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News & Commentary
Content tagged with Asset Management posted in September 2006
FTN Financial Adapts to OTC Derivatives Activities
News  |  9/28/2006  | 
By Tim Clark, Wall Street & Technology Memphis, Tenn.-based financial services provider FTN Financial Group (FTN) has selected SunGard's Adaptiv to manage its OTC derivatives business activities with its clients.
Northern Trust Ranked No. 1 Lender by ISF
News  |  9/28/2006  | 
By Tim Clark, Wall Street & Technology Northern Trust recently announced that its Global Securities Lending program has been named the No. 1 lender in North America by borrowers in the 2006 International Securities Finance(ISF) Equity Finance Survey of Borrowers Rating Lenders. Northern Trust was also awarded the No. 1 ranking in multiple service categories recognizing its sup
Finetix/Cadence Partnership Mitigates Hedge Fund Risk
News  |  9/28/2006  | 
By Tim Clark, Wall Street & Technology Financial services consulting firm Finetix recently announced its partnership with Cadence Capital Group LLC, a New York-based hedge fund specializing in options, aggressive long-short and delta-neutral strategies. According to Cadence cofounder Dmitry Babayev, the partnership was designed, in part, to avoid a hedge fund
Mellon Asset Management Saves With CRM
News  |  9/28/2006  | 
By Tim Clark, Wall Street & Technology Mellon Asset Management has achieved significant financial savings estimated by Mellon to be worth $944,000 in infrastructure and software, and $377,000 in support in just two months following its implementation of the Pivotal Customer Relationship Management (CRM) solution.
Could Technology Have Prevented the Amaranth Blowup?
News  |  9/26/2006  | 
By Tim Clark, Wall Street & Technology As federal regulators begin to investigate the catastrophic blowup of hedge fund Amaranth Advisors-whose $6 billion in losses resulted from bad bets on natural gas futures-the industry at large is scratching its head as to why the fund adopted such a risky investment strategy to begin with. This begs the question: Could technology, risk management or otherwise, have prevented the Amaranth debacle?
UTI Bank Reels In Credit Derivatives Tool
News  |  9/21/2006  | 
By Tim Clark, Wall Street & Technology In an effort to better manage its derivatives portfolio, UTI Bank has selected the RisKompass software solution from Pyxis Systems.
Securities America Bolsters Wealth Reporting Capabilities
News  |  9/20/2006  | 
By Tim Clark, Wall Street & Technology In an effort to bolster its wealth reporting capabilities, Securities America has armed its 1,800 financial advisors with WealthMonitor, a web-based application designed by Albridge Solutions. This recent deal signifies the growing need for wealth management providers to deliver more focused attention to their High Net Worth Individual clients.
Northern Trust Lands Major Middle Eastern Fund
News  |  9/20/2006  | 
By Tim Clark, Wall Street & Technology The multi billion dollar Abu Dhabi Pensions & Benefits Retirement Fund has selected Northern Trust as its sole global custodian to provide investment risk and analytical services, including performance measurement and attribution analysis.
Hedge Funds Drive Capital IQ Growth
News  |  9/19/2006  | 
Standard & Poor's Capital IQ, a Web-based data tool designed for the financial services community, announced that its client base doubled to 1,500 since its acquisition by Standard & Poor's in 2004.
Venues Fight for Market Share
News  |  9/18/2006  | 
Boston-based Aite Group predicts that competition among market centers, along with structural and regulatory forces, will alter the shape of the U.S. equities market by 2010.


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