Wall Street Journal Chronicles Amaranth's Demise
Today's Wall Street Journal provides a gruesomely fascinating account of Amaranth's final days ("Amid Amaranth's Crisis, Other Players Profited"). The mental image it conjures in the reader's mind is that of a pack of wolves, one of which has injured itself and lies dying of its wounds, the rest taking the biggest, juiciest hunks out of it they can while its heart still beats.
The Amaranth fiasco continues to affect the industr
Three New Business Intelligence-Style Tools for Investment Managers
The business intelligence movement rolls on and one of its targets/benefactors is Wall Street. It's a good fit -- after all, what buy-side or sell-side executive wouldn't want the most insightful views of the right pieces of data? In my first full week at Wall Street & Technology, I was briefed on three new or recently updated data analysis tools: one for analyzing the blogosphere for stock and company tips and rumors, one for analyzing SEC Edgar data, and one for portfolio backtesting. Here's w
Wealth Managers Turn to Unified Managed Accounts to Better Serve Wealthy Clients
Unified managed accounts and unified managed households are part of a growing trend to electronically aggregate a client's holdings in as close to real time as possible. The goal of such cross-product, cross-institution and cross-individual accounts is superior portfolio management, including tax optimization and risk mitigation.
Miletus and Charles River IMS Make Nice
Cory Levine, Wall Street & Technology
Boutique agency brokerage Miletus Trading, has integrated its algorithms, known as Strategy Engines and its Trade Impact Estimator into the Charles River Development Investment Management System (IMS). The move will allow Miletus to offer the buy side its algorithms through one of the industry's most visible front-end platforms.
"Traders can now access Mile