The Toronto Stock Exchange and TSX Venture Exchange will begin identifying stock listings by the type of voting structure each issue offers in October. Consistency in symbols will offer greater transparency and clarity to investors, said TSX Group CEO Barbara
Portfolio managers can profit from using derivatives satellite portfolios as portable alpha and beta vehicles in absolute return strategies, according to research done by Edhec Risk and Asset Management Research Center and Eurex. These portfolios, based on active asset or
The Investment Company Institute says it supports the SEC proposal requiring mutual funds to disclose the fund board's basis for evaluating and approving an investment advisory contract. "Making this information more readily available to shareholders may help them better understand
Pooled balanced funds earned a median 1.1% return in the first quarter, extending the recovery that began in 2003 when they earned an average of 18.1%, the first positive return in four calendar years, according to a report issued this
Sterling Commerce says Societe Generale and Euroclear have bought its Connect Express Unix solution for their migration to the IP based SWIFTNet from its traditional FIN X.25 based network. These two new partnership announcements follow the decision last year by
Schneider Capital Management (SCM) says its hedge fund platform has signed up its first established hedge fund client. Established funds can now plug their middle and back office, trade processing and reconciliation into Schneider's operating infrastructure. "Established funds can now
The Bank of New York has been appointed by insurer Endurance Specialty Holdings Limited to provide custody and securities lending services for its domestic and international assets.
Northern Trust has appointed Penny Biggs as head of its institutional custody, fund administration and asset servicing business in Europe, Middle East and Africa (EMEA). She also becomes General Manager of The Northern Trust Company's London Branch, based in Canary
The Dutch financial markets regulator said this week that a watchdog investigation indicated that investment funds in the country failed to sufficiently protect the interests of investor, Reuters reported. The Authority for Financial Markets said in a report that a
Northern Trust said it had named Penelope Biggs to lead Northern Trust's institutional custody, fund administration and asset servicing businesses for Europe, the Middle East, and Africa. Biggs also assumes responsibility as General Manager of The Northern Trust Company's London