Tuesday, 30 September 2014
Last updated 1 hour ago
Aug 3 2011 | 9:55am ET
Hedge fund administration and technology firm GlobeOp Financial Services saw its assets under administration increase 14% in H1 2011 to $170 billion, bringing the total increase for the past 12 months to 42%.
The firm saw revenue rise 23% over the past 12 months to $110.4 million, while its adjusted operating profit rose 28% to $32.4 million. The firm also saw an expansion of its adjusted operating profit margin—from 28.4% in H1 2010 to 29.4% in H1 2011.
Hans Hufschmid, chief executive officer, said: “GlobeOp performed well during the first half of the year…We added new clients, particularly in the second quarter, and our new business pipeline is building. We have continued to invest in our capabilities and enhanced our marketing efforts while expanding profit margins and generating strong cash flows. We see an array of growth opportunities for GlobeOp and believe recent global volatility will create opportunities for fund managers over time. We remain optimistic about our business and look forward to the second half of 2011.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...