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International

Network Promises London to Frankfurt in 4.2 Milliseconds

- The operator of a pan-European data network has deployed high-speed optical networking gear, to achieve trip times of 4.22 thousandths of a second between London and Frankfurt and 2.65 milliseconds between Paris and Brussels.

Study Finds Managers Are Prepared for Battle

- Boston Consulting Group releases annual report, finds firms are facing an “uphill battle."

China to Weather Slow Worldwide Growth Ahead: Bolton

- Fidelity veteran Anthony Bolton continues to believe in the emerging dominance of China.

Citi's New 'Global Bank' Model Offsets Sluggishness in U.S.

- Asia, Latin America generated more than 70% of the bank's $22.1 billion in profits in 2Q10.

Fund Managers Grow Skeptical of Emerging Markets

- Emerging markets. Red hot....Or not.

UCITS IV Prompts EU Managers to Spend More on PAS

- Prompted by a shift toward defined contribution plans and regulatory changes, European fund managers and their asset servicing providers will increase their spending on portfolio management and accounting systems to $787 million by 2012, from about $646 million in 2009, according to a report released by Aite Group.

NYSE Tech, Markit to Combine Data on OTC Equities in Europe

- NYSE Technologies, the commercial technology unit of NYSE Euronext, said it will take data from Markit BOAT, the largest trade reporting venue in Europe, and integrate it into its market data products.

Investor Confidence Falls, EU Concerns Ease

- Two months ago, 61% beliveved the world economy was on the mend. Now, only 24% share the faith.

Investors Clamoring for Alternative Mutual Funds

- The search for “mainstream” absolute returns and uncorrelated investment strategies spikes demand in U.S. and Europe.

Bullion Heads Payden & Rygel’s New Boston Office

- This is the independent LA firm’s first East Coast foothold.

Euro Bank Woes Spook U.S. Money Market Funds

- New SEC rules that take effect May 28 are also making money funds wary.

HSBC: It’s Time for Affluent Investors to Re-Jigger Allocations

- Despite taking severe double-digit losses on their portfolios, affluent investors surveyed recently by HSBC still largely have the same portfolio allocations they did at the onset of the financial crisis in 2008.

Hedge Funds Still Bullish on Asset-Backed Securities

- Managers see plenty of opportunities ahead from new regulations and disconnects in the capital markets.

Sun Life Launches Canadian Fund Family

- The fund family, which will include a proprietary family of Canadian funds, brings investment capabilities of MFS Investment Management to Canadian retail investors.

ProShares Launches Ultra-Leveraged International ETFs

- Funds will provide enhanced exposure to international indexes.

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