Archive for December, 2009

Blair Hull Chairman & CEO, Matlock Capital (bought out by Goldman Sachs)

Blair Hull In Worth Magazine

Wall Street’s 25 Smartest Players By Ted C. Fishman
That was 1989. Today, Hull’s company is one of the world’s premier market-making firms, setting the bid-ask price on stocks listed on 28 exchanges in nine countries. In some venues, the Hull Group trades nearly a quarter of the entire daily market volume. [...]

David Tepper’s Fund Made 7 Billion Betting Against US Recession

In this comeback year for investors, David Tepper may have scored one of the biggest paydays of all.
Mr. Tepper’s hedge-fund firm has racked up about $7 billion of profit so far this year—with Mr. Tepper on track to earn more than $2.5 billion for himself, according to people familiar with the matter. That is among [...]

Hedge Fund Accounting Software

This article will be about hedge fund accounting software providers. I will add to the article as the time goes and I get more information on this niche of hedge fund software industry.
From the top of my head can name a few companies that develop accounting software for hedge funds and FoHFs:
Cogency Softwre
FundCount
Advent
PennyItWorks
To be continued…

With SAS, Concept Capital Offers New, Hosted Portfolio Analytics and Risk Management Portal to the Hedge Fund Market

CARY, N.C.–(BUSINESS WIRE)– Risk management remains a hot topic for all financial services firms. Introduction of more stringent requirements, especially in the investment management industry, calls for hedge funds to access more powerful analytics to effectively measure portfolio risk, typically a difficult task with significant fixed costs. To meet this market need, Concept Capital, an [...]

Fund Administrators’ Role at Hedge Funds Second Only to Prime Brokers, Says TABB Group

Investors are Demanding Funds Switch from In-house to Independent Administrators
Over 50% of Hedge Funds to Require Daily NAV Calculations within 12 Months

NEW YORK & LONDON–(BUSINESS WIRE)– With a post-Madoff world fixed firmly in the rear-view mirror and new regulations on the horizon, a new report from TABB Group describes how the role of fund [...]

Daiwa Securities SMBC selects Syncova Optima platform for Synthetic Prime Broker margining

1st December 2009, London, Syncova Solutions, the specialist provider of margining and financing solutions to the Prime Broker and Hedge Fund markets, has signed a new client in Daiwa Securities SMBC Europe, the European arm of leading Japanese investment bank Daiwa Securities SMBC Co Ltd. The firm has deployed Syncova’s OPTIMA/Broker platform, with a global [...]

Blackstone Rejects SEC Request for Fund Data as Fortress and Hoffman Meyer also agree.

BOSTON–(BUSINESS WIRE)– As hedge fund managers look forward to coping with expected tighter regulation and reporting requirements of the Obama Administration, they should be prepared to collect and extract much of the same client and investment data that traditional asset management firms now furnish to the Securities and Exchange Commission, according to Boston-based consultant Jane [...]

IMP Consulting Principal Jane Stabile: Regulatory Changes Will Require Detailed Reporting, More Efficient IT Systems in Hedge Fund Sector

Advises Hedge Funds to Draw on Techniques Developed by Large Asset Managers for SEC Compliance
BOSTON–(BUSINESS WIRE)– As hedge fund managers look forward to coping with expected tighter regulation and reporting requirements of the Obama Administration, they should be prepared to collect and extract much of the same client and investment data that traditional asset management [...]