The controversial Volcker Rule prohibits banking entities from making risky, speculative investments with their own money. More specifically, the rule restricts banking institutions from engaging in propriety trading, such as investing or sponsoring funds in ways that do not directly benefit their clients. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 included
Cloud
FTF News Predictions for 2013 – Download our Digital Issue Today!
To say the least, FTF News is very proud to present our first completely digital magazine. As you flip through the pages (love those sound effects) and admire the look of it, you will see that we are making some major predictions for 2013. To cut to the chase, for our top prediction, we are
Hedge Funds
D-Day for IFRS 13, It’s Time to Move
The end of Q1, 2013 brings its own form of D-Day for the investment funds industry: Data Day. For it is on this date that International Financial Reporting Standards 13 Fair Value Measurement (IFRS 13) becomes effective. The aim of IFRS 13 is to introduce a consistent global definition of fair value, along with enhanced
Uncategorized
The Rise and Rise of Reconciliation Systems
Guest Contributor: Duncan Wheatley, Managing Director, Watson Wheatley Ltd Several years ago I was responsible for the global operations of a $350bn asset manager running institutional and private client money and mutual funds. We had 250 operations staff; 60% were responsible for day to day account reconciliation. We had no automated reconciliation, no automated data
Wall Street
“What Is” Hedge Fund Administration?
Hedge fund administration involves the accounting, consulting and management of an investment firm’s key funds. A third-party, hedge fund administrator’s primary duties are to protect investors’ interests and to ensure that a firm’s funds are operating efficiently. More specifically, a hedge fund administrator’s responsibilities may include, but are not limited to: Calculating the Net Asset
Guest Blog
Key Current Challenges of the Asset Management Industry and Operational Answers
Guest Contributor: Peter Ellis, General Manager EMEA, BI-SAM Investment management is under great pressure. Volatile markets make accurate forecasting impossible and the growth in regulation increases the cost of doing business for all participants. Investment managers must find new ways of working to achieve more with less. Technology has a vital role to play in
What is series
“What Is” Libor?
The London Inter-Bank Offer Rate (Libor) is the estimated interest rate, fixed daily, that banks in London use for bank-to-bank borrowing. Overseen by the British Bankers Association (BBA), Libor is calculated by producing the average interest rate submitted by the 18 most credit-worthy banks. Established by the BBA in 1986, Libor has become the global
Guest Blog
Should OTFs be Included in the Equities Market?
Guest Contributor: Simmy Grewal, Senior Analyst, Aite Group The 2008 financial crisis and the May 6, 2010 “flash crash” have spurred politicians and regulators across the globe to instigate regulation that will protect the safety of our capital markets. Financial crisis aside, the European capital markets regulation, the Markets in Financial Instruments Directive (dubbed MiFID
Buy-Side
“What Is” GIPS?
The Global Investment Performance Standards (GIPS) is a set of voluntary, ethical principles that govern the reporting, valuation, advertising and disclosure issues of the funds overseen by investment management firms. The GIPS benchmarks are primarily used when investment managers present the results of their financial performance to clients or prospective clients. GIPS compliance provides prospective
Compliance
Webinar: IRS Form 8937 Impact on ROC Reporting for 2012 Form 1099 [Complimentary]
![Webinar: IRS Form 8937 Impact on ROC Reporting for 2012 Form 1099 [Complimentary]](https://www.ftfnews.com/wp-content/uploads/2013/01/7bb54b0499-2440-47f4-927f-ad4485f926df7d_2011_registernow_blue-150x39.jpg){kind=small}
New IRS Form 8937 Puts Brokers Between a ‘ROC’ and a Hard Place for 2012 Form 1099 Reporting Return of capital (ROC) reporting season is here. Under the cost basis reporting law, brokers must now make basis adjustments for ROCs and other amounts reported on the new IRS Form 8937. With some 2,000 Form 8937s
