Content tagged with Asset Management posted in December 2012
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World's Investors Stirred, Not Shaken by U.S. Fiscal Crisis
Global investors are betting
Washington will overcome its budget deadlock despite an
apparently serious setback.
Proven: Technology That Stuns Users Into Boosting Retirement Funds
Merrill Edge has launched an app called Face Retirement.
Costs, Investor Confidence Among Biggest Obstacles for Boutique Asset Managers
According to a SunGard survey, boutique asset managers are looking to technology to help meet growth challenges and satisfy increased demands.
U.S. Funds Cut Equity Stakes to Year Low on Fiscal Worries
U.S. investment firms headed
towards the new year defensively, with average equity holdings
hitting a more than 13-month low and average bond weightings at
their highest in all of 2012, a Reuters poll showed on Thursday.
UBS Libor fixing fine puts brokers under scrutiny
The complex world of inter-dealer
broking took centre stage on Wednesday as UBS admitted
that its traders paid bribes to brokers in return for their help
rigging interest rates.
Massachusetts Fines Morgan Stanley Over Facebook IPO
Morgan Stanley, the lead
underwriter for Facebook Inc's initial public offering,
will pay a $5 million fine to Massachusetts for violating
securities laws governing how investment research can be
distributed.
BofA Ramps Up Mobile, Social Media User Experience
BofA aims to mirror how users and consumers share information outside the financial industry.
2013 Electronic Trading Outlook: More Pressure on Tap for the Sell Side
Next year, the buy side is also likely to be impacted by intense pressure on management fees, an issue has been developing for some time but in 2012 seemed to reach a tipping point.
So Much Uncertainty, So Little Volatility
Equating economic uncertainty
with financial market volatility this year would have been a
dangerous game.
Investors Bet on Euro Assets in 2013 Despite Risk
Major investors are preparing to
dip their toes deeper into the turbulent waters of the euro zone
in 2013.
Here Comes the CFTC: The Regulators Keep Coming Back for More
The ripples from the financial crisis are still being felt as regulators continue to find new ways to monitor, control and examine the daily work of asset managers.
Instinet Revamps Commission Management Platform
The global agency broker has launched an enhanced version of Plazma with multi-strategy functionality to enable buy-side users to view budgets and balances on a sub-account level.
SEC Charges Morgan Keegan Founder Over Asset Pricing
U.S. securities regulators
filed civil charges against eight board members of mutual funds
run by Morgan Keegan, including one of the firm's founders,
saying they failed to oversee managers who inaccurately priced
toxic mortgage-backed assets leading up to the financial crisis.
HSBC Hires Financial Crime Fighter
The UK bank is currently embroiled in a money-laundering scandal that could cost it over $1 billion.
SEC Charges 8 Mutual Fund Directors Over Asset Valuation
U.S. securities regulators
charged eight former mutual fund board directors on Monday with
fraudulently overstating the value of their securities at the
brink of the housing crisis.
BofA Merrill Adds Electronic Options to Commission Management Platform
The firm say the move was made in response to growing demand from its institutional clients.
Progress Software Predicts PR Offensive By HFTs in 2013
The firm also predicts London will become a hot market for investors looking to escape tight regulations, and that algorithmic "hall monitors" will be a force.
RBS: The Biggest Turnaround In Corporate History
Royal Bank of Scotland
chief executive Stephen Hester has shrunk the bank by $1.1
trillion in four years, and can count on at least three years' work to finish the turnaround.
Goldman Sachs Fined $1.5 million for Trading Glitch
Goldman Sachs Group Inc
was fined $1.5 million to settle charges it failed to supervise
its traders and allowing one futures dealer to hide billions in
dollars from sight and causing a $118 million loss.
Schwab Eyes Commission-Free ETF Supermarket
Charles Schwab Corp has
been quietly meeting with exchange-traded fund providers to try
to persuade them to join a new network that would make ETFs
available commission-free to the brokerage's 8.6 million
customers.
Crowdfunding Websites Clamour for Clearer Securities Regulation
A new breed of internet-based financiers want to end regulatory uncertainty they say is preventing them from getting money to the small and medium-sized businesses that need it.
Deutsche Bank Directors Question Board Over Possible Financial Crisis Losses
Deutsche Bank's directors will question the management board over claims the lender failed to recognize billions of euros in unrealized losses during the financial crisis.
Black Box Hedge Funds Buy Exchange Seats to Dodge Brokers
Some of the world's top computer-driven hedge funds are buying exchange memberships to trade directly on the biggest commodities and financial futures markets.
Cerberus May Join Virtu Bid for Knight Capital -WSJ
Cerberus Capital Management LP is in talks
to join Virtu Financial LLC's bid for U.S. brokerage Knight
Capital Group Inc, the Wall Street Journal reported,
citing people familiar with the discussions.
What the Market Wants: Shame of Washington!
I am politically independent, but I am shocked at the indifference both sides have to giving us some comfort that they will work together to get the fiscal cliff issues solved.
Hedge Fund Kleinheinz Capital to Liquidate
Hedge fund Kleinheinz Capital Partners, which has roughly $2 billion in assets, told investors that it is shutting down.
Buy-Side Compensation to Increase 3.5 Percent in 2012 — Study
Hedge funds continue earn about 1.8 times the amount of base salary and incentive pay earned by counterparts at traditional asset management firms, but in fixed income, the differential has narrowed.
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