John Abel, vice president with the DTCC, says the requirements for moving to the trading day plus two business days (T+2) shortened settlement cycle will be coming in early May. There will also be a parallel effort to identify the legal and regulatory changes needed to facilitate T+2. Abel, the DTCC and other industry groups… Read More >>
CLO ‘Diva’ to Fight SEC Over Fraud Charges
The self-styled “Diva of Distressed” Lynn Tilton is hitting back. After federal regulators announced Monday that Tilton’s private equity firm Patriarch Partners was being charged with defrauding investors, Tilton and Patriarch filed suit against the SEC on Wednesday. The SEC filed its charges in an internal administrative court, meaning the case would be decided there… Read More >>
Sapient, Capco Vet Joins SimCorp for Top Sales Post
Investment management systems vendor SimCorp has hired Scott Johnson, formerly of the financial consultancies Capco and Sapient Global Markets, as a vice president and head of sales for North America, officials say. In his new role, Johnson will be responsible for heading up a team of sales professionals and product specialists. He will be based… Read More >>
Performance Measurement Becomes a Competitive Advantage
Things aren’t what they used to be in the performance measurement game – and that’s a good thing, according to several practitioners who spoke at Financial Technologies Forum’s Performance Measurement 2015 conference last week in New York City. As the investment management landscape has grown more complicated in recent years, the job of performance monitoring… Read More >>
Liquidnet Bolsters Execution Services Group
Institutional trading network Liquidnet has hired Chris Jackson as the European head of Liquidnet’s Execution and Quantitative Services (EQS) Group, officials say. In his new role, Jackson will be responsible for “setting the strategic direction of the European Trading Desk and Algorithmic Services Group, as well as heading up the senior sales effort for Liquidnet’s… Read More >>
More Firms Buy Than Build Analytics Systems for PM
Financial services firms are trending toward buying third-party solutions when they face the build-or-buy decision for implementing a performance measurement analytics system as revealed by panelists at Financial Technologies Forum’s Performance Measurement 2015 conference, held yesterday in New York City. The panel featured industry participants on hand to dissect the most important issues to keep… Read More >>
Morningstar Fills Chief Innovation Officer Post
Morningstar, a provider of investment research, has named Matt Fellowes chief innovation officer, officials say. Fellowes, 40, also will continue to lead HelloWallet, a provider of personalized financial guidance that Morningstar acquired last year, officials say. Before founding HelloWallet in 2009, Fellowes was a fellow at the Brookings Institution, a nonprofit research and policy organization…. Read More >>
MSCI Launches Factor-Based Analytics Solution
Investment decision systems vendor MSCI has launched a new solution, MSCI Barra Peer Analytics, aimed at providing factor-based analysis of hedge funds, officials say. The new offering delivers insight into the investment strategies and performance of 6,500 of the largest US mutual funds over five years. “Factor investing is gaining increasing attention with a record… Read More >>
Morningstar Korea Names Director of Manager Research
The Korean subsidiary of research provider Morningstar has hired Andy Jung as its director of manager research, officials say. In his new role at Morningstar Korea, Jung will oversee qualitative and quantitative manager research in the country. She’ll be leading four manager research analysts and directing overall coverage of the Korean market, including analyst reports,… Read More >>
Manulife Hires Emerging Markets Duo
Manulife Asset Management reports that it will be adding a new, two-person global emerging markets equity portfolio management team to its roster. They are Kathryn Langridge and Philip Ehrmann, who will join Manulife, effective Dec. 31, 2014, and Jan. 8, 2015, respectively. Langridge will be senior managing director, senior portfolio manager and head of global… Read More >>
