Feature
R&R 2.0: Summer Getaways
COVER STORY
More lip service to oversight
Readers are no doubt becoming tired of my editorialising of hedge fund regulation in the US, but so long as government officials and the Securities and Exchange Commission (SEC) provide more fodder for the keyboard, I'm not really in a position to resist.
Corporate firefighters – Joel Clark looks at enterprise data management initiatives on the buy side and concludes that firms’ approaches to managing data is more reactive than proactive due to spiralling costs and debilitating time frames.
As buy-side firms trade increasingly complex instruments and new regulations demand stronger evidence of best execution, it seems a natural time to streamline the processes governing the management of data across the organisation. But as Joel Clark…
Hammer Time – Joel Clark plots the rise in popularity of internet-based auction platforms for the securities lending industry and explains the transparency and competition benefits offered by such systems.
Securities lending represents a growing part of the over-the-counter market, allowing investors to make short-term loans of their securities to generate revenues from their portfolios. Automation is a strong trend in the market, with several technology…
Rise of the replicants – Duncan Wood scrutinises the recent emergence of bank-launched indexes and their attempts to replicate certain hedge fund strategies through quantitative, rules-based products.
Investment banks are upping their efforts to mimc hedge fund strategies through quantitative, rules-based products. A variety of indexes have emerged that claim to replicate the major hedge fund strategies, although some fund managers are sceptical of…
Making Global Warming Pay
The nice thing about capitalism is that no matter what happens, for better or worse, there is always a way to make a buck, or a quid, off it.
Paying for Mifid
Call me a cynic, but is there any firm in the industry that doesn't expect to write a large check to regulators once the Markets in Financial Instruments Directive (Mifid) goes into effect on Nov. 1?
Dark Pools on the March
When it comes to dark pools of liquidity in the equities world, the industry has had enough. Depending on which industry analyst's estimation you select, the more than 40 opaque trading venues are enough. I doubt that there were this many ECNs during the…
Making History
Today will go down as a major historical milestone. I'm not talking about commemorating 13 British colonies declaring independence, the merger of Upper and Lower Canada into the Dominion of Canada, or even independence of Argentina. No, today marks the…
Editor, Interrupted
I had planned to write this week’s letter on the U.S. market’s preparations for the July 9 Regulation NMS deadline, but when I learned that a car bomb plot was foiled outside our London office—which is located right in the middle of Haymarket—obviously,…
Make Me Accountable
Chief Data Officers
The Role of the CDO
Chief Data Officers
People Moves
People Moves
The Buy-side Backlog
Automation
ISINs on the Move
Standards
Winners of our fifth annual Waters Rankings
WATERS RANKINGS 2007
Lessons to be learned
What appears to be the first major demonstration of how problematic pension fund managers' inclination to increase allocations to hedge funds are proving to be, is unfolding in the wake of last year's Amaranth Advisors collapse. By Stewart Eisenhart
Tapping technology – Joel Clark addresses the perennially topical issue of the ASP (application service provider) model across the buy side, and finds that it is not only end-user firms opting for the ASP route – Credit Suisse’s prime brokerage is already
Vendor-hosted technology, or 'apps-on-tap', is not a new phenomenon but it is a changing one. Gone are the days when ASP was confined to back-office technologies at funds on tight IT budgets; ASPs have permeated every facet of the buy side, so that only…
The scheming of the green
How do you know when an environmentalist is exaggerating about the dangers of climate change? Easy: their lips are moving. By Phil Albinus