Latest Commentary

The mother of all private equity buyouts?

The conventional wisdom holds that the heyday of private equity has passed, hence the many moves by the industry to diversify its revenue streams. But at some point, the old-fashioned leveraged...

Maker-taker pricing stokes controversy still

There are a lot of market structure issues up in the air at the moment, awaiting regulatory action. A great example: Maker-taker pricing by the top exchanges, which has drawn lots of attention. NYSE...

Clouds rising

A recent study on cloud usage in the investment management industry found that not only are cloud adoption rates rising, but so are satisfaction levels. Of 101 senior-level investment management executives surveyed, 87 percent said they are using cloud services and 90 percent of those users said that their chosen cloud model meets or exceeds expectations.

Jamie Dimon's strongest argument

The chairman and CEO of JPMorgan Chase has made clear that his bank has been unfairly targeted in many mortgage enforcement actions because the alleged bad behavior occurred not at JPMorgan Chase...

Ethics culture starts at the top

So what is the key determinant of strong corporate compliance? A recent essay in Compliance Week raises lots of interesting points about what constitutes good compliance, including IT compliance. One...

Separating facts from myth in asset management

It has been approximately six years since the financial crisis of 2007, and assets under management in the fund management space have now returned to their pre-crisis levels. So does that mean the industry is back to where it was? Do comparable AUMs translate into comparable levels of profitability?

How will Abigail Johnson restore Fidelity's luster?

Abigail Johnson has found herself in the unenviable position of having to turn around a once-proud mutual fund company. Her task is complicated by the fact that the big stumble took place while her...

Wall Street okay with dark pool reporting rule

Not too long ago, an industry spat pitting the NYSE against one of the largest broker-run dark pools led to an unfortunate situation: the biggest active dark pool in the U.S. market, Credit...

Electronic bond trading in the low dealer inventory era

The number of announcements about electronic bond trading marketplaces launching, relauching, expanding, or trying to launch can sometimes seem too numerous to track. Yet these announcements come at a time when many are scratching their heads about the bond market.

Private equity diversification: possible conflicts

It's no secret that traditional private equity firms have been hell-bent on diversifying over the last few years -- with good reason. At this point, even referring to the likes of Blackstone and KKR as private equity companies seems a little off. Alternative asset manager may be more accurate, though it lacks pizazz.