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News & Commentary
Content tagged with Asset Management posted in March 2013
Closing In On SAC, FBI Arrests Portfolio Manager
News  |  3/29/2013  | 
Federal agents arrested the portfolio manager of the largest hedge fund in the country. After a week of buying mansions and Picassos, is SAC Capital founder Steve Cohen next?
Winton Capital’s Hedge Fund Closes Amid No Interest
News  |  3/28/2013  | 
One of the world’s largest hedge funds Winton Capital announced that its Henri Capital spinout will close after two years of trading due to a lack of clients.
Hedge Fund Manager Cohen Buys Wynn's Picasso for $155 million -Report
News  |  3/26/2013  | 
Hedge fund manager Steven A. Cohen has bought a famous Picasso painting from casino mogul Steve Wynn for a record price, according to a report in the New York Post on Tuesday.

Bonaire Software Releases Revport for Invoice Reconciliation
News  |  3/26/2013  | 
The software enables fund managers, fund distributors and fund administrators to simplify and automate the process of reconciling invoices from different intermediaries.
Columbia University Professor Analyzes HFT
News  |  3/22/2013  | 
Based on what it calls 'the first meta-analysis of HFT,' Columbia Business School Professor Charles Jones finds that high frequency trading benefits liquidity and lowers trading costs, echoing other academic studies.
Captrust Financial Advisors Deploys Linedata Front Office Suite
News  |  3/21/2013  | 
The wealth management firm will manage its institutional equity and fixed income business through Linedata's consolidated platform covering portfolio management, trading, pretrade compliance and reporting.
Derivatives Trading Revenue Rose 73 Percent in Fourth Quarter
News  |  3/20/2013  | 
Trading revenue at U.S. banks increased 73 percent last quarter, on a surge in trading of over-the-counter interest rate derivatives.
U.S. Top Court Won't Hear Goldman Class Action Appeal
News  |  3/18/2013  | 
Goldman Sachs Group Inc suffered a defeat on Monday as the U.S. Supreme Court let stand a decision forcing it to defend against a class action lawsuit claiming it misled investors about the risks associated with mortgage securities.

HFT Has Run Its Course In The U.S. Equity Market
News  |  3/18/2013  | 
High-frequency trading has blown through the business life cycle stages in five short years and is already on the decline.
The 27-Year-Olds Are Taking Us Down (Again)
Commentary  |  3/14/2013  | 
The young financiers making the mistakes change but the flaws in the incentives and risk models at the heart of the global financial system remain basically unchanged.
PT Schroder's to Go Live with Omgeo CTM in Indonesia
News  |  3/11/2013  | 
PT Schroders Investment Management Indonesia will use Omgeo's central trade matching services to communicate trade details with broker/dealer counterparies, while advocating post-trade automation to Indonesian broker community.
Is Citi Safer Than JPMorgan?
News  |  3/11/2013  | 
The newest stress tests for U.S. banks produced scores that are at odds with other measures of lenders' safety, in another sign that some institutions may be too big for regulators to understand and executives to manage.
Can We Do Better? Take the Securities Industry Objective Quiz
Commentary  |  3/11/2013  | 
We should be honest about our true objectives.
Twitter, Social Media are Fertile Ground for Stock Hoaxes
News  |  3/11/2013  | 
Prominent short-seller David Einhorn raised eyebrows last month when he popped up on Twitter to disavow that he had tweeted about Herbalife Ltd.

Icahn Says Dell Agrees to Confidential Look at Books
News  |  3/11/2013  | 
Dell Inc has agreed to give Carl Icahn a closer look at its books less than a week after the activist investor joined a growing chorus of opposition to founder Michael Dell's plan to take the world's No. 3 personal computer maker private.

Bitter Hedge Fund Divorce Battles For Custody of the Algos
News  |  3/8/2013  | 
A long-running divorce between two hedge fund giants isn't over who gets the mansion or the yacht - but who gets to keep the trading algorithms.
Hedge Fund Portman Square Scales back, CEO Steps Down — Sources
News  |  3/7/2013  | 
The chief executive of one of Europe's most talked-about new hedge fund firms has stepped down in a bid to save costs after a big investor pulled its support, people familiar with the situation said.

Meet The Unquantables: The SEC's Quant Team Briefs the FBI
News  |  3/6/2013  | 
The jig’s up. The SEC’s team of quants is briefing the FBI and other regulatory bodies about how you trade and evade at high speeds.
IT Spending Expected To Grow 5% In Financial Services
News  |  3/6/2013  | 
A new IDC report shows that as the economy stabilizes, financial firms will spend more on technology in 2013.
Legg Mason May Cut Funds, Offices — CFO
News  |  3/5/2013  | 
Legg Mason Inc may trim the number of funds it offers and offices it operates, but does not expect major cost-cutting like that begun in 2010, the asset manager's chief financial officer said on Tuesday.

Meet The Top Hedge Fund Billionaires
News  |  3/5/2013  | 
Forbes' recent listing of the top hedge fund managers and traders who are billionaires is pretty much what you would expect.
The Buy Side's Elusive Hunt For Alpha
News  |  3/4/2013  | 
The buy side is crunching transaction data, automating algorithmic trading decisions and building analytics in an effort to more effectively track down alpha.
The iPhone 6 is On Its Way
News  |  3/4/2013  | 
Will it be bigger? Smaller? Cheaper? Faster? We take a look at some of the latest rumors.
As Washington Frets, Markets Take Sequester Spending Cuts in Stride
News  |  3/1/2013  | 
Broad spending cuts designed to slam most government programs were set to begin taking effect today, yet investors have so far barely batted an eyelash.

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