FINRA is proposing a change to its “Communications with the Public” rule that could let its broker-dealer members send out performance projections or targets about private securities, asset allocations, and other investment strategies. While the move represents an easing of past prohibitions, firms will still be subject to the “stringent conditions” of the self-regulatory organization… Read More >>
Navigating GIPS, SEC & ESG Rules: Q&A with Confluence
(Regulatory and industry standards compliance concerns are hitting home for many securities firms, and Kate Maryniak, head of product management for Revolution at Confluence Technologies, spoke with FTF News about them in the second half of our recent Q&A. Maryniak, who originally joined StatPro in 2001, has served in many client-facing roles to help deliver… Read More >>
State Street & Spaulding Partner for GIPS Compliance
Partnership Targets Performance Measurement State Street is partnering with the Spaulding Group to offer performance services and operational support to asset owners that want to streamline Global Investment Performance Standards (GIPS) compliance, officials say. An investment performance measurement services provider, Spaulding offers educational, consulting, and verification capabilities that will be combined with State Street’s performance… Read More >>
Performance Teams Face Manual & IT Barriers: Q&A
(FTF News recently got time with Justin Wheatley, group chief executive for StatPro, which won the Best Performance Measurement System honor of the FTF News Technology Innovation Awards for 2018. Wheatley’s career got its start in 1989 when he was a salesman with Micropal, an independent information provider covering mutual funds. By 1994, Wheatley founded… Read More >>
Eagle & ACA Collaborate to Ease GIPS Verification
Vendors Eagle Investment Systems and ACA Compliance Group (ACA) are collaborating to offer services that will help financial services firms streamline the verification process for the Global Investment Performance Standards (GIPS) that govern investment performance. The collaboration will leverage Eagle’s data management, performance measurement and attribution solutions and ACA’s subject matter expertise, officials say. The… Read More >>
Is Volatility Good for Performance Measurement Staffs?
(Editor’s note: Global markets have returned to more volatile cycles and many industry observers predict that volatility will be the new norm as there are likely to be more corrections and turbulence to come as investors react to multiple shock waves. Some industry participants would say that this is an unfortunate circumstance while others see… Read More >>
FactSet Acquires BISAM for $205.2 Million
BISAM Technologies will become a part of FactSet as the result of a $205.2 million acquisition that will eventually tie together performance measurement support with portfolio and risk analytics and client reporting. FactSet, known for its integrated financial information, analytical applications, and services, has acquired BISAM from Aquiline Capital Partners and company insiders for $205.2… Read More >>
Daman Investments Deploys SS&C’s APX
Daman Investments PSC, a Dubai-based financial services firm, has deployed the portfolio management system Advent Portfolio Exchange (APX) from SS&C Technologies to streamline operations, and bolster data management and reporting capabilities, according to officials at Daman and SS&C. A private joint stock company launched in 1998, Daman has become a non-bank financial services company known… Read More >>
Case Study: Pioneer Investments Lives Up to Its Name
Pioneer Investments lived up to its company name when it embarked upon a journey to a centralized, investment data warehouse and associated reporting, breaking new ground early on in the battle most firms are facing to get better control of their key data assets. Centralizing investment data became a necessity to improve oversight and decision… Read More >>
Bolstering Performance Measurement
(Editor’s Note: When it comes to performance measurement, banks and trading firms face systems integration, data integrity, spreadsheet crawl and client reporting challenges, according to Philip Lawton, a senior analyst for market research firm Aite Group’s Institutional Securities and Investments team.Lawton specializes in regulatory trends, risk management, performance measurement, including Global Investment Performance Standards (GIPS),… Read More >>
