Societe Generale Prime Services – formerly Newedge – reports that it has acquired a minority stake in Global Markets Exchange Group International (GMEX Group). The Societe Generale investment follows the recent taking of a minority stake in GMEX Group by Deutsche Börse Group. Societe Generale “plans to provide execution and clearing services for clients trading… Read More >>
Abacus Group Names HR Director
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, reports the appointment of Adam Wayne, formerly vice president of human resources service delivery at JPMorganChase, as the company’s new human resources director. Wayne will be based in Abacus’s New York office and will report to Jonathan Bohrer, chief financial… Read More >>
Tech Spotlight: The Abacus Group
(Editor’s Note: The Abacus Group, based in New York City, is this week’s focus for the FTF News Tech Spotlight. Our Q&A with Chris Grandi provides insight into how the pioneering vendor has made the case over the past four years that cloud computing is a great fit for hedge funds. This and other Q&A… Read More >>
Bridging the Gap within Hedge Fund Operations
Participate in our short, anonymous survey! The survey should take less than 3 minutes to complete.In the coming months, Hedge Funds are going to be implementing operational changes within their firms in order to remain compliant with Dodd-Frank and other regulatory mandates. Firms will also need to explore new technology solutions in order to make… Read More >>
FTF’s Top Trends for Operations in 2012, Part 2
The volatile markets in 2011 do not foster the best conditions for innovation in middle and back office operations. However, necessity is the mother of invention and we have uncovered several areas of IT and business innovation, which form the basis for our second set of predictions for the New Year. One intriguing innovation in… Read More >>
Launching a Hedge Fund?
Many in financial services are preparing to join the hedge fund fray as evidenced by the high attendance at last week’s “How to Launch a Hedge Fund” conference, sponsored by FTF. One of the key takeaways from the event is that while start-ups will rely heavily on third-party service providers, they will still have much… Read More >>
A New Conundrum for Hedge Funds
Highly volatile markets have contributed to poor fund performance at many hedge funds, which presents them with a conundrum: They have to use faster trading technologies and speed up their middle and back offices while preparing for redemptions. Of course, when investors pull out their money, there won’t be much left for IT infrastructure investment…. Read More >>
