Charles River deploys IMS to South African prime broker

"As a group, Sanlam has all the components to service the local hedge fund market but the one missing piece was prime brokerage," says Terence Naidu, co-head of SPS.

With three employees and a back office shared with Sanlam Capital Markets, the prime brokerage business was under development for more than a year but is now actively pitching its front- and middle-office services to South African hedge funds. So far it has one client on board; a statistical arbitrage hedge fund known as GenX.

When

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

Build versus buy: How to evaluate your software

For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

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