Financial Technology News Feed http://www.financialtechnology.co.uk/rss.xml Financial Technology Ltd feed of important Hedge Fund news. en-gb Mon, 18 August 2008 16:00:00 GMT Mon, 18 August 2008 16:00:00 GMT Manual enquiries@financialtechnology.co.uk enquiries@financialtechnology.co.uk 5 adverse changes in market prices ...can lead to widespread financial panic http://www.frbatlanta.org/filelegacydocs/erq406_lo.pdf An extensive report constrcuted by the federal reserve bank of Atlanta into whether systemic risk is amplified by hedge funds and the possible risks posed on a global scale. Mon, 18 August 2008 16:00:00 GMT ...spreadsheet calculations in a comapny are not tested independently for accuracy and the probability of material error is way over90pc http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/06/30/ccspread30.xml An article in a daily newspaper discussing how it is only a matter of time before spreadsheets cause serious operational risk, paying specific attention to the collapse of the hedge fund Long Term Capital Management. Mon, 07 July 2008 14:00:00 GMT Far too many of today's hedge fund managers do not follow this golden rule ...the result is frequent weakness in core accounting controls http://castlehall.typepad.com/risk_without_reward/2008/02/not-just-blow-u.html Article highlighting the dangers of simply relying on administrators for financial figures, stating that the golden rule is to have a secure, reliable system in-house that works parallel alongside 3rd party administrators. Mon, 30 Jun 2008 12:00:00 GMT For hedge fund managers yearning to know which clients come and go, Ron Kashden may have developed the next best thing to a crystal ball http://www.reuters.com/article/idUSN1833046620080618 An extract from Penny's creator Ron Kashden explaining Penny's widening appeal as along with transforming the back office with superb accounting procedures it is now becomming an extremely succesful business intelligence tool. Thu, 19 Jun 2008 05:00:00 GMT firms are very discerning. They would rather leave a position vacant than fill it with an unqualified candidate http://www.jobsinthemoney.com/news.php?articleID=523 A recruitment website which shows that hedge funds are willing to pay big money for the right applicant, because of supply shortages of top talent. Mon, 16 Jun 2008 11:00:00 GMT the hedge fund industry faces critical staffing problems http://news.efinancialcareers.co.uk/NEWS_ITEM/newsItemId-12199 A financial careers article dissecting the trouble that hedge funds face when recruiting and retaining back office staff, despite the earning power investment firm's supply. Tue, 20 May 2008 11:00:00 GMT ...half of hedge fund blowups since 2000 have resulted from backoffice inefficiencies http://www.carbonbasedconsulting.com/fullaccess/06-26-06%20SIN%20Operational%20Risk%20as%20HF%20Investment.pdf A reaction to the report by the Bank of New York, titled "Hedge Fund Operational Risk: Meeting the Demand for Higher Transparency and Best Practice" which states how operational risk has become a critical issue in light of the hedge fund market's growth and diversity. Mon, 12 May 2008 15:30:00 GMT Operational risk...refers to risk owing to human error or risk due to an inadequate administrative system http://hedgefundsdemystified.net/Excerpt1.aspx A brief article which has been excerpted from the book 'Hedge Funds Demystified' detailing specific risks associated with the hedge fund industry. Mon, 12 May 2008 15:30:00 GMT operational risk higher on the management agenda for hedge funds http://www.ezecastleintegration.com/news/documents/HedgeFundsandServicersFaceOpRiskIssues.pdf A brief insight into how serious operational risk has become in the hedge fund industry. Tue, 13 May 2008 11:00:00 GMT The fund of hedge fund industry is extraordinarily under-automated, and technology has lagged http://www.efinancialnews.com/assetmanagement/pensionfunds/content/2349944315 An article dealing specifically with fund of hedge funds discussing the dangers associated with manually processing accounting functions and how so far the appropriate technology is unavailable. Tue, 13 May 2008 11:00:00 GMT the disadvantages and dangers of spreadsheets outweigh the conveniences http://businessfinancemag.com/article/new-tools-enhance-excel-0401 An editorial piece showing the limitations and inconveniences of spreadsheets while offering no substantial, viable alternative. Tue, 13 May 2008 11:00:00 GMT It is completely possible that a single, large, complex but erroneous spreadsheet could directly cause the accidental loss of a corporation or institution http://www.spreadsheetrisks.com/SpreadsheetsLondon.pdf A detailed examination into the alarming situation in London currently due to large, problematic and erroneous spreadsheets. Tue, 13 May 2008 11:00:00 GMTic and er