The shipping sector is looking to new sources of finance in place of bank funding, according to survey by international legal practice Norton Rose Group. While 43% of respondents said that they expect their primary source of funding will continue
JP Morgan Worldwide Securities Services has added reporting capabilities for Form PF, the Securities and Exchange Commission’s new regulatory filing for registered investment advisers, to its suite of services. The new reporting capability will provide clients with access to business
The amount of data is exponentially growing. A paper by IDC, Data Age 2025, said that 16.3 zettabytes of information was generated in 2017 (one zettabyte is 1 billion terabytes), and forecasted this amount would rise to as much as
Alternative asset management firm Black Diamond Capital Management has appointed Jean Fleischhacker as Senior Managing Director, Business Development. Fleischhacker will lead the structuring and marketing for CLOs, other structured products, and mezzanine debt. Fleischhacker will also head new product development and
Despite the undoubted uptake in cloud platforms by global hedge funds over the last few years, with much written on the scalability and cost benefits, the perception remains that cloud usage invites data security risks. This is not market ignorance.
Last week’s buy-side notional cleared on SwapClear is nearly double the amount of the clearing service’s previous industry record-breaking week, totalling USD233.4bn. Additionally, SwapClear hit its second trillion in cumulative buy-side notional cleared in only two months (USD2.016trn). SwapClear believes
Robotic process automation is accelerating productivity within the financial sector. Much of the recent progress that’s been made innovating artificial intelligence (AI) technology toward greater efficiency has been driven by the significant resource investments of fund administrators, such as U.S.
Orc, a provider of technology and services for the global financial industry, is to support Eurex Exchange’s new trading architecture, the all-new trading platform scheduled for launch on 3 December 2012. Orc says clients will immediately benefit from performance improvements,
The Financial Services Authority (FSA) has fined David Einhorn (pictured), owner of the prominent US hedge fund Greenlight Capital Inc (Greenlight), and his fund GBP7.2 million for engaging in market abuse in relation to an anticipated significant equity fundraising by
Washington State residents Sung Hong a/k/a Lawrence Hong or Laurence Hong, his wife, Hyun Joo Hong a/k/a/ Grace Hong, and their company Pishon Holding, are to pay more than USD1.25 million in restitution in connection with an enforcement action brought
