Tips for striking the right balance in investment ops

The mandate for today’s investment operations teams has 3 components: Operate efficiently and Provide a high level of client service and Provide 24/7 coverage around the globe. Speakers at NICSA’s third Investment Operations Seminar, held yesterday in Boston, talked about how they strike the right balance among these often competing objectives.

Deciphering Eurospeak

If the “Globalisation of fund regulation” panel at the International Bar Association’s 22nd Annual Conference on the Globalisation of Investment Funds yesterday drove one thing home, it’s that the European regulatory system is complex.

Growing interest in NewCITS

“Are you seeing convergence between regulated mutual funds and hedge funds?” was the question I posed to a panel of top fund industry executives from BNY Mellon, Brandes, Ernst & Young, John Hancock and Wells Fargo.

12b-1 R.I.P.?

The SEC has announced that it will turn its attention back to 12b-1 reform this summer. That’s a grave disappointment to many in the industry who hoped that the 12b-2 proposal would die of neglect — with its most visible proponent, Buddy Donahue, now back in the private sector and with the Commission distracted by the avalanche of Dodd-Frank rulemakings.

Bob and Theresa go to Washington

Bob Pozen and I will be at the ICI General Membership meeting tomorrow, Thursday May 5th, signing copies of our new book, The Fund Industry: How Your Money is Managed. We’ll be on the Event Stage in the Exhibit Hall from 4:45 pm to 7 pm during the evening reception.

Investment operations: a critical link

An investment operation area deals with a high level of complexity on a daily basis — arguably more complexity than any other area in a fund management company. It provides a critical link between the front office and the back office and interacts regularly with all the service providers to a fund, from the transfer agent to the pricing services, from the independent auditor to the prime broker.

Adventures in plumbing

When we think about planning for business continuity, we tend to think first about natural disasters such as hurricanes or earthquakes — but the problems that cause an office to close are equally likely to be man-made.

SEC to pick up 12b-1 discussion this summer

SEC Commissioner Elisse B. Walter announced today that the SEC will return to the issue of 12b-1 reform “in force” this summer, after the 1-year anniversary in July of the passage of the Dodd-Frank legislation.

Rominger’s view from 9 weeks in

Eileen Rominger spoke today about her first 9 weeks as the SEC’s Director of the Division of Investment Management. She made her comments at the Mutual Fund Directors Forum 2011 Policy Conference, held in Washington DC.

How to get ahead in the fund business

How does a firm move into the upper echelons of the mutual fund industry? Conventional wisdom will tell you that it has to have top-ranked investment performance, combined with an extensive distribution network.

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