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“The picture is not bleak” for hedge funds, eVestment report says
20 February 2023
Reporter Lucy Carter

Hedge funds saw a US$22.6 billion decline in assets in 2022, but these figures “are not as dire as the headlines would indicate,” according to eVestment’s most recent report

SEC restates commitment to move to T+1 by May 2024
15 February 2023
Reporter Jenna Lomax

The affirmation was made at an Open Meeting conducted by the SEC today (15 February)

TNS kicks off financial markets Cloud platform project
15 February 2023
Reporter Lucy Carter

The platform offers 16 different servers, all of which are optimised for both front- and middle-office trading infrastructures

Credit Suisse acquires MK&C as part of CS First Boston carveout
13 February 2023
Reporter Lucy Carter

Credit Suisse Group has successfully acquired M. Klein & Company’s investment banking business The Klein Group, making further progress with the carveout of Credit Suisse First Boston announced in October 2022

SIFMA advises modernisation of US corporate actions
13 February 2023
Reporter Lucy Carter

Findings of the ‘US Corporate Actions Standardization Position Paper’ emerge from a working group established by EY and SIFMA’s operations and technology committee

Daniel Gamba swaps BlackRock for Northern Trust
13 February 2023
Reporter Lucy Carter

Northern Trust has appointed Daniel Gamba as president of its asset management business and member of the bank’s management group, effective 3 April

TCH pushes back CHIPS ISO 20022 migration
10 February 2023
Reporter Lucy Carter

The decision comes in response to feedback from CHIPS participants and follows similar reschedules by other global payments network providers

Illinois FPIF picks Northern Trust for custody services
09 February 2023
Reporter Lucy Carter

The FPIF was established by the Illinois Pension Code in 2019 to consolidate, manage and invest municipal and fire protection district pension funds across the state

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