JPMorgan's Institutional Trust Services (ITS) Collateralized Debt Obligation (CDO) business has introduced an asset pricing solution that aims to offer the U.S. CDO market independent pricing on individual assets in order to obtain the total portfolio value. The bank says
State Street Global Advisors has acquired Mediolanum SpA's 50 percent stake in the Italian joint venture Mediolanum State Street SGR p.A., subject to regulatory approval. Terms of the transaction were not disclosed. The move reflects State Street's ambition to expand
The CSFB Tremont Hedge Fund Index is down 0.23% for May 2004, according to Oliver Schupp, President of Credit Suisse First Boston Tremont Index LLC. "Exogenous factors continue to drive the overall market conditions fears of interest rate hikes, terrorist
Mellon Global Securities Services (GSS) has been named custodian of the $19.5 billion Texas Permanent School Fund. Mellon will provide custody, cash management, and securities lending services and its affiliate Russell Mellon will supply performance measurement and analytics for the
Beauchamp Financial Technology and PFPC International today announced the inclusion of Beauchamp's flagship FundManager product as part of an outsourced trading and portfolio management solution for PFPC's clients in Europe. FundManager will be hosted by PFPC and accessed remotely by
OMHEX has integrated the Finnish and Swedish derivatives markets through the launch of the common derivatives trading platform CLICK XT for the Finnish market. As a result of the integration, exchange members and investors can now enter the market through
City Networks says that SWIFT has renewed its SWIFTReady Gold Cash Reconciliation and SWIFTReady Gold Securities Reconciliation accreditations for the CityNet Reconciliation Cash and Securities modules for another consecutive year. The gold status award, the highest accreditation available, secures City
Lombard International Assurance, a provider of specialist wealth management services for high net worth investors, has selected SmartStream TLM Reconciliations & Investigations. Lombard, which has experienced significant growth over recent months, selected SmartStream after a competitive tender process that included
BISYS has hired two compliance and regulatory industry veterans, Frank Pavlak and Frederick Schmidt, to serve as chief compliance officers (CCOs) for BISYS's mutual fund clients using the company's recently launched ComplianceEDGE program. BISYS says that the CCO role is
CityCompass, the London based IT events and benchmarking business, says that the 2004 benchmarking of integration and web services systems has commenced. This year's successful vendors will receive an industry approval logo, which will promote their systems to the buyers,