Middle-office accounting managers at US fund management firms will likely be talking a lot more in 2021 with C-level management, third party valuation agents, and boards of directors to figure out just what the terms fair and material mean when it comes to pricing non-exchange traded assets in their portfolios following the Securities and Exchange […]
Digital Asset Market 2021: The Year of the Institutional Investor?
This year has proven to be a turning point for institutional investment in the digital asset market as the price of Bitcoin continues to soar, while US state and federal regulators are making some significant announcements on how cryptocurrencies can fit into existing regulations designed for traditional assets. Institutional investors pumped $429 million into cryptofunds […]
Etrading Software Nabs Digital Token ID Authority
Traders and operations managers handling cryptocurrencies and other digital assets could soon find themselves using new identification codes issued by Etrading Software, pending approval by the International Organization for Standardization (ISO), the standards-setting body. The London-based Etrading Software has beaten the duo of Bloomberg and Kaiko in the bidding process to be named as the […]
Wells Fargo’s Comp Plan: Will SEC’s Ops Rules Hurt Investors?
The US Securities and Exchange Commission’s plan for how investors in Wells Fargo’s stock will be compensated a total of US$500 million for the bank’s past wrongdoing could end up marred in operational snafus making it harder for some investors to be paid and disincentivizing others from filing the paperwork to collect any compensation. That’s […]
COVID-19 Accelerates Buy-Side Outsourced Trading
The COVID-19 pandemic is adding fuel to the fire of interest from some fund management firms in outsourcing the execution of their trade orders to third-party specialists. Over the past few years, fund managers have decided that outsourcing isn’t only for middle and back-office functions. It can also be used for trade execution with cost […]
FREE WEBINAR: The Crypto Asset Market: What Fund Managers Should Know Before Investing
Hosted by CrossTower Save the Date: November 4, 2020 Time: 4:30 PM EST Contact: events@crosstower.com Cryptoassets aren’t just for retail investors any more. Hedge fund managers and some traditional fund managers have been buying Bitcoin and other cryptocurrencies as a buffer against inflation and market volatility has led to far higher returns on investment for […]
FREE WEBINAR: Outsourced and Supplemental Trading: How the Buy Side is Benefitting Today
Sponsored by Tourmaline Partners Save the Date: Thursday, October 15, 2020 Time: 10AM EST Go to www.tourmalinepartnersllc.com/finops-report-webinar to register for the free dial-in details Join Tourmaline Partners and FinOps Report for a free webinar on how the buy-side is benefitting from outsourced and supplemental trading. Access to liquidity, cost rationalization, operational efficiency, regulatory compliance, and […]
Race to the Patent Office for Syndicated Loan Blockchain
The results of a behind the scenes battle brewing between blockchain technology startup Hashlynx and mega-bank Bank of America to win a patent for a distributed ledger-based technology platform could end up determining how the operational difficulties inherent in the US$2 trillion paper-intensive syndicated loans market are eliminated and by whom. Whoever is awarded a […]
National Banks as Digital Asset Custodians: Big Deal or Not?
When it comes to picking a custodian for cryptocurrencies and other digital assets, the US Office of the Comptroller’s decision to green light national and state banks might not be that much of a gamechanger for every fund manager. At least not in the short-term. Currently, investors holding cryptocurrency can keep their cryptocurrency in a […]
SEC’s Fair Value Rule: Don’t Drop Old Guidance, Say Critics
The US Securities and Exchange Commission’s new proposed rule for fund managers to fair value some of their assets has prompted a vocal minority of legal and valuation experts to question whether the regulatory agency should entirely scrap older guidance in favor of new accounting rules as the barometer for valuation. Fair value isn’t a […]