Asset management
Bank-loan funds in the dark over liquidity rules
Haziness in SEC requirement on ‘highly liquid’ assets could leave funds open to litigation
The game is on: The buy-side tale
Sponsored feature: Rimes
UC’s Bookstaber urges use of agent-based models
Pension fund’s CRO says buy side should go beyond stress tests and try to model systemic risk
Practical applications of smart beta
Sponsored feature: Amundi
Goldman and Federated first to clear MMF repo trades
Money funds cleared over $10 billion of US Treasury repo trades at FICC in June and July
Banks shelving alternative beta products at increasing pace
Data suggests overfitting partly to blame for mothballing of two in five strategies
Insurance experts downplay fears about risk margin
BoE paper’s prophesies of lower investment and thinner liquidity are too dramatic, specialists think
Asset managers grapple with implications of cost transparency
Regulatory push for openness heightens concerns about impact on trading
Esma backtracks on account segregation
Status quo protected for rehypothecation of collateral in tri-party, securities lending and prime brokerage
Bloomberg testing use of image recognition in volatility trading
Computers could be used to spot kinks in volatility surfaces
EU money fund rule threatens negative rates management tool
Constant net asset value funds may have to change format during prolonged spells of negative rates
Cyber insurers accused of lax underwriting standards
Loss data becoming more granular and diverse, but critics highlight pricing inconsistencies among underwriters
Funds call for delay to SEC’s ‘nebulous’ liquidity rule
Industry groups say monitoring tools are six months from ready
BlackRock to use machine learning to gauge liquidity risk
Firm close to rolling out new models for redemption risk and market liquidity
Will private credit go from boom to bust?
It is the acceptable face of shadow banking. But is too much money chasing too few opportunities in private credit?
Quants look to image recognition to process alternative data
Funds are using machine learning to screen alternative datasets more quickly
What the ‘tech wreck’ doesn’t tell us about systematic investing
June sell-off might reveal more about discretionary investors watching factors
Investment funds would magnify a liquidity crisis – BoE
Bank of England’s first stress simulation suggests corporate spreads would gap 41bp on 1% redemptions
Rethinking risk management in the age of cognitive computing
Content provided by IBM
Why Robert Almgren no longer trades using Almgren-Chriss
Co-author of popular model says market nuances are critical in optimal execution
Academic shines light on data mining in alternative beta
Sharpe ratios on complex products fall 73% compared with backtests
Experts dismiss research showing flaw in value strategies
Academics who argue quant value strategies select companies with inflated accounts miss the point, say industry players
A new way forward: The impact of cognitive technology on the investment management industry
Content provided by IBM
Best tech vendor for Solvency II: IBM
Flexible offering helps insurers maximise business value from compliance efforts