The Securities & Exchange Commission has filed a civil action against two related investment advisories and two portfolio managers. The commission alleges that LJM Funds Management Ltd. and LJM Partners Ltd. “fraudulently misled investors and the board of directors of a fund they advised about LJM’s risk management practices and the level of risk in… Read More >>
Asset Mispricing via the Crisis Tops Concerns: Survey
It is nearly impossible to draw useful conclusions about the effects of the economic crisis that we find ourselves in as a result of the lockdown caused by the COVID-19 pandemic. But, a month ago, the CFA Institute released the results of a major survey of its membership that points to big concerns over mispricing,… Read More >>
SimCorp Targets Buy Side’s Need for Holistic Data Management
SimCorp, an investment management solutions and services vendor, has launched a managed data service, dubbed Datacare, that targets buy-side firms searching for an updated, holistic approach to overseeing multiple-asset, front-to-back office market and reference data, officials say. The new offering was developed in collaboration with buy-side institutions such as Zurich Insurance Group, which has an… Read More >>
Initial Margin Levels Could Soar via Volatility: Report
The initial margin (IM) required for derivatives trading could nearly double as global financial markets face the onslaughts of volatility, trade tariff tensions, future U.S. interest rates increases, and growing debt pressures, according to new research released by OpenGamma, an analytics provider for derivative transactions. The findings in “The Impact Explained of Market Volatility on… 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 >>
Q&A: Ops Cost-Cutting to Survive Market Turmoil
(Editor’s note: Volatile global markets are becoming the norm for 2018 and as yet there isn’t a consensus on the underlying reasons. Many industry observers are predicting that there will be more corrections to come as inflation and interest rate increases worry investors. Whatever the actual causes, there have been moments of turbulence that are… Read More >>
Q&A: Upgrade IT Systems Despite Furious Market Correction
(Editor’s note: Global financial markets have been rising and falling dramatically over the past two weeks and many industry observers say that markets are going through a correction/selloff. Ultimately, volatility returned to markets and many analysts say that it may become the new normal. “We suspect that the volatility will likely continue in both directions… Read More >>
SEC Extends Pilot to Limit Market Volatility
The SEC has issued an order extending the pilot period of a key initiative under the Regulation National Market System (Reg NMS) plan for one year. Known as the limit up-limit down (LULD) mechanism, it was first formulated in 2012 to address today’s extraordinary, often technology-mediated market volatility. The LULD pilot is meant to control… Read More >>
