These are stressful times for the mutual fund industry.
Martin-Artajo asked Judge Santiago Pedraz not to extradite him as the alleged events happened in the U.K. rather than the U.S. and because he has roots in Spain, according to a court official who briefed reporters today.
Todd Cipperman is the founder of Cipperman Compliance Services, which provides compliance consulting to funds, advisors, and broker-dealers.
NEW YORK Deciding whether to impose a uniform fiduciary standard for brokers and investment advisors was a high priority for the SEC, but there is no timeframe for a rule, Commission Chair Mary Jo White said.
While IT budgets at buy-side firms have not fully recovered from the cutbacks of the Great Recession, front-office demands keep growing in quantity, complexity and required speed of response.
During the crisis of 2008, service providers faced an environment in which they saw their clients' assets decline sharply.
Executives at mutual fund companies, asset management companies and support providers rated client reporting--which included any reporting that is created for the purpose of distribution to clients--as their top challenge followed closely by risk management in Money Management Executive's third annual Operations Survey.
Fund sponsors have long debated the relative merits of building, buying or outsourcing fund administration technology. As sponsors face more and more data-driven demands from regulators and investors, there is increased pressure to adopt new efficient technologies for fund administration process such as expense payments and budgeting, regulatory reporting and financial reporting. While there is no one-size-fits-all answer to the "build, buy or outsource" question a mix of cost pressures, resources, reporting requirements and technological advances have tipped the balance in favor of "buy" and "outsource."
These are stressful times for the mutual fund industry. An obvious statement, but one authored by a colleague ten years ago. Even more interesting is that the trends cited then are the same concerns that we hear from clients today. So what has changed?