By Michael Beck, CIPM, CFP, vice president at Glenmede The Global Investment Performance Standards (GIPS®) have been in existence since 1999 and were revised in both 2005 and 2010. They are used to promote ethics and integrity in the financial services marketplace by having voluntary compliance by asset managers. There are currently 41 country sponsors
Back-Office
Redesign Your Thinking
By Adam Sherman, Social Media Director at New York Life. Fiction Factory, a Scottish pop group from the 80s, was in rotation on Sirius XM’s New Wave channel this morning. The band’s name struck a chord with me. It turns out the music group’s moniker aptly captures the zeitgeist that is playing out in our
Back-Office
Why Optimal Performance Attribution Technology Matters
By Jacopo Trombetta, client reporting & performance specialist at Impax Asset Management. In a competitive market environment, retaining and growing client relationships is critical and it requires clear and transparent attribution analysis to help clients fully understand a portfolio’s return. This is one of the reasons why performance attribution has become an increasingly valuable instrument, not only
Performance Measurement
The Case for Fair and Transparent Performance Fee Calculations
By Steinar Eikeland, chief investment officer at Industrifinans Kapitalforvaltning, an asset management firm based in Oslo, Norway. Overall, investment management clients and regulators are demanding more transparency and standardization across the industry, and this includes the calculation of performance fees. Financial Technologies Forum is again facilitating a meeting place for the industry to discuss this dynamic development in
Compliance
Part 3 of MiFID II and Fixed Income: What Price Transparency?
By Jeffrey O. Himstreet, corporate counsel, PGIM fixed income law, PGIM Fixed Income Parts 1 and 2 of this blog, for Financial Technologies Forum in anticipation of their upcoming conference, Navigating the Maze of MiFID II, and our panel “New Rules for Fixed Income,” focused on the MiFID II rules relating to reporting and research unbundling
Compliance
Part 2 of MiFID II and Fixed Income: What Price Transparency?
By Jeffrey O. Himstreet, corporate counsel, PGIM fixed income law, PGIM Fixed Income (Editor’s Note: This is Part II of a three-part part series. To read Part I click here. Check back next week for part III or sign up for our news alerts to stay informed.) Transparency to Clients. The “unbundling” of research expenses from transaction
Compliance
Part 1 of MiFID II and Fixed Income: What Price Transparency?
By Jeffrey O. Himstreet, corporate counsel, PGIM fixed income law, PGIM Fixed Income (Editor’s Note: This is Part I of a three-part part series. Check back for parts II and III or sign up for our news alerts to stay informed.) As with any other reporting requirement enacted in financial services regulation anywhere in the
Financial Technologies Forum (FTF)
We Are Hiring! Delegate Acquisition Position Open on FTF Sales Team!
Financial Technologies Forum (FTF), a media company to Wall Street, is looking to grow its sales team. We are a passionate, smart, funny, dedicated and hardworking bunch of people and we are looking to add a delegate acquisition person to our team. The most important requirement for this position is whether our corporate culture is
Compliance
GIPS: To Port or not to Port – that is the Question?
By Ambika D’Souza, VP, Global Head of GIPS, State Street Global Advisors Introduction The investment management industry has seen its fair share of mergers and acquisitions (M&A) and team lift-out activities over the years. During this process the aspect of the portability of investment track records is sometimes overlooked. Global Investment Performance Standards (GIPS[1]) “Portability”
Hedge Funds
Report Timing with Hedge Funds
By Michael Beck, CIPM, CFP (R), Vice President, Glenmede Trust Company. One of the main issues when adding hedge funds to a portfolio is the timing of reports. Hedge funds and other non-liquid alternatives tend not to be priced quickly after the month end. This can lead to an issue in reporting performance to the
