Browsing: Operations

Operations

Qatar and the QIA: When the SWF Is Also a Family Office

Dec 10th, 2014 | Filed under: Commodities, Institutional Investing, Technology

The royal family in Qatar, the House of Thani, just took direct control of the emirate's sovereign wealth fund. Also, that fund just invested big in Uber, confirming its reputation as perhaps the worlds most aggressive deal-hunting institution. Read More


Big Data and Other Trends to Influence Hedge Funds in 2015

Nov 17th, 2014 | Filed under: Hedge Fund Industry Trends, Technology

Big Data makes possible new ranges of inferences, and gives value to new skill sets. There will continue to be plenty of roles for human beings in recognizing the shadows cast by the intense light emitted by new technologies.Read More


Bitcoin: Three Bits of News on a Microcosm

Nov 13th, 2014 | Filed under: Currencies, Technology, Digital currencies

A bitcoin-mining fire, a survey of small and medium businesses and their levels of preparedness for bitcoin customers, and a new criminal accusation against an alleged ponzi scheme: all conribute to the sense that bitcoin is a microcosm of the whole financial world, good and bad. Read More


Will HFTs force a market redesign?

Nov 12th, 2014 | Filed under: Algorithmic and high-frequency trading, Technology

One of the unintended consequences of high-frequency trading may be that it forces a market re-design. Guest columnist Ginger Szala looks at the issues.Read More


Untangling the web of HFT

Oct 13th, 2014 | Filed under: Algorithmic and high-frequency trading, Regulatory, Technology

What is the real issue behind intermarket sweep orders, and the recent dust-up over an NYSE rules change? Faille answers: Privilege. Read More


Self-Employment Tax – Limited Partners Beware!

Sep 28th, 2014 | Filed under: Partner accounting

Guest columnist Maury Cartine looks at a new IRS memorandum on self-employment tax and how it applies to limited partners.Read More


Vindicating Austrians: The New ESMA Warning on Risks

Sep 10th, 2014 | Filed under: Risk management, Technology

In a new report, ESMA discovers that some investors may be guilty of "over-reliance on continued policy support." I gather that means that investors believe that central bankers and governments will play the role of Santa Claus indefinitely. Read More


Responding to a Challenging Tweet about Front-Running

Aug 19th, 2014 | Filed under: Algorithmic and high-frequency trading, Regulatory, Technology

What do I mean by "front run," asked a reader. I use the term for a range of situations in which one party trades on the basis of advance [non-public] information of another party's upcoming trade, Faille replies. Read More


SIP and the Law of Unintended Consequences

Aug 12th, 2014 | Filed under: Algorithmic and high-frequency trading, Regulatory, Technology

Christopher Faille reviews the basic facts about SIP, the Securities Information Processor, and cites (with some incredulity) a new contention in some quarters that SIP isn't all that important because nobody really relies upon it. Read More


Deal Activity: Beer and Obamacare Both Factor In

Jul 16th, 2014 | Filed under: Private Equity, Alpha Hunters, Technology

Intralinks’ report suggests that “a handful of fundamental and positive shifts” are at work in the recent uptick in M&A activity. On a behavioral note: corporate confidence is returning, and presumably confident managements are more likely to seek out acquisition targets than are nervous managements. Read More


Isn’t all Software Abstract?: A Meditation on Alice Corp.

Jun 24th, 2014 | Filed under: Regulatory, Technology, Intellectual Property

Justice Thomas writes, "Deciding whether or not a particular claim is abstract can feel subjective and unsystematic, and the debate often trends toward the metaphysical, littered with unhelpful analogies and generalizations.” He has not given the debate a different turn, it will continue to trend toward the metaphysical etc. Read More


‘I, Algorithm’ Or, Can the Mindless be Reckless?

Jun 19th, 2014 | Filed under: Algorithmic and high-frequency trading, Regulatory, Technology

Who or what is responsible if an ATS' self-learning behavior drifts into terrain that, performed by a human, would constitute manipulative behavior? Does it matter than another algorithm has lately passed the Turing test? Read More


The End of Paper Money

Jun 8th, 2014 | Filed under: Currencies, Technology

Vikas Shah looks at the future of money--paper vs. electronic.Read More


McGonagle Testifies to the Michael Lewis Hearings

May 15th, 2014 | Filed under: Algorithmic and high-frequency trading, Regulatory, Technology, Legislation/Court rulings

After some preliminaries, McGonagle got around to the central subject of his testimony, the Concept Release on Automated Trading that the CFTC had issued back in September 2013. Much of his testimony was designed to give Congress an inkling of the range of reactions the CR has since elicited. Read More


Clearway Capital Solutions

Aug 27th, 2010 | Filed under: Service Providers

Clearway Capital Solutions From corporate website: Established in 2008, Clearway Capital enjoys the seemingly contradictory advantages of both youth and experience. Our Team has many years experience of matching quality investment strategies with increasingly sophisticated investor requirements. Yet, we have the resources and capacity to work with organisations which areRead More


InVantage Group

Jun 9th, 2010 | Filed under: Service Providers, Alpha-centric Companies

InVantage Group From corporate website: InVantage Group was formed to analyze and research strategic areas in today’s ever evolving world of business. In order to stay competitive, organizations must constantly explore strategies for advancement and growth, and our aim is to facilitate this process by providing interactive and flexible conferenceRead More


HedgeConnection

Jul 20th, 2000 | Filed under: Service Providers

Hedge Connection From corporate website: Hedge Connection is the first comprehensive, web-based, marketing tool that facilitates relationship building and allows direct interaction and exchange of information between hedge funds and opt-in, qualified investors. It is a vibrant marketing tool for all hedge funds and should be one spoke of anyRead More


Other Service Providers

Jul 20th, 2000 | Filed under: Service Providers

Other Service Providers Alpha Clone – Web-delivered investment research service that lets any investor apply the stock ideas of top hedge fund and institutional money managers. Alpha Theory Alternative Decisions Barclay Hedge – A complete client services provider: publisher, database and software provider, and industry consultant. Mount Joy Capital OrionRead More