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News & Commentary
Content tagged with Asset Management posted in May 2012
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Commission Shrinkage Complicates Life for Buy Side
News  |  5/31/2012  | 
As the trading slump caused equity brokerage commissions to contract through Q1 2012, institutions upped their research payments to the sell side. But where does that leave electronic trading?
A Modern Trend: Suite-Based Portfolio Management Systems Are The Latest Must-Have for RIAs
News  |  5/31/2012  | 
While many RIAs still struggle with manual, outdated or disparate systems, firms such as AZA Capital Management are transitioning to integrated suite-based portfolio management solutions to improve productivity, reduce costs and enable growth.
Is Co-Sourcing The New Outsourcing for Asset Managers?
News  |  5/30/2012  | 
Co-sourcing could be a model that both large funds and start-ups consider as they grapple with uncertain economic conditions.
'Corzine Rule' Proposed for Futures Brokers
News  |  5/30/2012  | 
Under a proposed rule, futures brokers would need to get approval from a top executive before making big withdrawals from customer accounts.
Can Brokers Evolve to Avoid Extinction?
Commentary  |  5/30/2012  | 
In a "A Night At The Museum" Fidessa's Steve Grob explores how brokers must adapt to keep the Buy Side up and running.
Betting on a Further Facebook Fall
Commentary  |  5/30/2012  | 
The options markets do not have high hopes for the social media giant. Next stop: $10 a Share.
Meet the Hedge Fund Manager on the Other Side of the JPMorgan Bet
Commentary  |  5/29/2012  | 
His name is Boaz Weinstein and he turned Jamie Dimon's lemon of a bet into sweet lemonade.
Knight Capital Hit by Possible $35 Million Facebook Loss, Wants Nasdaq to Pay
News  |  5/24/2012  | 
Electronic trader Knight Capital said it suffered a pre-tax loss of $30 million to $35 million on the botched Nasdaq trading debut of Facebook.
Quant Looks for Human Touch
Commentary  |  5/24/2012  | 
The man who brought quantitative trading to Goldman Sachs is starting a new fund with greater oversight of the process - by real people.
Fisher Investments Opens Sydney Office
News  |  5/24/2012  | 
With a new Australian subsidiary, the money manager is looking eastward.
Ex-Millennium Collison Shuts Asia Hedge Fund
News  |  5/24/2012  | 
The closure is the latest in a growing list of hedge funds to shut shop in the region.
Fidelity Works to Calm Customers' Facebook Concerns
News  |  5/24/2012  | 
Nearly a week after the initial public offering of Facebook, Fidelity Investments signaled it is still dealing with customer confusion over whether they actually own shares in the social media company.
China Embarks on Sweeping Brokerage Sector Reforms
News  |  5/23/2012  | 
China's securities regulator is planning to introduce a raft of reform measures to transform the brokerage sector, with an aim to create globally competitive investment banks, a regulatory document showed.
Oaktree Io Invest $225M in Diamond Foods
News  |  5/23/2012  | 
Diamond Foods said on Wednesday that Oaktree Capital Management will invest $225 million in the company to recapitalize its balance sheet.
Ingersoll CEO Met With Peltz's Trian Fund
News  |  5/23/2012  | 
Ingersoll Rand Plc's CEO said he met with executives of Nelson Peltz's Trian Fund, which this month revealed it had taken a 7 percent stake in the air conditioning and security systems maker.
Facebook, Zuckerberg, Banks Sued Over IPO
News  |  5/23/2012  | 
Facebook Chief Executive Mark Zuckerberg, and several banks led by Morgan Stanley were sued by shareholders, who claimed the defendants hid the social networking leader's weakened growth forecasts ahead of its $16 billion initial public offering.
Omgeo and Blackrock Push for T+O in Taiwan
News  |  5/22/2012  | 
Omgeo is working with investment managers across Taiwan, including Blackrock, the world's largest money manager, to eliminate inefficiencies and trade fails through same day affirmation of trade details on T+0.
Facebook's IPO Fail: What Went Wrong on the Nasdaq
Commentary  |  5/21/2012  | 
As Nasdaq deals with the fallout of Facebook's IPO flop, Bloomberg's Matt Miller tried to get some answers from Cuttone & Company's Keith Bliss
Renaissance Capital Joins Sungard Global Network
News  |  5/21/2012  | 
Offers direct access to Russian equity markets for buy side institutions,following an exchange merger and changes in market structure and settlement procedures.
Could HFT Hedge Funds Spark a New Flash Crash?
Commentary  |  5/21/2012  | 
JPMorgan's Whale in a Fishpond
News  |  5/21/2012  | 
Former Kansas City Fed President Thomas Hoenig suggested banks that are too big to fail are also too big to exist, and should be broken up.
Barclays to Sell $6.1 Bln BlackRock Stake
News  |  5/21/2012  | 
British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings.
Merrill Lynch Empowers Its Financial Advisers With Cutting-Edge Technology
News  |  5/18/2012  | 
To boost the productivity of its most skilled financial advisers, Merrill Lynch partnered with Charles River to customize a browser-based portfolio trading platform. By Ivy Schmerken
Nasdaq Swoons on Facebook Open
News  |  5/18/2012  | 
The exchange-operator had to postpone the listing of the social media giant for half an hour this morning.
MF Global Clients Bash Fat Fees, Seek Quick Wind-Down
News  |  5/18/2012  | 
The legal team winding down MF Global's bankruptcy estate, led by former FBI director Louis Freeh, estimates the fees charged by the team and other professionals have reached nearly $25 million since the bankruptcy was filed in October.
JPMorgan CEO Gets Crisis Marks But War Isn't Over
News  |  5/18/2012  | 
Shooting from the hip may have got Jamie Dimon into deep trouble -- shooting straight may help to get him out of it.
The iPhone5 Is Almost Here, And It’s Going To Be Big
News  |  5/18/2012  | 
A multitude of rumors about Apple's latest smartphone have been swirling around the web. Here is a low down of what it is expected to look like.
Facebooks Debuts on Wall Street
News  |  5/18/2012  | 
Investors are bracing for Facebook's Wall Street debut on Friday after the pioneering online social network raised about $16 billion in one of the biggest initial public offerings in US history.
Big Insights Lacking at "Best Ideas" Hedge-Fund Event
News  |  5/17/2012  | 
A highly anticipated hedge-fund conference where managers are invited to share their "best ideas" with investors fell flat on that score.
Lone Pine Capital Taps SS&C's Form PF Solution
News  |  5/17/2012  | 
Hedge fund chooses SS&C's web-enabled Form PF application for compliance with a new rule that requires investment advisers and private funds to provide data to the Financial Stability Oversight Council for monitoring systemic risk.
JPMorgan Trade on Regulators' Radar in April
News  |  5/16/2012  | 
Regulators first raised concerns in April about trading positions that led to a $2 billion-plus loss at JPMorgan Chase.
Inside the Education of a Quant
News  |  5/15/2012  | 
Wall Street firms may be shedding jobs, but they still need quants. Baruch College's Jim Gatheral and Dan Stefanica discuss what's in store for the Quant Class of 2012.
Why Wall Street Is Hungry For Quants, Even As It Shrinks
News  |  5/15/2012  | 
Quantitative analysis is the fastest growing area on Wall Street. Advanced Trading explores why quants are in such high demand, what the next generation of quants is learning, and how the buy side is putting them to work.
TradeKing and Zecco Merge To Challenge “Big 5” Brokerages
News  |  5/15/2012  | 
The merger of the two competing brokerages, which are leaders in the social media space, makes sense for several reasons.
What If Goldman Sachs Lost a $2 Billion Bet?
Commentary  |  5/15/2012  | 
Wall Street golden boy Jamie Dimon is in a PR nightmare - usually the realm of Goldman Sachs. What would the reaction be if the CEO in the penalty box were Lloyd Blankfein?
JPMorgan Loss Shows Risks In Safe-Haven Banks
News  |  5/15/2012  | 
JPMorgan Chase & Co's $2 billion-plus trading loss stems from an embarrassment of riches, as like other banks that came out well from the financial crisis it has surplus money burning a hole in its pocket.
Romney Campaign Defends JPMorgan Loss As Market Risk
News  |  5/15/2012  | 
U.S. Republican presidential candidate Mitt Romney's campaign said on Tuesday JPMorgan Chase & Co's huge trading losses were an unfortunate part of a free market economy.
For Regulators, JP Morgan’s $2 Billion Loss Is Really Not A Big Deal
News  |  5/14/2012  | 
Besides stress tests, the Fed has not produced any alternative way of truly guaranteeing the stability of the financial system.
Is JPMorgan "Too Big to Manage"?
News  |  5/14/2012  | 
JPMorgan's surprising $2 billion trading loss begs a post-financial-crisis question: Are America's biggest banks simply too big to manage?
Guggenheim Investments Picks NAV Platform
News  |  5/14/2012  | 
In a move to eliminate spreadsheets and reduce operational risk, Guggenheim chose Milestone Group's pControl platform to automate the production and control of net asset values.
JPMorgan Dents Teflon Image with $2 Billion Trading Loss
News  |  5/11/2012  | 
Jamie Dimon, JP Morgan's CEO, apologized for the $2 billion error but says he is still opposed to the Volcker Rule.
Euro's Future Very Uncertain, Ex-British PM Tells TD Ameritrade Investors
News  |  5/11/2012  | 
If any European leader were to give a speech in my place, they would insist that the Euro will survive, Tony Blair said at the meeting in New York.
Netik Launches vMobile for Data Management
News  |  5/10/2012  | 
Emphasizing security and entitlement, vMobile positions Netik to extend the reach of its data management solutions to iPads, Androids and Blackberry Playbook devices.
The Evolution of a Broker's Market Access Decision
Commentary  |  5/10/2012  | 
Fortress Commodities Fund To Close After Losses
News  |  5/10/2012  | 
U.S.-based Fortress Investment Group said the hedge fund will cease operations around May 23.
Bernanke: US Banking System Healthier After Crisis
News  |  5/10/2012  | 
Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. banking system has made substantial progress toward becoming healthier since the financial crisis but noted there still were problem lending areas.
Hedge Funds Must Search for Alpha Compliance, Too
Commentary  |  5/9/2012  | 
Hedge funds must alter their approach to compliance as they face a new level of scrutiny from both regulators and investors, says NICE Actimize's Stephen Anikewich.
How Broker Order Routing Choices Cost the Buy Side Billions
News  |  5/9/2012  | 
In a new report, Woodbine Associates explains how "sub-optimal" routing by brokers costs the buy side up to $5 billion a year.
Portware Acquires Aritas Group
News  |  5/9/2012  | 
Aritas offers a suite of predictive analytics and trade optimization solutions designed to reach alpha and minimize trading costs for institutional investors.
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