MoneyScience News |
- Blog Post: TheFinancialServicesClub: Is the Fintech bubble about to burst?
- Published / Preprint: Constructing Analytically Tractable Ensembles of Non-Stationary Covariances with an Application to Financial Data. (arXiv:1503.01584v1 [q-fin.ST])
- Published / Preprint: A Quantization Approach to the Counterparty Credit Exposure Estimation. (arXiv:1503.01754v1 [q-fin.PR])
- Blog Post: WealthandCapitalMarketsBlog: Temenos acquiring Multifonds ' the Rapidly Changing World of Asset Management â
- Published / Preprint: Regulatory Arbitrage and Cross-Border Bank Acquisitions
- Published / Preprint: Mutual Fund Flows and Cross-Fund Learning Within Families
- Published / Preprint: The Determinants of Long-Term Corporate Debt Issuances
- Published / Preprint: Outsourcing in the International Mutual Fund Industry: An Equilibrium View
| Blog Post: TheFinancialServicesClub: Is the Fintech bubble about to burst? Posted: 06 Mar 2015 03:17 AM PST I recently recorded a video for Meniga to show at their conference in London for Next Bank Europe. We had to do this as I was in New York on the day of the conference, and the organisers wanted me to present so badly they agreed to come to my house to do record my presentation. A bit unusual but, there you go.read more... Visit MoneyScience for the Complete Article. |
| Posted: 05 Mar 2015 05:36 PM PST In complex systems, crucial parameters are often subject to unpredictable changes in time. Climate, biological evolution and networks provide numerous examples for such non-stationarities. In many cases, improved statistical models are urgently called for. In a genral setting, we study systems of correlated quantities to which we refer as amplitudes. We are interested in the case of... Visit MoneyScience for the Complete Article. |
| Posted: 05 Mar 2015 05:36 PM PST During recent years the counterparty risk subject has received a growing attention because of the so called Basel Accord. In particular the Basel III Accord asks the banks to fulfill finer conditions concerning counterparty credit exposures arising from banks' derivatives, securities financing transactions, default and downgrade risks characterizing the Over The Counter (OTC) derivatives market,... Visit MoneyScience for the Complete Article. |
| Posted: 05 Mar 2015 07:36 AM PST Temenos has announced that it is acquiring Multifonds – http://www.reuters.com/article/2015/03/04/idUSFWN0W505S20150304 Multifonds out of Luxembourg is known for its IBOR portfolio and fund accounting system and its transfer agency application. Temenos, its original name back in the 1990’s was CTW (Conquer the World), is maybe doing exactly that, now adding significant Asset Management/... Visit MoneyScience for the Complete Article. |
| Published / Preprint: Regulatory Arbitrage and Cross-Border Bank Acquisitions Posted: 05 Mar 2015 03:27 AM PST We study how differences in bank regulation influence cross-border bank acquisition flows and share price reactions to cross-border deal announcements. Using a sample of 7,297 domestic and 916 majority cross-border deals announced between 1995 and 2012, we find evidence of a form of “regulatory arbitrage†whereby acquisition flows involve acquirers from countries with stronger regulations... Visit MoneyScience for the Complete Article. |
| Published / Preprint: Mutual Fund Flows and Cross-Fund Learning Within Families Posted: 05 Mar 2015 03:27 AM PST We develop a model of performance evaluation and fund flows for mutual funds in a family. Family performance has two effects on a member fund's estimated skill and inflows: a positive common-skill effect, and a negative correlated-noise effect. The overall spillover can be either positive or negative, depending on the weight of common skill and correlation of noise in returns. Its absolute value... Visit MoneyScience for the Complete Article. |
| Published / Preprint: The Determinants of Long-Term Corporate Debt Issuances Posted: 05 Mar 2015 03:27 AM PST A significant proportion of the debt issued by investment-grade firms has maturities greater than 20 years. In this paper we provide evidence that gap-filling behavior is an important determinant of these very long-term issues. Using data on individual corporate debt issues between 1987 and 2009, we find that gap-filling behavior is more prominent in the very long end of the maturity spectrum... Visit MoneyScience for the Complete Article. |
| Published / Preprint: Outsourcing in the International Mutual Fund Industry: An Equilibrium View Posted: 05 Mar 2015 03:07 AM PST We study outsourcing relationships among international asset management firms. We find that in companies that manage both outsourced and in-house funds, in-house funds outperform outsourced funds by 0.85% annually (57% of the expense ratio). We attribute this result to preferential treatment of in-house funds via the preferential allocation of IPOs, trading opportunities, and cross-trades,... Visit MoneyScience for the Complete Article. |
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