When it comes to collateral management for fund managers, why not let someone else do the work? Considering the cost and administrative burden of this complex processing function, outsourcing sounds like a great idea. There are certainly some mega custodians and other managed service experts only too willing to help out. However, in this apparent […]
News to Use: New AML Technology and Bitcoins
AML Tech Upgrade: To avoid doing business with the wrong customers and counterparties, financial firms can now rely on a new generation of software applications that go beyond traditional rules-based screening to far more sophisticated data analysis, says a new research report from Celent. The costs of not complying with anti-money laundering rules can be […]
News to Use: Omgeo, SEI, and Broadridge
Custodians on Alert: Custodians and prime brokers will be able for the first time to input standing settlement instructions (SSIs) to Omgeo’s ALERT database, potentially reducing the number of trades which fail to settle on time. SSIs refer to the last leg of the post-trade communications process when asset managers tell their custodians or prime […]
News to Use: EquiLend, 4sight and Russia’s NSD
Match, Game On: Borrowers and lending agents in securities transactions executed through EquiLend, an electronic trading platform, will now be able to reconcile far more transaction details and enable lending departments to work smarter. Although EquiLend’s new matching engine is still geared to US and foreign securities, the company expects it to have greatest uptick in […]
Hedge Funds: Beating the Lost-Administrator Blues
You’re the chief executive or chief operating officer of a small or mid-sized hedge fund manager and have just received a call, visit, or letter from your brand-name fund administrator. The message: Sorry, we love you, but can no longer afford to take care of you, because you are too small to be profitable for us. […]
PBOR for Fund Managers: Innovation or Brand Grab?
Performance book of record or PBOR for short. A white paper just released by Eagle Investment Systems has fueled talk among investment operations professionals on just what PBOR is and how seriously the concept should be taken. The two critical questions which top the discussion list: just how substantially it differs from the investment book of record (IBOR) and how it […]
Passing on the Business: Data Transit for Cost-Basis Reporting
A US investor decides to switch its account from one broker-dealer or bank to another. The transition is supposed to be a no-brainer which happens every day on Wall Street. However, when it comes to cost-basis reporting, a simple operational process could easily turn into an administrative and financial nightmare, warn tax operations experts. The ramifications can […]
2015: Top Ops Goals for Surviving the Regulatory Crush
With the beginning of 2015 just hours away, middle and back office operations specialists across the globe should count on a visit from C-level executives to set the tone for the new year. Forget about praise for all the hard work in 2014. Everyone now has to roll up their sleeves to address a host […]
Risk Data 2015: Silos Down, Linkage Up
Data and Risk. Besides having four letters, the two words have plenty in common based on an exhaustive list of “what’s in” and “what’s out” for 2015 released by the EDM Council, the global trade association advocating efficient enterprise data management. The profitability of financial services firms has always been based on risk analysis, and that […]
AIFMD Annex IV Reporting: Risk Scrutiny on Deadline
The Alternative Investment Fund Manager Directive Annex IV. The long phrase describes at least three hundred points of reference data and other risk metrics alternative fund managers must provide regulators if they want to grab a “passport” to market their funds across European borders. That passport allows them to operate by a single set of rules, rather than […]