Value investors value Black Diamond

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Continuing our series of profiling successful advisors, we had the unique pleasure to sit down with Jordan Smyth, Managing Director of Edgemoor Investment Advisors. Edgemoor, based in Bethesda, MD, is a wealth management firm providing investment management and financial planning services to individuals and families, trusts, retirement plans, non-profit organizations, and foundations. Read more ›

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Posted in Practice management

Client story: The logical outsourcing choice for Chilton Trust

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It’s no secret that investment firms have choices when it comes to technology hosting. There are providers out there who will perform basic rack-space hosting or host applications for investment firms only. Where both of these arrangements start to get dicey is over service, support, and long-term commitment. Read more ›

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Posted in Traditional and Alternative Asset Management

MiFID II transaction reporting is upon us – will you be ready?

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How will your firm comply with its MiFID II transaction reporting obligations?

With the rules set to come into force on January 3, 2018, time is running out for firms to ensure they have a robust and properly tested solution in place.

And the cost of non-compliance is steep. The UK’s Financial Conduct Authority, for instance, has previously charged a £1.50 fine per line of incorrect or non-reported data, notes regulatory think tank JWG [1]. That can soon add up … as Merrill Lynch’s recent £34.5m fine for historic reporting failures under the EMIR rules shows.

Read more ›

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Posted in Advent Software, Compliance, Regulation, Compliance, and Security

January live date for IFRS 9 accounting standard puts spotlight on asset manager systems

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After almost a decade in the offing, the IFRS 9 Financial Instruments accounting standard will finally become mandatorily applicable for financial services organizations as of January 1, 2018.

Why does this matter?

IFRS 9 marks a major change to the way financial instruments must be treated under the International Accounting Standards Board’s (IASB) accounting principles – principles that many markets around the world have now adopted. So it’s vital firms have the accounting capabilities to be able to comply. Read more ›

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Posted in Advent Software, Compliance, Hedge Funds

Searching for Operational Alpha at GAIM Ops West Coast

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The term “operational alpha” crept into our industry’s lexicon a couple of years ago. Borrowing a term we use to denote -superior performance above a benchmark, this twist on “alpha” is about improving operational performance by uncovering hidden cost savings and efficiency gains that boost the bottom line. When people in our business hear the term, they get it right away. What they don’t always get is how to achieve it. Read more ›

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Posted in Traditional and Alternative Asset Management

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