Desired Features In Hedge Fund Management Software

By Adriana Noton

Hedge fund management software automates and integrates functions in the front, middle and back office, with the general ledger at the core of its functionality. An ideal system will be able to capture trades and integrate portfolio management with investor accounting to provide an end to end solution with real-time updates. But the real value is in the platform’s ability to work with different currencies and global financial instruments and derivatives.

Let’s take a look at the features an investment manager would want in this system. In the front office, it will provide real-time monitoring and order management. Scenario analysis tools and FIX connectivity to interface with brokers are definitely on the desired features list, and so are hedging overlays and modeling.

To provide some serious ROI, the system needs to be able to handle a wide range of instruments and all major currencies. This includes equity derivatives, futures and options, bank debt and swaps, and fixed income instruments like asset backed securities. If it can handle all these and more, the system will quickly out-perform comparable funds doing the same things with multiple packages and manual work.

[youtube]http://www.youtube.com/watch?v=UL_YaeNk9LQ[/youtube]

Starting with trade capture, the system needs to use a single data point of entry to populate and update all the other tools, automation functions and reports. The system takes care of order management and routing. It has to provide reconciliation and should completely automate corporate action processing like stock splits, coupon payments and dividends.

Full workflow automation all the way from trade execution interfaces to investor accounting allows the firm to take on more clients, higher trading volumes and additional products. A scalable system ensures that there are no additional overheads or staffing needs for this growth. Audit trails with pre and post-trade compliance are standard features expected in all hedge fund management software, regardless of who the provider is.

Most systems these days are able to plug in to market data and have a dashboard for reports. Once the trades have been processed by the front and middle office, the information has to flow into the general ledger. Since all transactions impact general ledgers, they can be used as data warehouses to generate reports.

More reports and filtering options will allow the investment manager to minimize risks with drilled-down exposure reporting and performance attribution categorized by strategy, funds, sector and trader. Realized, unrealized and net P&L should be visible for the day in question, month to date and year to date, not to mention open to date. The Profit & Loss data is automatically updated as the markets fluctuate and positions change.

Hedge fund management software won’t replace the investment manager, but it will soon become irreplaceable as fund managers learn to rely on it. A high growth strategy can be initiated with a range of new products and clients, all without incurring any new administrative expenditure. Note that a hosted SaaS package for investment managers is even more desirable, since it will eliminate the need to buy, install and maintain any IT hardware and software for this purpose.

About the Author: To help businesses to practice informed risk-taking, the leaders of

hedge fund management software

, provide practical risk intelligence through software that presents complex information in a fast and clear manner.

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Mascots for Vancouver 2010 Olympics based on native mythology
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Mascots for Vancouver 2010 Olympics based on native mythology

Tuesday, November 27, 2007

The mascots of the 2010 Winter Olympics in Vancouver, British Columbia were just announced. Based on mythological characters, they are Miga, Quatchi and Sumi.

Miga, a sea bear who lives in the ocean with her family pod near Tofino, and Quatchi, a young sasquatch, represent the Olympics, while Sumi represents the Paralympics that follow afterward.

A sea bear is a First Nations creature, part killer whale, part Kermode spirit bear. While illustrated as being taller than the other characters, the mascot costume of Quatchi is the same height as the other two characters.

The third mascot, Sumi, an animal-guardian spirit, is a Thunderbird that wears the hat of an orca. Sumi will be the mascot of the Paralympics.

In 2004, the Times Colonist suggested a marmot might be a good mascot, except for their winter hibernation. The organizers still chose one, named Mukmuk, as their “virtual only” counterpart.

After the Olympic logo design was leaked the day before the 2005 announcement, organizers were extremely tight lipped until today’s news conference at a Surrey school. They apparently didn’t do any development on the characters on internet-enabled computers, to ensure the images or information wouldn’t slip out.

The characters were designed by the Vancouver and Los Angeles-based Meomi Design. Their characters have been used as part of iGoogle, a customizable homepage option from Google, as well as Electronic Arts, Girls Inc., Time Out Magazine, Cyworld, Nick Jr., Bang-on Clothing, and CBC4Kids.

The Vancouver organizers have a CDN$46-million merchandising program; previous Olympics have made as much as $100 million from mascot-related products.

René Fasel, Chairman of the International Olympic Committee’s (IOC) Coordination Commission commented that “The IOC welcomes these imaginative new additions to the Olympic Family as they take their place on the world stage today – a symbol of the Games and of Canada. We know that when Olympians, Paralympians and visitors from around the globe arrive in British Columbia at Games time, they will fall under the spell of these captivating characters.”

The characters first appearance will be at a Bay store in the Lower Mainland; HBC is a major sponsor of the Games. They will then make their way to schools, take a break through the Christmas season, and fly to Ottawa for the Winterlude festival.

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Stuttering And Speech Therapy Ideas

Stuttering (or stammering) is a voice disfluency, a speech disorder. When a person stutters, the normal flow of speech is disrupted by repetitions and/or prolongations of voice sounds. Frequently, an individual is also unable to start a word.

Child stuttering, toddler stuttering and adult stuttering are themes being studied by many scientists and speech specialists all around the world. The Stuttering Foundation of America, the National Stuttering Association, the National Center for Stuttering and individual speech therapists in general are all investigating why people stutter and finding effective and fast speech therapies.

Nevertheless, even though scientists have several theories and suspect a variety of causes for stuttering, the precise mechanisms causing this disability (also called stammering) are not understood. Some believe that many forms have genetic origins.

A common form of stuttering is neurogenic. Neurogenic stuttering arise from signal problems between the brain and nerves or muscles. In neurogenic stuttering, the brain is unable to adequately coordinate the different components of speech mechanism.

The disruptions of speech may be accompanied by tremors of the lips and/or jaw, rapid eye blinks and other movements. This disorder commonly becomes more severe when speaking in front of a group of people or on the phone. On the other hand, speaking alone and singing might generally improve it or disappear completely.

Over three million Americans stutter. Stuttering affects all ages, but most frequently, children between the ages of 2 and 6 are the most affected. Preschool and toddler stuttering are especially affected while they are developing their language. When they grow up, most of them improve or cure. One percent or less of adults stutters.

Many famous people stutter. Marilyn Monroe, Bruce Willis, Winston Churchill and Mel Tillis are only a few whose success was not impeded by stuttering. Their speech language issue did not stop them to excel and express themselves magnificently.

With these encoraging news about famous people succeeding in spite of their common issue, I end part 1 of these series of articles. Much more information can be found at a site dedicated to stuttering problems and resources, as well as a library of speech language pathology.

This is the end of Part 1 of Stuttering and speech therapy ideas. On next chapters I will be writing about different and effective therapies developed lately by researchers on the field of stammering or speech language pathology.

eBay removes Canadian town’s listing of sperm whale carcass
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eBay removes Canadian town’s listing of sperm whale carcass

Thursday, May 8, 2014

Citing violations of its policy regarding “Marine mammal items”, eBay terminated an online listing on Monday by the town of Cape St. George, Newfoundland and Labrador, Canada, for a 40 ft (12 m) sperm whale carcass reportedly beached upon its shores about a week prior.

With an initial asking price of 99 cents, bidding for the carcass reportedly rose to C$238.03 within 15 bids. Reports variously state the final price of the whale, prior to the removal of the listing from the auction site on Monday at about 2:30pm, was C$2,025 or C$2,075. Listed in eBay’s “really weird” category, the carcass was considered by eBay to be an example of “items made from marine mammals regardless of when the product was made”, which are prohibited as per site rules.

Following a council meeting on Sunday in the town of 950 residents, Cape St. George’s mayor, Peter Fenwick, put the whale up on the auction site in a bid to have it removed from the town’s premises, citing a lack of cooperation from provincial and federal government officials on the matter. “It’s your problem, you solve it”, Fenwick recounted to The Globe and Mail (TGaM) as the response he received from them. Apart from eBay, Kijiji was also suggested as another avenue by which to sell the carcass.

Fenwick told CTV News, several years prior another sperm whale measuring 15 ft was beached in the area, but disappeared without incident, an act Fenwick attributed to be the work of Fisheries and Oceans Canada. “This time”, he remarked, “the authorities have told us that it’s our whale, it’s our responsibility to get rid of it.”

On putting the carcass for sale, Fenwick remarked, “We knew we had to do something with it and this seemed to be the least expensive way of disposing of it.” In a news release, Fenwick highlighted a possible use for the carcass, particularly its bones. “The 40 foot sperm whale will make a spectacular exhibit once the fat and muscle is removed, and the town is asking museums and other organizations that could use a whale skeleton to contact the town for further details.”

On retaining the whale himself, Fenwick stated, “As a town we would dearly love to keep the whale and put it on exhibit in the town but the cost of such a venture would be hard to justify.” Fenwick told TGaM the whale was “in half decent shape”. “This one looks like it died very recently and hasn’t decomposed much”, which Fenwick suggested elsewhere was due to the whale’s present location, partially submerged in near-freezing water. However, Fenwick noted its close proximity to a residential area, saying homeowners who lived there were “very interested in seeing the whale gone.”

eBay was not the only organization who barred the sale from taking place. “We also got threatened by the federal department of the environment, and told to pull the ad off or they would prosecute us”, said Fenwick on the opposition he said he received from Environment Canada, which viewed the sale as contravening a federal act designed to protect endangered species. “I received a call from the federal department of the environment saying that you’re not allowed to sell any parts of sperm whales, even if they’re dead.” he added. “So I said, ‘Oh that’s very good, I’m glad to hear that, now can you send somebody over here to get rid of it for us?'” Fenwick’s request was met with a negative response from Environment Canada.

“They’ve got to sort it out somehow. The uncertainty means it just sort of sits there and rots.” Once decomposition sets in, Fenwick remarked the carcass would become a “real nuisance”. “I don’t know if you’ve ever seen a whale that’s been rotting on the beach for a couple of months — actually sometimes you can’t see it for the clouds of flies around it — but you can smell it for about a mile”, he added.

On finding alternate means to dispose of the carcass, Wayne Ledwell, a member of Newfoundland’s Whale Release and Strandings, suggested the whale be towed out to a remote area. “They need to do that right away, when they come in and they’re fresh,” said Ledwell. “No one wants to go touch them … everything becomes gooey and slippery and you can’t stand up on the whale and it gets on your boots and you can’t get the smell off and then you go home and the dog rolls in it and you get it in your kitchen and you curse the whales, and you curse the government and … it becomes a mess.” Fenwick said they’d considered the idea, enlisting a local fisherman who, however, judged his engine too small for the job.

Previously, blue whale carcasses washed ashore in the towns of Trout River and Rocky Harbour, located about 150 km further north, and were taken by Royal Ontario Museum for preservation of the skeletons. Fenwick suggested the sperm whale carcass in his town might also meet a similar fate, as the sperm whale’s status as the largest toothed whale might prove to be a drawing attraction for such a facility.

Regarding what he plans to do next with the carcass, Fenwick said “If we’re not allowed to sell it, we’re willing to drop our 99 cent price down to a zero.” He said he hoped some eBay bidder stays interested in the whale. “We’ll be glad to talk to them about giving them the whale. We’re hoping that’s not illegal.” He also said he hoped the publicity from the town’s predicament, which garnered national attention, and its unusual means of finding a solution, would draw in someone interested in taking the whale off his hands at their own expense.

Should the whale fall under new ownership, Fenwick advised it be moved away from the town to a beach devoid of people, and the blubber left as food for seagulls, insects, and other predators. He estimated “It’ll probably take a year or so to get down to the skeleton.” As monetary gain was reportedly not what the town cared about, Fenwick was willing to offer the carcass for free, though one report noted money raised from the listing could have gone towards the building of a skate park.

The listing on eBay, as put up by Fenwick, read:

This 40 foot sperm whale rolled up on the beach last week. The actual seller is the town of Cape St. George which is responsible for disposing of it before it starts to decay. Once the fat and flesh is removed you have a spectacular 40 foot skeleton of the largest toothed whale in the world, great for museums and other attractions. To prevent it rotting in the town it can be towed to isolated beaches on the Port au Port Peninsula to allow the seagulls and other birds to remove the flesh. Call 709-644-2290 or 709-649-7070 for more details.

Please note the successful bidder will have to remove the whale within 30 days

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Blow out sales prices likely on mattresses as new U.S. fire-resistant standards take effect
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Blow out sales prices likely on mattresses as new U.S. fire-resistant standards take effect

Wednesday, June 20, 2007

If you are in the market for new bedding, and not too concerned with the new United States guidelines for mattress fire resistance, now might be a good time to buy. Mattresses sold in the U.S. must meet new federal guidelines for flammability starting on July 1.

The peak heat release rate is limited to 200 kW during a 30 minute test. The total heat release is limited to 15 MJ within the first 10 minutes.”

The flammability of mattress sets sold in the U.S. is subject to a new mandatory federal regulation requirement passed by the Consumer Product Safety Commission (CPSC) on February 16 last year. The requirement, costing mattress manufacturers an estimated $100 million to meet, is scheduled to take effect on July 1. The commission anticipates that the new standards will save 270 lives and 1,330 injuries per year from mattress fires.

“We’ve passed a new open flame regulation and the whole idea behind the regulation is to make sure that if a mattress catches on fire that the fire burns slowly enough that people have enough time to get out of the house and get away,” said Hal Stratton, chairman of the CPSC

Radio and TV advertising spots are reacting to the new regulation by discounting prices on mattresses that fail to meet the new guidelines. Sales made in the mattress industry, like the automobile industry, are highly negotiable on price. The new regulation does not appear to have much “teeth” for mattresses already in the distribution pipeline, but it is a new law that is a bargaining position for potential buyers.

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Video of man tasered at Vancouver airport released
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Video of man tasered at Vancouver airport released

Thursday, November 15, 2007

A video showing a man being tasered by police and subsequently dying at the Vancouver International Airport has been released to the media. The cause of his death has not yet been determined.

Robert Dziekanski, 40, was immigrating from Pieszyce, Poland to live with his mother, Zofia Cisowski, in Kamloops, British Columbia. He did not clear customs at the airport for over eight hours and his mother was unable to locate him when she went to meet him at the airport. Since Dziekanski did not speak English airport security guards were unable to properly communicate with him. He started yelling at the airport staff because of this. He used chairs to prop open a door between a customs clearing area and a public lounge, he then threw a computer and threw a small table at a luggage section window.

He had calmed down and was standing with his hands at his side in the customs room until four Royal Canadian Mounted Police (RCMP) officers arrived and tasered the man, at least twice. Dziekanski began to convulse and was tasered a second time after falling to the ground, where the four officers pinned him down and handcuffed him. He screamed before he stopped moving. Paramedics arrived at the scene, but were unable to revive him and pronounced him dead.

Dziekanski’s mother had told him to wait in the luggage area where she would meet him, not realizing that this was inside the airport’s security zone, which was inaccessible to her. Arriving international passengers need to pass through customs first, before being able to meet people waiting to pick them up. His mother had tried in vain to get a message to him and eventually left the airport when told by airport staff that he wasn’t there.

Paul Pritchard, who had just arrived from China back to Victoria, shot a video of the incident and gave it to police. The police promised they would return the video within 48 hours. They gave him back his camera without the video.

Pritchard immediately hired a lawyer, held his own news conference, and threatened that he would take them to court to get it back.

CBC, CTV and Global television paid Pritchard several thousand dollars for the video, and he says he will use the money to take care of his father.

“It was against his [Pritchard’s father] wishes completely and my lawyer’s wishes as well. Profit is such an ugly word, and I hope people realize that it’s not a personal profit,” said Pritchard.

“I extend my heartfelt condolences to Mr. Dziekanski’s family, knowing that I could not hope to speak to the loss that they have suffered. I would also like to express my concerns for those people who were in any way touched by this extraordinary and tragic occurrence – our employees working that night, the various agencies involved, the emergency responders and the passengers who may have come across the scene,” Larry Berg, President and CEO of the Vancouver Airport Authority said on November 1.

According to a RCMP spokesman in Vancouver, the four officers involved in the case will testify in court under the coroners request, but it is expected to happen sometime next year.

Polish ambassador to Canada, Piotr Ogrodzinski, said “Mr. Dziekanski (was) a person who was agitated, frustrated, I think terrified, but not aggressive. He was not making a gesture that he intended to fight anybody” and “he didn’t know what to do. In fact, he was in search (of) help. That is why it is a really very sad and deeply moving film to watch.”

The incident is being investigated by the RCMP, the British Columbia Coroner’s Service, the Vancouver International Airport Authority, and the Commission for Public Complaints Against the RCMP.

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Cover Letter Templates Critical Facts Unveiled

Submitted by: Romeouv Tillman

Effectively, everybody and and their brother results in cover letters rather a great deal the exact same way. They get a template from a book or the internet and then they modify it a tiny to suit their purposes. What do they conclude up with?

A Dull cover letter that appears like every person else’s Uninteresting letter.

Specialist or not, this type of cover letter does practically nothing to entice the employing manager to look deeper and it definitely does absolutely nothing to inspire them to call you in for the interview.

[youtube]http://www.youtube.com/watch?v=G0RsoyNN1JE[/youtube]

The Best cover letter is 1 that is Special and pushes all the correct psychological buttons of the employing manager. Now, you could not want to go thoroughly overboard with this idea but you do want to truly stand out from the relaxation. The finest way to do this is to utilize the similar approaches entrepreneurs use. Consider of oneself as the product or service and the hiring manager as the prospective buyer. Your cover letter must make them promptly want a sample of YOU – and invite you in for the interview.

How do you land the career of your dreams? If you have been in the job market place for a whilst, then you quite possibly know by now that a good deal of it rests in what variety of a resume you can write. A wonderful resume is a superior plan, but it all starts with a cover letter template. The covering letter is what the employer will see as quickly as he or she normally requires a seem at your resume. Simply because of this, you have to have to make certain that you have a decent cover letter template.

It really is not as well tricky to locate a cover letter template on the web, and all of them are fairly very good. The only challenge with this is that you will in all probability be downloading a template that has been used through and above all over again by other people. If you make this mistake, then the employer will probably take a single look and feel at your resume and dismiss you as either an inexperienced individual or a copycat.

If you want to enhance your occupation hunting accomplishment by leaps and bounds, study on and I’ll display you an individual of my preferred on the internet sources for cover letter template guidance, covering letter composing tips, and software that will help you create surprisingly helpful covering letters!

Doing your very own cover letter template is a superior strategy, and there are a very few steps that you can take. To begin with of all you need to opt for the borders. Make confident that you don’t pick out nearly anything as well thick, and extra importantly don’t make it appear like a higher college diploma.

One you have selected the border, you can then move on to your font. You really should choose some thing that stands out but does not seem like something a youngster would do. In other words, don’t use enormous fonts in your covering letter, and never use a font like Method or Comic Sans MS. Instances New Roman is always a fantastic selection, or even Arial.

Make sure that your covering letter is to the stage.

About the Author: I am a adolescent student who takes pleasure in pcs.

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U.S. minimum wage gets first federal boost in a decade
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U.S. minimum wage gets first federal boost in a decade

Tuesday, July 24, 2007

A federally mandated minimum wage increase for U.S. workers goes into effect today. The 70 cents per hour increase, from US$5.15 to $5.85, is the first hike since 1997.

The increase, which was approved by Congress in May, is the first stage of a 3-step increase over the next two years. Next summer, the minimum will increase by another 70 cents per hour, followed by another bump of 70 cents in the following summer, bringing the minimum wage to US$7.25 an hour by 2009.

The increase is aimed at helping minimum wage earners keep above the poverty level. The United States Department of Health and Human Services considers anyone who earns less than $10,210 per year to be in poverty. At the previous minimum wage level, a person working 40 hours a week would only exceed this by $500 a year.

As many as 20 states took the initiative to raise minimum wages before this federal government action became effective. Those states will only be affected by the new law if they fall beneath the new federal mandate.

By comparison, today’s current minimum wage for adults in the United Kingdom is equivalent to almost $11.50. As of 2005, Mexico’s minimum wage was Mex$4.50. The lowest minimum wage in Canada is C$6.50 in New Brunswick. The highest in Canada is in Nunavut, C$8.50 or US$8.15.

Many countries in Europe, such as Norway, Sweden, Finland, Denmark, Switzerland, Germany, Austria, Italy, and Cyprus have no minimum wage laws, but rely on employer groups and trade unions to set minimum earnings through collective bargaining. As of December 2006, the Australian standard federal minimum wage is A$13.47 per hour, equivalent to US$11.90.

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