Quant Looks for Human Touch
The man who brought quantitative trading to Goldman Sachs is starting a new fund with greater oversight of the process - by real people.
China Embarks on Sweeping Brokerage Sector Reforms
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.
Ingersoll CEO Met With Peltz's Trian Fund
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
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
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.
JPMorgan's Whale in a Fishpond
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
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.
MF Global Clients Bash Fat Fees, Seek Quick Wind-Down
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.
Facebooks Debuts on Wall Street
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.
Lone Pine Capital Taps SS&C's Form PF Solution
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.
Inside the Education of a Quant
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.
JPMorgan Loss Shows Risks In Safe-Haven Banks
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.
Is JPMorgan "Too Big to Manage"?
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
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.
Bernanke: US Banking System Healthier After Crisis
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.
Portware Acquires Aritas Group
Aritas offers a suite of predictive analytics and trade optimization solutions designed to reach alpha and minimize trading costs for institutional investors.