Washington Asset Management, the New York based hedge fund manager, has appointed Richard Turnure to be Senior Investment Analyst Portfolio Manager. Washington Asset Management is the investor adviser to the Platinum Washington Fund. Turnure, formerly of Ridgecrest Partners and Chelsey
Barclays Capital announced today it was setting up dedicated fixed income prime brokerage units in London and New York to service the increased demand for corporate and government bonds and their related derivatives and financing instruments. The new Fixed Income
The Financial Accounting Standards Board (FASB) today published new US accounting rules which analysts fear will force off balance sheet transactions back on to corporate balance sheets, hammering the collateralised debt obligation (CDOs)and asset backed commercial paper markets. The new
HSBC Custody and Clearing in Hong Kong confirmed today that it had joined Citibank and Standard Chartered in being among the first foreign banks to receive approval from the Chinese authorities to act as a custodian in mainland China on
UpTick Data Technologies, a provider of personalized investment reporting to fund managers and investment advisers in the United States, announced today that it is making its monthly US mutual fund market commentary report available at no cost to investment professionals.
City Networks, the provider of software and services to the treasury, securities and derivatives markets, announced today that Raiffeisenbank a.s Prague has gone live with their CityNet Cash Reconciliation (CARS) module. Raiffeisenbank is a network bank of RZB, the central
Divyesh Hindocha has been appointed new Head of the Ireland & Continental Europe Practice of Mercer Investment Consulting. He takes over from Tim Gardener who will now concentrate on his role as Global Practice Head. Hindocha is a Worldwide Partner
The value of the assets held by mutual funds around the world declined by 7.9 per cent in the third quarter of 2002 to $10.65 trillion says the Washington based Investment Company Institute (ICI). The third quarter decline in worldwide
Grupo mF the Spanish electronic securities trading group which combines the MEFF futures and options market, the SENAF government bond trading platform and the AIAF corporate bond platform say trading volumes were up last year by 10.5 per cent to
One Ten, the London based provider of STP solutions to fund managers, announced today that it had appointed Phil Roberts as the company's new Chief Executive Officer. Roberts will report to Gene Moynihan, founder and previously CEO and Chairman of