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Hedge Funds are Increasing their Scrutiny Of Counterparty Risk, Says Pershing and Aite Group
Managing counterparty risk has become a much more critical component of a hedge fund’s overall business operations today than it has been in previous years, according to a recently published white paper by Pershing and Aite Group. The report, which is entitled Risk and Reward: Hedge Funds Changing Views on Counterparty Relationships, focuses on the…
CESR Releases Statement Regarding Instrument Reclassification for Fair Value Accounting
Originally appeared in MiFID Monitor Following a request by the European Commission last October, the Committee of European Securities Regulators (CESR) has released a statement regarding the reclassification of financial instruments for fair value accounting. The regulatory body has worked in cooperation with the International Accounting Standards Board (IASB) to tackle the issues identified by…
Millennium Management Expands Beyond Valuations to Outsourcing with GlobeOp
Global multi-strategy investment management firm Millennium Management has expanded its agreement with GlobeOp Financial Services beyond its current agreement for valuation, share registry and transfer services to fully outsourced fund administration services. GlobeOp has now become the administrator of record for all three Millennium funds, whereas previously its services were limited to the Millennium International…
GoldenSource’s Kennedy Replaces Sey at Interactive Data as Ref Data Business Manager
Interactive Data has appointed ex-GoldenSource EDM head Paul Kennedy as reference data business manager for its European arm. He will be charged with developing the vendor’s European reference data offerings, working with customers and prospects, building relationships with industry trade bodies, working groups and software vendors. Kennedy will also work with Interactive Data’s reference data…
Seven Ways to Reduce IT Costs with Master Data Management
By Ravi Shankar, senior director of product marketing at Siperian Information technology managers are facing a dilemma given the current economic climate – despite budget cuts, companies do not expect reductions in the service levels provided by IT to the business. Under such circumstances, how do you maintain or improve service levels, and continue to…
Half of New Business in 2009 Could Come From ASP, Believes Eagle’s Lehner
Although last year witnessed continued growth in a troubled climate, 2009 is another matter, warns Eagle Investment Systems president John Lehner. Increased pressure on growth in the US will put US-based vendors under pressure to expand client reach even further and consolidation may be on the cards in the long term, he speculates. The vendor…
Thomson Reuters’ Ex-EDM Head Barr Moves to Switzerland to Markets Role
Following a year of restructuring, the dust is in the process of settling for the various divisions of Thomson Reuters. It appears that as well as a number of exits, there have been a fair few significant reshuffles. One such move is the transfer of Gary Barr, Reuters’ ex-global head of EDM, from the US…
GoldenSource Appoints Reuters’ Mishra as National Sales Manager for India
EDM vendor GoldenSource has appointed ex-Reuters Indian enterprise head Shashank Mishra as national sales manager for India. Mishra will be based in GoldenSource’s Mumbai office and report to Hugh Stewart, vice president of sales for EMEA and Asia. Before joining GoldenSource, Mishra worked at Reuters India as a sales specialist, where he managed enterprise business…
Interactive Data Promotes Williams to President of Sales, Sargeant to International Business MD
Interactive Data has promoted current senior vice president of its Major Accounts and Business Development Groups, Cort Williams, to the position of president of its sales organisation. In this role, Williams will have responsibility for the vendor’s sales, client relationships, and customer service oriented functions focused on institutional clients. Williams will transition into this role…
Reval Adds Four to Hedge Accounting Staff in Asia Pacific
Reval, a provider of risk management solutions and services, has expanded its Asia Pacific operations via the hiring of four hedge accounting professionals. Accordingly, Reval has added Blaik Wilson, George Chapman, Bevan Webster and Abhishek Maiti to its regional operations. The vendor, which has operations in Australia, New Zealand and India, indicates that the appointments…