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News & Commentary
Content tagged with Risk Management posted in May 2012
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5 Technology Adoption Tips for Portfolio Management Platforms
News  |  5/31/2012  | 
Consider the following top five recommendations from Celent, Cornerstone Revolutions and AZA Capital Management experts for smoothly transitioning to a modern portfolio management platform.
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While many RIAs still struggle with manual, outdated or disparate systems, firms such as AZA Capital Management are transitioning to integrated suite-based portfolio management solutions to improve productivity,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.
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.
Big Data's Role in Meeting Compliance and Regulatory Challenges
Commentary  |  5/29/2012  | 
Responding to the changes in the financial industry with yesterday's data capabilities will place financial institutions at a disadvantage. Utilizing big data technologies can help firms meet financial reporting requirements, says DataArt's Oleg Komissarov.
Cheated Again: Madoff Victims Receive Millions Less Than Trustee
News  |  5/29/2012  | 
Irving Picard’s fee is a huge $850 an hour. But is he worth his weight in gold?
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.
Banks Shrink from Counterparty Risk as Euro Crisis Rolls On
News  |  5/29/2012  | 
Alarmed by Europe's latest debt crisis and its unpredictable outcome, banks are getting increasingly picky about who they do business with for fear of taking on risky exposures to rivals who could be about to be whipsawed by bad debts.
From Facebook to Quants -- The Top Quotes of the Week
Slideshows  |  5/25/2012  | 
It wasn't all Facebook, Facebook, Facebook this week, although you could be excused for thinking that this was all anyone was talking about. Along with a badly bungled IPO, we found scintillating quotes about insider trading, quants vs. humans and a passionate defense of private equity from an unlikely source in a presidential election year. Enjoy AT's Top Quotes of the week -- and remember to have some fun this Memorial Day Weekend.
The Facebook IPO Debacle, JPMorgan Deja Vu, What Will RIM Do With the BlackBerry? and More Quotes of the Week
Slideshows  |  5/24/2012  | 
Facebook's flubbed IPO, too-big-to-fail banks, RIM/Blackberry's future, JPMorgan's financial circus deja vu and the euro's coming armageddon are just a few of the quotes that made it to this week's quote roundup.
Fidelity Facing "Thousands" Hit by Facebook Woes
News  |  5/24/2012  | 
Fidelity is working with "thousands" of brokerage clients affected by trading issues that have engulfed Facebook's IPO.
Fisher Investments Opens Sydney Office
News  |  5/24/2012  | 
With a new Australian subsidiary, the money manager is looking eastward.
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.
Wall Street Unfazed on Euro Zone Worries
News  |  5/24/2012  | 
U.S. stocks was little changed on Thursday in volatile trading as ongoing concerns about Greece's possible exit from the euro zone and tepid data on the U.S. economy gave investors little reason to take risk.
What, Me Worry? Alfred E. Neuman & Dodd-Frank
Commentary  |  5/24/2012  | 
Hiding your head in the sand is not an option with the most complex financial law in 70 years.
Wells Fargo Has A Different Kind of Risk Management
News  |  5/23/2012  | 
Wells Fargo & Co doesn't employ the same kind of hedging strategy that has triggered a trading loss of at least $2 billion at rival JPMorgan Chase & Co, the bank's chief risk officer said.
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.
Clearing as a Catalyst: FX Forwards, NDFs and FX Swaps Join the Modern Age
Commentary  |  5/21/2012  | 
The more-robust capturing, reporting and clearing of FX forwards, NDFs and swaps should be counted as one of the more positive aspects created by the Dodd-Frank process, says Tabb Group CEO Larry Tabb.
JPMorgan Risk Chief Had History of Trading Losses and Sanctions
News  |  5/21/2012  | 
Goldman's previous Wall Street firm received a slap on the wrist from regulators.
Could HFT Hedge Funds Spark a New Flash Crash?
Commentary  |  5/21/2012  | 
JPMorgan To Be Haunted by Change in Risk Model
News  |  5/21/2012  | 
JPMorgan's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered.
Wall Street’s 9 Worst Bets Ever: From Nick Leeson to JPMorgan
Slideshows  |  5/21/2012  | 
In the wake of JPMorgan’s ill-conceived hedging strategy, which cost the bank its sterling reputation along with $2 billion and counting, Advanced Trading decided to highlight some of Wall Street’s worst bets ever.
Even Facebook Can't Get Investors to 'Like' the Markets
Commentary  |  5/18/2012  | 
The historic debut of the social networking giant on the Nasdaq was unable to help investors forget what ails the global markets.
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.
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.
Ex-ECB Head Unveils Bold Plan To Save The Euro
News  |  5/18/2012  | 
Europe could strengthen its monetary union by giving European politicians the power to declare a sovereign state bankrupt and take over its fiscal policy, the former head of the European Central Bank said on Thursday in unveiling a bold proposal to salvage the euro.
JPMorgan's Dimon To Testify Before Congress
News  |  5/18/2012  | 
JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses.
Casino Banking, Quant Schools, Bad Banks, Clawbacks and More
Slideshows  |  5/18/2012  | 
JP Morgan's $2 billion trading gaffe continues to make headlines, closely followed by Facebook's IPO, as well as the search for tech talent and quants. Wall Street & Technology keeps you in the loop by compiling some of the best quotes of the week.
Secure Your Docs, But the User Should Always Come First
Commentary  |  5/17/2012  | 
Users have no patience for clunky document management systems, so it was refreshing to discover that Rosenblatt Securities and Blackstone Group are using Watchdox, a user-friendly way to secure documents.
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.
Regulators Should Define Hedges Narrowly
News  |  5/17/2012  | 
JP Morgan's reported loss on a "hedge" highlights the way the concept has been stretched in the last two decades to cover a broader range of transactions than before, many of which have little to do with the traditional concept of offsetting underlying price risks with like-for-like derivative positions.
Morgan Stanley Annual Meeting Disrupted by OWS Offshoot
Commentary  |  5/16/2012  | 
The "99% Spring" managed to drown out Morgan Stanley's shareholder vote count, but without a strategy aimed at steering elections, they won't force any meaningful policy changes.
JPMorgan Investment Unit Played by Different High-Risk Rules
News  |  5/16/2012  | 
The JPMorgan Chase unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank.
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 & Co, and they posed questions to senior management at the bank, a source familiar with the situation said.
JPMorgan Investment Unit Played by Different Rules
News  |  5/16/2012  | 
The JPMorgan Chase & Co. unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank, according to people familiar with the situation.
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?
Anxious EU Ministers Edge Towards Bank Rules Deal
News  |  5/15/2012  | 
European finance ministers edged closer on Tuesday to breaking a deadlock on tougher capital standards for banks, a reform designed to prevent another financial crisis but which has exposed deep rifts between Britain and the rest of the EU.
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.
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 CIO Chief Drew Quits After Trading Loss
News  |  5/14/2012  | 
JPMorgan Chase & Co sacrificed investment chief Ina Drew on Monday in response to trading losses that could reach $3 billion or more and which have tainted the reputation of the bank's high profile chief executive Jamie Dimon.
How Exactly Did JPMorgan Pass a Fed Stress Test?
News  |  5/11/2012  | 
News of the investment bank's $2 billion loss through a poorly crafted hedging strategy sent a shockwave throughout the global marketplace, once again putting regulatory bodies under the spotlight.
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.
Dimon's $2 Billion Bet Proves the Volcker Rule
Commentary  |  5/11/2012  | 
As Wall Street firms were making a case against Dodd-Frank and The Volcker Rule, JPMorgan loses big on a prop trading bet that blew up in their face.
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.
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.
Is the End of Single-Stock Circuit Breakers Near?
News  |  5/10/2012  | 
The SEC's forthcoming 'limit up, limit down' provision could be a better way of dealing with erroneous trades and runaway markets. By Kerry Massaro Bowbliss
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.
Fraud Case Against AIG Ex-CEO Greenberg Cleared for Trial
News  |  5/9/2012  | 
A New York appeals court gave former AIG CEO Maurice "Hank" Greenberg a partial victory in the state's fraud lawsuit against him over two suspect reinsurance transactions, but cleared the way for the case to go to trial.
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