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Axa
Latest Headlines
Latest Headlines
SEC targets quant funds
Back when the industry trading scandals were white hot, there was a little bit of Schadenfreude emanating from the algorithmic crowd.
These quant-oriented funds were quick to point out that they didn't need to scour for tidbits of illegal insider information to trade on. They made money via th
SEC to get tough on risk management execs
The vaunted coding error at quantitative fund manager Axa Rosenberg continues to make news. Recall that earlier this month, the firm agreed to pay $242 million for the error in its risk model. Out of
Axa sells Goldman Sachs, adds commercial bank exposure
Axa, the French financial service giant and once the largest shareholder of Goldman Sachs, cut its holdings in Goldman (NYSE: GS ) by more than 16 million shares in the three-month period ending on June 30, according to a recent filing noted by the Financial Times . It still owns about 10.6
Time to sell India-based units?
Not too long ago, it was all the rage to either send IT work offshore or to operate your own offshore IT unit. The economics were compelling. But now that companies, especially financial services
Rise of the econophysicist?
What if we turned our top physicists loose on all that financial data floating around out there. Would they be able to come up with anything super insightful? Well, there's a new breed of physicist rising, which some call econophysicists. The "study of complex networks" is one area where physics a
