Monday, 22 September 2014
Last updated 6 min ago
May 20 2009 | 9:14am ET
Facing calls for greater transparency, hedge funds are expected to increase their outsourcing of back- and middle-office systems, and Citigroup is offering its services.
The financial services giant has launched a middle-office outsourcing business for hedge funds. The new business will provide daily reconciliation, trade processing, profit and loss reporting, derivatives confirmation and valuation, collateral management, corporate actions processing and cash management for a variety of asset classes and market. Hedge funds can use the Citi middle-office service on its own, or as part of Citi’s whole suite of hedge fund services, including administration, custody and prime brokerage.
At least one hedge fund has already outsourced its middle-office to Citi, according to Hedge Funds Review magazine.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.