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Latest news 25 May 2012

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Institutional Investors Spur Hedge Funds to Grow Operational Infrastructure and Increase Transparency, Says AIMA/KPMG Survey - 21 May 2012

Company: KPMG
New global report by KPMG and AIMA covered 150 managers with $550bn in assets under management Almost 60% of global assets under management are now from institutional investors 90% of respondents reported increased due diligence since 2008 The post-2008 influx of institutional money into hedge funds has... read more

Allegro Announces Enhanced Logistics for Energy Commodities - 21 May 2012

Comprehensive Support for Multi-Mode Transport via Truck, Rail, Pipeline, Barge & Vessel Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today the release of Allegro Logistics 8.1, a component of the Allegro 8 platform that provides comprehensive... read more

ICAP plc agrees to acquire PLUS Stock Exchange plc - 21 May 2012

ICAP plc, the world’s leading interdealer broker, is pleased to announce that it has agreed to acquire PLUS Stock Exchange plc (“PLUS”), the smaller company equity exchange for £1 in cash subject to PLUS Markets Group plc shareholder consent and FSA approvals.    PLUS is one of only five RIEs... read more

Princeton Financial® Systems Introduces PAM® for Investments - 21 May 2012

Princeton Financial Systems, a global leader in providing accounting, compliance and reporting solutions to the investment industry, has introduced PAM for Investments, the next generation of flexible and scalable investment accounting platforms, offering seamless integration and an efficient user-friendly interface. PAM for... read more

Eurozone banks in deep trouble, British minister says - 21 May 2012

The eurozone's banking industry is in full-blown crisis mode as serious issues in several member states continue to grow, a British cabinet member has said.  UK justice secretary Ken Clarke believes the region's financial sector is "in tatters" and warned that Britain remains "heavily exposed" to... read more

UK banks 'prepared for Greek exit' - 21 May 2012

Banks in the UK are now in a strong enough state to withstand the impact Greece's potential exit would have on the eurozone.  That is the opinion of Michael Cohrs, member of the Bank of England's (BoE) financial risk monitoring committee, who believes financiers are prepared for any eventuality.  During an... read more

Hollande set to repeat call for euro-area bonds - 21 May 2012

Several leaders from across the eurozone will this week put forward a plan that would see the region's debt become mutualised, sources have indicated.  According to European Union (EU) and US insiders speaking to Reuters, new French president Francois Hollande will lead a group of like-minded officials in the economic... read more

Weak eurozone countries 'need help from core states' - 21 May 2012

Struggling countries in the eurozone should be given more assistance from their stronger counterparts in the economic area, a senior British official believes.  Chancellor George Osborne feels that greater levels of support from core member states such as Germany and France is required if the likes of Greece, Spain and Italy... read more

SWIFT head leaves quickly: Leibbrandt succeeds Campos as CEO - 21 May 2012

The chief executive officer (CEO) of SWIFT, Lázaro Campos, is to leave the organisation on 30 June after notifying the board of his intention to leave after 25 years with interbank messaging organisation, the last five as its head after he replaced the long-serving Leonard Schrank. The board of the bank-owned SWIFT organisation has... read more
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