The London based Investment Management Association (IMA) today published its response to the Financial Services Authority (FSA) discussion paper on Short Selling (DP17). The Association says it agrees with the emphasis on greater transparency of short selling in the market
Northern Trust announced today it will deliver fund administration, transfer agency and custody services to the Insight Liquidity Fund, which was launched this month. Insight Investment Management Limited is the asset manager of HBOS plc. "We conducted an initial review
If the securities industry is spending money on IT anywhere at present, it is in cutting costs by increasing efficiency. With front office revenues geared to plunging stock markets, the only way to widen margins is to cut costs. Further
JPMorgan Treasury Services announced today that it had been selected by CLS shareholder Banco Popular Espaol to provide CLS third party services. Morgan says Banco Popular Espaol, the third largest banking group in Spain, selected it after an extensive review
Pre Paid Legal Services Inc., the company whose stock price rose steeply after the Gotham Partners hedge fund published a flattering, counter consensual research report on the company in November last year, has been ordered by US regulators to hand
BBVA announced today that it had sold its Brazilian affiliate, BBV Banco, to Banco Bradesco, S.A. in exchange for a stake in the latter's share capital. The two banks will ratify the agreement when the pertinent Due Diligence has been
Investia, the financial services solutions company and developer of the Investia Javelin(tm) technology, have successfully become EMX compliant. The Investia Javelin(tm) technology delivers complete end to end fund processing to support retail fund distribution, using EMX as the underlying mutual
The TUC today called on UK fund managers to reveal how they vote on controversial issues in companies they hold shares in. The TUC says it is already surveying their voting records during 2002, and will use the results to
Has Hank Paulson done an Alexander? According to the Financial Times today, the Goldman Sachs chairman ended an analysts' briefing in New York on Tuesday by saying, "I don't want to sound heartless, but ... the fact is that in
Brown Brothers Harriman (BBH) today announced the hiring of Stephanie De Sisto as Senior Vice President in charge of fund accounting and fund administration in Boston. "We are thrilled to have Stephanie join the BBH team. She has been in