Shoreline Trading Group LLC a multi-prime brokerage and agency execution services to emerging and established asset managers, announced today that it was ranked as the Number 2 prime broker in its category in Alpha Magazine's 4th Annual Alpha Awards for Hedge Fund Service Providers. The awards are based on a comprehensive survey of hedge fund managers. The ranking in the survey is a first for Shoreline, reflecting its rapid growth relative to entrenched firms and proving the value to clients of its boutique approach to multi-prime brokerage.
In the context of the global market crisis, the award recognizes the confidence that asset managers have in Shoreline's ability to deliver its boutique business model: focused on accessing multiple prime brokerage firms through a single relationship and providing high quality customer service to its clients. Recognizing the fiduciary and operational risk requirements that funds have for multiple prime brokerage relationships, Shoreline introduces its accounts to the clearing and custody services of Goldman Sachs Execution & Clearing, JP Morgan Securities, Credit Suisse Securities Corp, and Fortis Securities. To facilitate these services, Shoreline provides hedge funds, institutions, and professional traders with trade execution platforms and turnkey back office solutions.
Said Michael Murray, Shoreline Partner: "In navigating today's turbulent global market conditions, asset managers require both expertise and experience. The recognition and confidence that hedge funds have placed in Shoreline through the Alpha Award confirms the successful efforts we've made to service our clients since 1996, and we are grateful to them. Our franchise has been built by a comprehensive focus on client service and a commitment to providing our clients with the various multi-prime brokerage and agency execution tools they require. Our clients, regardless of size, will continue to receive boutique, best-of-breed, world-class service, guidance, and insight to help them navigate the challenges and volatility of today's environment, to increase assets under management, and to improve alpha."
Showing posts with label 2008 awards. Show all posts
Showing posts with label 2008 awards. Show all posts
Wednesday, 22 October 2008
Monday, 29 September 2008
Greenwich Associates Awards
Turmoil in global credit markets and the economic slowdown are prompting many U.S. businesses to establish additional relationships with a wide variety of banks as a means of securing access to credit. As they do so, middle-market businesses are turning to a host of large national, regional banks and smaller institutions "perceived" as survivors. One reason: Regional banks are improving the quality of service they deliver to business clients -- an achievement that helped this banking group to dominate the 2008 Greenwich Excellence Awards for Middle Market Banking.
"In recent years, smaller regional and community banks emerged as a serious competitive threat to big banks by delivering commercial banking clients service quality that was truly superior and distinctive," says Greenwich Associates consultant Chris McDonnell. "But the nation's larger regional providers have responded to that threat by devoting the resources required to significantly improve their own customer experience."
The results of Greenwich Associates' 2008 Middle Market Banking Study reveal that mid-size businesses give strong service quality ratings to banks like Wachovia, M&I, Bank of the West, BB&T, and Zions Bancorp including their affiliate banks. Improvements in service quality seem to be paying off in today's difficult market environment. "As middle-market businesses add new banking relationships in an effort to ensure an uninterrupted flow of reasonably priced credit, they are seeking out institutions that they see as offering more stability," says Greenwich Associates consultant Pete Garrison.
As Greenwich Associates consultant Don Raftery explains, "In the past, businesses might have shied away from some of the large banks based on past negative experiences. But now that many of these larger banks have raised their service quality and offer a sense of security, they have once again become an attractive option."
"In recent years, smaller regional and community banks emerged as a serious competitive threat to big banks by delivering commercial banking clients service quality that was truly superior and distinctive," says Greenwich Associates consultant Chris McDonnell. "But the nation's larger regional providers have responded to that threat by devoting the resources required to significantly improve their own customer experience."
The results of Greenwich Associates' 2008 Middle Market Banking Study reveal that mid-size businesses give strong service quality ratings to banks like Wachovia, M&I, Bank of the West, BB&T, and Zions Bancorp including their affiliate banks. Improvements in service quality seem to be paying off in today's difficult market environment. "As middle-market businesses add new banking relationships in an effort to ensure an uninterrupted flow of reasonably priced credit, they are seeking out institutions that they see as offering more stability," says Greenwich Associates consultant Pete Garrison.
As Greenwich Associates consultant Don Raftery explains, "In the past, businesses might have shied away from some of the large banks based on past negative experiences. But now that many of these larger banks have raised their service quality and offer a sense of security, they have once again become an attractive option."
Monday, 22 September 2008
BNY ConvergEx Award
BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced that it was named a top broker for best execution according to Investment Technology Group, Inc.'s (ITG(R)) ITG Broker Edge(TM) report for the period ending March 31, 2008.
ConvergEx was named a Top 5 broker in execution quality for "medium trades - between 10,000 and 50,000 shares" and a Top 10 broker in "small trades - less than 10,000 shares." ConvergEx was also ranked in the Top 5 for "lowest execution cost" for both small and medium trades.
ITG Broker Edge is a transaction database of nearly 7 million trades ($3.3 trillion in volume) compiled from data contributed by Investment Technology Group, Inc.'s investment manager clients. The rankings are based on four quarters of U.S. equity trading data for the period ended March 31st, 2008, and on the top 50 by dollar volume.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Being recognized as a top broker in several categories that are so important to the investment performance of our clients is a great tribute to the knowledge and expertise of our sales traders and the advanced technologies used in our execution platform. Our commitment to providing best execution is the foundation of all of our client relationships, and the catalyst for our continued growth in the marketplace."
ConvergEx was named a Top 5 broker in execution quality for "medium trades - between 10,000 and 50,000 shares" and a Top 10 broker in "small trades - less than 10,000 shares." ConvergEx was also ranked in the Top 5 for "lowest execution cost" for both small and medium trades.
ITG Broker Edge is a transaction database of nearly 7 million trades ($3.3 trillion in volume) compiled from data contributed by Investment Technology Group, Inc.'s investment manager clients. The rankings are based on four quarters of U.S. equity trading data for the period ended March 31st, 2008, and on the top 50 by dollar volume.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Being recognized as a top broker in several categories that are so important to the investment performance of our clients is a great tribute to the knowledge and expertise of our sales traders and the advanced technologies used in our execution platform. Our commitment to providing best execution is the foundation of all of our client relationships, and the catalyst for our continued growth in the marketplace."
Friday, 12 September 2008
CGI Rated as Second Trade Services
Readers of Global Trade Review (GTR) have ranked CGI as the second leading trade services and supply chain provider in it’s 2008 customer survey on the trade services and supply chain market.
Global Trade Review, a leading international trade finance magazine, polled their readers to identify the leading players in trade services. The survey focused on which IT solution firms were actively meeting the latest technological innovations in the trade services area, including advancements in supply chain finance. GTR will post the results in their 2008 September/October issue, which coincides with SWIFT’s annual Sibos conference in Vienna, Austria.
“CGI is honored to be recognized by readers of GTR as a leader in the trade services market,” said Steven Starace, Director of Trade and Supply Chain Finance at CGI. “We have transformed our trade platform, Proponix360™, to match the changing industry trends, including supply chain finance, to provide the infrastructure and technology to support a bank’s global trade business. We are proud of our ability to provide banks with innovative technology solutions that enable them to form stronger, collaborative relationships with their trade clients.”
Global Trade Review, a leading international trade finance magazine, polled their readers to identify the leading players in trade services. The survey focused on which IT solution firms were actively meeting the latest technological innovations in the trade services area, including advancements in supply chain finance. GTR will post the results in their 2008 September/October issue, which coincides with SWIFT’s annual Sibos conference in Vienna, Austria.
“CGI is honored to be recognized by readers of GTR as a leader in the trade services market,” said Steven Starace, Director of Trade and Supply Chain Finance at CGI. “We have transformed our trade platform, Proponix360™, to match the changing industry trends, including supply chain finance, to provide the infrastructure and technology to support a bank’s global trade business. We are proud of our ability to provide banks with innovative technology solutions that enable them to form stronger, collaborative relationships with their trade clients.”
Thursday, 11 September 2008
Babson Capital Management Award
Babson Capital Management has been named 2008 Best Cash CDO Manager by Creditflux magazine, the second straight year it has earned the recognition despite drastically different market conditions.
Creditflux, based in London, is a leading information source worldwide for the credit derivatives and structured-credit markets, publishing a monthly newsletter, online daily news and a comprehensive database of collateralized debt obligations. The magazine uses comprehensive data analysis exclusively to determine its honorees, and the award is based purely on quantitative performance metrics. More than 300 CDOs were submitted for recognition this year. The magazine's inaugural awards were issued in September 2007.
"We are delighted to be named Best Cash CDO Manager for the second year in a row. It is a great honor and recognizes the hard work by the many skilled individuals within Babson Capital," said Thomas Finke, President of Babson Capital. "The recognition for our overall performance versus our peers speaks for the quality and consistency across our firm."
"It has been a difficult 12 months since the last awards," Creditflux noted in its August issue when nominees were announced. "New CDO issuance has plummeted ... But, as these finalists show, this has not prevented many managers [from] providing strong returns for their investors ... Asset managers are looking to the future, and are eager to show the world just how good their track record is."
The nominations for individual awards included the Duchess V CLO, nominated as Best European cash CLO - seasoned, and Duchess VI CLO, nominated as Best European cash CLO - recent, both managed by Babson Capital Europe, a subsidiary of Babson Capital based in London. The Babson CLO 2007-I, managed by the U.S. Bank Loan Team in Charlotte, N.C., was nominated as Best Cash CLO - recent.
For the Best Cash CDO Manager award, all deals that a firm had under management were compared with its peers. Through its CDO/CLO businesses in Springfield, Mass., and Charlotte and Babson Capital Europe, the firm manages more than $22 billion in 57 CDOs as of June 30, 2008.
Creditflux, based in London, is a leading information source worldwide for the credit derivatives and structured-credit markets, publishing a monthly newsletter, online daily news and a comprehensive database of collateralized debt obligations. The magazine uses comprehensive data analysis exclusively to determine its honorees, and the award is based purely on quantitative performance metrics. More than 300 CDOs were submitted for recognition this year. The magazine's inaugural awards were issued in September 2007.
"We are delighted to be named Best Cash CDO Manager for the second year in a row. It is a great honor and recognizes the hard work by the many skilled individuals within Babson Capital," said Thomas Finke, President of Babson Capital. "The recognition for our overall performance versus our peers speaks for the quality and consistency across our firm."
"It has been a difficult 12 months since the last awards," Creditflux noted in its August issue when nominees were announced. "New CDO issuance has plummeted ... But, as these finalists show, this has not prevented many managers [from] providing strong returns for their investors ... Asset managers are looking to the future, and are eager to show the world just how good their track record is."
The nominations for individual awards included the Duchess V CLO, nominated as Best European cash CLO - seasoned, and Duchess VI CLO, nominated as Best European cash CLO - recent, both managed by Babson Capital Europe, a subsidiary of Babson Capital based in London. The Babson CLO 2007-I, managed by the U.S. Bank Loan Team in Charlotte, N.C., was nominated as Best Cash CLO - recent.
For the Best Cash CDO Manager award, all deals that a firm had under management were compared with its peers. Through its CDO/CLO businesses in Springfield, Mass., and Charlotte and Babson Capital Europe, the firm manages more than $22 billion in 57 CDOs as of June 30, 2008.
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