All Features articles – Page 339
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Features
Europe's end-game comes closer
Along with the untimely, if unlamented, demise of the global Straight Through Processing Association, the acquisition by State Street of Deutsche Bank Global Securities Services was undoubtedly one of the more notable developments in the industry during 2002. The transaction put State Street at the very top of the custody ...
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Features
Short end of curve opens up
The last month has seen an immense rally in government bonds, predominantly spurred by Alan Greenspan’s comments. His hints at concerns of deflation in the US have given the market the impression that an increase in interest rates by the Fed will be a long time coming. Economic data released ...
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Features
Putting custodians to the test
Clients actively involved with their custodians know their provider does not just offer custody and settlement services. All custodians these days are leveraging the existing relationships they have with their custody clients. They are keen to add to the list of ‘value added services’ used by their clients. Many believe ...
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Features
Cut through to essentials
After three years in a bear market that has seen asset managers operating in Europe bringing out the magnifying glasses to scrutinise the bottom line of a business formerly held up as the great profit driver, you could expect things to be different for those responsible with plotting the way ...
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Features
Deepest and most liquid market
Ask any manager of US fixed income why investors need to be invested in US fixed income and they will tell you that no bond market is so large or so wide or so deep or so liquid. Worth an estimated $7trn (E6trn) it dwarfs every other market in the ...
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Features
Dollar's fall divides market
The recent realignment of the euro with the dollar has created clearly defined winners and losers in the Eurozone equities market. The winners are companies that import their raw materials from outside the Euro-zone while the losers are companies like semiconductors that export outside the Euro-zone. Catherine Reilly, chief economist ...
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Features
Wall Street fall out
American pension funds will not get a penny of the $399m accused restitution fund paid by 10 of the biggest Wall Street firms found ‘guilty’ of conflicts of interest. In fact the settlement between them and the US government, following New York State Attorney General Eliot Spitzer’s investigation, should benefit ...
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Features
Three pillar foundation
Life insurers and banks offering mutual funds stand to gain most from any expansion of Greece’s funded occupational pension plans. The Greek life market is dominated by a handful of insurers. In 2001 the top four had 66% of the market, split between Interamerican (now part of the Netherlands-based consortium ...
