Madoff aftermath could see SEC and CFTC merge

Bernard Madoff’s alleged US$50 billion Ponzi scheme is breathing new life into Bush-era proposals that could subject money managers to a new layer of regulation as well as a merger of the SEC and the CFTC, financial industry lobbyists said last month.

The regulatory proposal, if enacted, would subject money managers for the first time to the scrutiny of a self-regulatory organisation (SRO), submitting managers to the same sort of oversight that broker-dealers get from the Financial Industry Regulatory Authority (FINRA).

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Good riddance oh-eight, but still a lot on funds’ plate

There’s no doubt that 2008 was a tough year for super funds – the toughest since compulsory super was introduced.

But few in the super industry think 2009 will be any less challenging.

Since the start of this year, most of the key economic indicators coming out of the US, Europe and Asia have been worse than expected. Locally, the data looks just as bleak, with increasing talk of a nationwide recession.

Read more

Good riddance oh-eight, but still a lot on funds’ plate

There’s no doubt that 2008 was a tough year for super funds – the toughest since compulsory super was introduced.

But few in the super industry think 2009 will be any less challenging.

Since the start of this year, most of the key economic indicators coming out of the US, Europe and Asia have been worse than expected. Locally, the data looks just as bleak, with increasing talk of a nationwide recession.

Read more

Turning tables on insurers for a premium return

Insurance – it’s everywhere. We all use it. Someone makes money from it, and it might as well be institutional investors and their clients, writes KATE WILKIE, a product specialist in Credit Suisse Asset Management’s alternatives solutions business..

Risk transfer is an age old process. The popular book titled “The Richest Man in Babylon”, set in ancient times, described a form of life insurance via the use of rudimentary pooling techniques.

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Turning tables on insurers for a premium return

Insurance – it’s everywhere. We all use it. Someone makes money from it, and it might as well be institutional investors and their clients, writes KATE WILKIE, a product specialist in Credit Suisse Asset Management’s alternatives solutions business..

Risk transfer is an age old process. The popular book titled “The Richest Man in Babylon”, set in ancient times, described a form of life insurance via the use of rudimentary pooling techniques.

Read more

Overnight delivery not good enough for risk snapshots

SimCorp, the Danish provider of investment administration software, has adapted to a time of heightened counterparty awareness and lowered IT budgets by emphasising the ability of its flagship Dimension product to act as an enterprise-wide risk management tool.

Schroder Investment Management UK recently finished installing Dimension as a ‘portfolio book of records’ across all of its asset classes, and Simcorp is claiming some credit for Schroders’ subsequent upgrading by ratings agency Fitch, which mentioned the managers’ newfound ability to conduct “daily surveillance of counterparty risks” in its upbeat assessment.

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Overnight delivery not good enough for risk snapshots

SimCorp, the Danish provider of investment administration software, has adapted to a time of heightened counterparty awareness and lowered IT budgets by emphasising the ability of its flagship Dimension product to act as an enterprise-wide risk management tool.Schroder Investment Management UK recently finished installing Dimension as a ‘portfolio book of records’ across all of its asset classes, and Simcorp is claiming some credit for Schroders’ subsequent upgrading by ratings agency Fitch, which mentioned the managers’ newfound ability to conduct “daily surveillance of counterparty risks” in its upbeat assessment.

Read more

COOs and the GFC: costs and risk management take centre stage

In late November, investment ad­ministration advisors Morse Consulting facilitated a roundtable workshop with senior operations managers from large fund managers. They discussed the impact of the global financial crisis on the operat­ing models supporting their respective businesses.

Read more

COOs and the GFC: costs and risk management take centre stage

In late November, investment ad­ministration advisors Morse Consulting facilitated a roundtable workshop with senior operations managers from large fund managers. They discussed the impact of the global financial crisis on the operat­ing models supporting their respective businesses.

Read more

What sort of funds management industry will be left?

The ramifications of the global financial crisis are broad and deep, especially for the financial services industry, and super funds need to be well aware of how their service providers are being impacted. One of the least-well appreciated ways that funds may be affected, according to Stephen van Eyk, is in the breakdown of certain … Read more

What sort of funds management industry will be left?

The ramifications of the global financial crisis are broad and deep, especially for the financial services industry, and super funds need to be well aware of how their service providers are being impacted. One of the least-well appreciated ways that funds may be affected, according to Stephen van Eyk, is in the breakdown of certain … Read more