout will finally deliver a bonanza of real estate and distressed company assets at rock bottom prices.
How Useful is Social Media-Based Sentiment Analysis to the Buy Side?
News  |  6/4/2012  | 
Progress Software founder and chief technology officer John Bates explains why even as such tools struggle to catch on, they're still likely to become very useful to the buy-side trader's workflow within the next five years.
Chyla Joins Selerity From Alliance Berenstein
News  |  6/4/2012  | 
Hedge fund vet Thomas Chyla brings extensive buy side and product development experience in new role as vice president of product strategy.
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