Buy-Side Technology/Special
Celent report: IT spending down in 2009, moderate growth in 2010
According to a new report from Boston-based consultancy Celent, IT spending in financial services: A global perspective , institutions globally will spend $353.3 billion on IT during 2009. This is a 1.3% decline compared with 2008, and is markedly lower…
Case study Perfect partners
Guernsey-based Corazon Capital has been through a number of organisational changes in its twelve-year history, which culminated in the implementation of a new investment management platform developed by Third Financial Software at the end of last year …
Technology spending to drop 5% during 2009
Ongoing challenges impacting financial market participants is likely to drive down technology spending at buy-side firms even though they are being spurred by regulators and investors to enhance their enterprise-wide risk management and transparency…
Hedge fund IT spending to fall below $1 billion
As hedge fund managers square up to the most precipitous market challenges in their history, the global hedge fund industry will likely have to contend with the prospects of fewer funds in business, lower total assets under management, and slashed…
Insurance industry IT spending to shift gear
IT spending in the insurance sector will be less hard hit than the banking sector in 2009, but will shift to focus more on risk management and compliance, a Datamonitor report has found.
Complex market conditions driving PM&A uptake
Faced with long-term market volatility, increasingly complex asset types and more exacting investor requirements, traditional asset managers and hedge funds are turning in greater numbers to performance measurement and attribution (PM&A) systems…
Storm clouds gather at Sibos
Following the most dramatic weekend in the financial markets in recent history, last month's Sibos conference in Vienna gave delegates the opportunity to discuss the impact that the ongoing credit crisis might have on their businesses. But as Joel Clark…
New York puts on a brave face at Best Ex 2008
With the current turmoil and uncertainty permeating most facets of the US economy, one would be forgiven for assuming that buy- and sell-side practitioners would have been too fixated on their Bloomberg terminals to attend a one-day conference. But as…
Collateral management technology gains buy-side traction
The substantial growth of over-the-counter derivatives trading by traditional asset managers and hedge funds has driven up the use of collateral instruments, providing collateral management technology vendors with an opening to gain more buy-side…
As Rome burns
Stewart Eisenhart was in San Francisco midway through last month to attend this year's TradeTechWest conference. He reports that, while the current financial crisis in the US offered attendees and panellists the perfect opportunity to cry off, the no…
Hedge funds managing in tougher operational environment
Despite ongoing turbulence in the global financial markets, some sectors of the hedge fund industry are not only surviving but adapting to successfully achieve their investment mandates. A new Celent report does not discount the casualties among hedge…
OMS vendors look to smaller, international managers for future growth
With North American and Western European buy-side markets at their saturation points, a new TowerGroup report anticipates a slower rate of growth for the buy-side OMS market. The future of OMS vendors' growth prospects, says the report, lies with small-…
White paper calls for greater fund pricing transparency
Hedge funds' pricing and valuation methodologies never seem far from the spotlight these days as the industry contemplates ongoing calls for greater levels of disclosure and transparency. However, as Stewart Eisenhart reports, calling for reforms and the…
The more prime broker relationships, the better
Large and mid-tier hedge funds have been trimming the numbers of their prime broker relationships over the past two years, eliminating redundancies and gaining operational efficiencies. But that may change in the wake of the Bear Stearns collapse and…
Hedge fund OTC derivatives processing market to double by 2010
Over-the-counter derivatives processing technology has historically gained most of its traction on the sell side, but providers' opportunities to expand market share among buy-side users look set to expand significantly as hedge funds and traditional…
Euro wealth management tech market nears $2 billion
Spending by the European wealth management industry will reach $1.7 billion by the close of 2008, growing at a somewhat more modest pace than in recent years as global economic indicators remain volatile. Despite current challenges in financial markets…
Adopting a do-it-yourself approach to MBS dealings
Sailing remains anything but smooth for the mortgage-backed securities market, a situation exacerbated by a significant lack of third-party support for trading, pricing, and risk management of these instruments. But that hasn't swayed alternative…
Search for alpha to push quant assets towards $7 trillion in 2008
Quantitative investment strategies had amassed an estimated 12 per cent of global assets under management by the close of 2007, a clear indication that more buy-side and hedge fund managers have deployed such models in the pursuit of alpha. Stewart…
Fund accounting system spend to hit $500 million by 2012
The market for hedge fund portfolio accounting systems will grow from $394.4 million this year to a shade under $500 million in 2012 as managers seek to meet evolving regulatory requirements and develop more automated processes to handle derivatives and…
Investor demand for customised benchmarks on the rise
According to new research, pension funds in the US and Europe are set to rely on more customised benchmarks in order to accurately measure the performances of the buy-side institutions to which they allocate capital and the instruments in which they…
Fund of funds market shows healthy growth
Research note illustrates the extent to which the global fund of hedge funds industry is expected to flourish, even though this growth will be concentrated within a handful of the largest fund managers and administrators. By Victor Anderson
Indian wealth management sector set for rapid growth
As India's economy continues its rapid expansion driving up individual income levels, wealth management providers in the country are poised for substantial growth. Once firms begin taking on additional clients, though, they'll require more advanced…
Liquidity sourcing tops buy-side business drivers for 2008
The need to capture liquidity sources across fragmented markets will clearly dominate investment managers' operational, strategic, and technology initiatives in the coming year. But along with that objective come issues of having to deal with more…