A new Celent report into the global post-trade industry, commissioned by Nasdaq, analyses trends and challenges affecting central counterparties (CCPs) and central securities depositories (CSDs), and predicts future developments. Based on an examination of 12 key markets and detailed discussions
Risk managers are making a more conscious effort to not only understand the virtues, but also the limitations, to risk models as they adjust to life under greater regulatory scrutiny, in particular the AIFM Directive in Europe. Indeed, such is the
The Securities and Exchange Commission (SEC) has for the first time used aggregated data reported by hedge fund and private equity advisers on Form ADV and Form PF to publish a report on private fund industry statistics and trends. The
September was a challenging month for global markets and the overall hedge fund industry was down for the month. According to Deutsche Bank’s latest Hedge Fund Trends report though, hedge funds outperformed compared with market indices. The median fund lost
The markets have experienced significant volatility in the last few months. China's decision to devalue its currency, the collapse of commodity prices and the uncertainty caused by global quantitative easing have all caused significant disruption to financial markets. In August,
The RiskAPI service, developed by PortfolioScience, is a fully hosted and customisable risk solution that integrates seamlessly with existing applications and programming frameworks to generate risk calculations for multi-asset, multi-currency portfolios and individual positions. It is available as both an
Managing derivatives risk in the portfolio is a demanding task at the best of times. But as global regulators make inroads to drive transparency in OTC markets, managers find themselves having to file detailed risk positions under CFTC regulations in
By Chris Kundro, Wells Fargo Global Fund Services – There are many professionals, both internal and external to a fund manager, who play an important role in controlling a fund's operational infrastructure and mitigating a fund's operational risk. COOs, CFOs,
Operational Due Diligence (ODD) has become increasingly important across the alternative investment industry and more resources and attention are being placed on this function. This was one of the main findings from a session on ODD at the recent Global
One aspect to operational risk, which can have a meaningful impact on performance, not to mention the integrity of the manager, is valuations. According to Deutsche Bank's Global Prime Finance group's third annual Operational Due Diligence Survey, asset valuation is
