Guest Contributer: Joseph Amarante, Senior Vice President of Professional Services, NorthPoint Hedge fund managers often seek additional AUM by providing access to their investment strategies through the on-boarding of separately managed accounts (SMAs). In this scenario, a manager allocates assets, usually pari passu, between the fund’s internal investment vehicles and an investor’s managed account. Additionally,
Back-Office
The CIO – Your Translator for 2011
Have you ever had to call a tech-support line, whether it was to sort out a smart-phone issue or because your company web site just crashed? If yes, then I’m sure you can relate to the frustration this call can induce. You try to explain your problem in your best tech-savvy way i.e. “When I
Fun Friday
Using your Wall Street Savvy this Sunday
This Sunday is arguably the biggest sports day of the year, “Big-Game Sunday”. We thought we would take this opportunity to let all of you Wall Street natives use your skill set of calculating the odds and hedging against risk to predict the outcome of this great game (for free of course!). This Sunday in
Financial Crime
Investment Advisers- Are They Willing to Pay Up to Keep FINRA Out?
There has been a lot of talk lately about FINRA taking the supervision responsibilities for investment advisers away from the SEC. Overall, the SEC is looking to find a way to monitor the investments adviser’s and prevent future scandals, such as the Madoff case, from happening again. This it seems is easier said than done
Back-Office
Buy-Side Challenges + Opportunities in 2011
Guest Contributer: David Kubersky, Managing Director, SimCorp North America Against the backdrop of the global recession that engulfed the financial services industry over the last few years, the good news is the potential for 2011 looks bright. For the investment management industry in particular, this year holds a number of opportunities. While the recession’s impact
Clearing and Settlement
Achieving Operational Efficiency and Automation by Making New Friends
Recently we have seen financial technology providers joining forces with each other in order to create better solutions and processes that will keep financial institutions compliant with the new regulations we all face. Just last week, we saw the DTCC, MarkitSERV and AcadiaSoft join together to streamline OTC derivatives processing, and this week another new
Buy-Side
What is a Hedge Fund Hotel?
I was reading an article the other day on eFinancial News about hedge fund hotels and, while I’ve heard of these, I never fully understood what they were and how they worked. Turns out, a hedge fund hotel is simply just that – a hotel that offers high-end office space where traders can go to
Fun Friday
The Award for Best Supporting Actor Goes To – Wall Street
For those of you working near Wall Street, or anywhere in the North East for that matter, you know that the weather has been less than cooperative lately. This relentless winter weather has caused for many people to be snowed in lately. As for those who are able to make it out of the house,
Derivatives
Technology Cuts: Bad News for the CFTC
So what would happen if the CFTC ran out of room to store data? Well we just might find out this October when, according to Scott O’Malia, a commissioner at the CFTC, they are on a path to do just that! The CFTC’s technology budget, like all government agencies, has been frozen for 2011 at
Clearing and Settlement
Another OTC Marketplace Moves Toward CCP Clearing
Guest Contributer: Jim Binder, Director, Public Relations, The Options Clearing Corporation In the aftermath of the financial crisis, and through the regulatory reform efforts it led to, central counterparty (CCP) clearing has drawn a lot of attention as a way to help manage risk in the over-the-counter markets. Afterall, listed markets with CCP clearing functioned
