Archive for November, 2007

A.E. Feldman’s Blog Hits Milestone

Friday, November 16th, 2007

Executive search firm, A.E. Feldman, celebrates the success of its recruiting blog. As of November 2007, the firm’s blog has 100 posts and the attention of readers around the globe. A.E. Feldman’s blog is a destination for accurate and insightful information on hot issues and employment trends in the financial services, legal and accounting industries [...]

FASB Rejects Blanket Deferral of FAS 157, Demand Grows for Expertise in Fair Value Accounting

Friday, November 16th, 2007

The Financial Accounting Standards Board (FASB) has rejected the deferral of FAS 157, Fair Value Measurements. According to the news release issued by the FASB, the Statement is effective for fiscal years beginning after November 15th as originally scheduled. Companies are required to implement the standard for financial assets and liabilities, along with any other [...]

Asset Managers Step Up to Address ETFs as Assets Continue to Surge

Thursday, November 15th, 2007

There has been a considerable rise in institutional use of exchange-traded funds. As mentioned ina recent Hedgeworld report,the value of assets in ETFs topped $745 billion during the first three quarters of 2007, according to data compiled by Morgan Stanley. The report states there has been a “significant increase in institutional investors using ETFs.”  [...]

2007 Bonuses to Jump For Investment Bankers and Equity Traders: Study

Wednesday, November 14th, 2007

While bonus projections on Wall Street may be worrisome for many this year, incentive payouts for investment banking groups remain on track to climb as much as 20% above last year’s levels, according to a new study conducted by compensation consulting firm, Johnson Associates. This year’s payouts will be bolstered by stellar profits from the [...]

Need For IFRS Experts Escalating

Tuesday, November 13th, 2007

Chief Financial Officers of U.S. firms seem to be reluctant to adopt International Financial Reporting Standards in lieu of U.S. GAAP for the purposes of public reporting. In fact, in a Deloitte & Touche survey of 300 CFOs and other senior financial professionals, only 20% would currently consider switching to IFRS if given the choice. [...]

Hedge Funds Seek Professionals With Expertise in Developing Credit Markets

Tuesday, November 13th, 2007

Increased activity in the highly volatile credit markets of China’s and India is drawing even more attention to the rapid growth of Asia-focused hedge funds, according to a study released today by the financial services industry consultancy Oliver Wyman. A staggering 80% of the largest Asia-focused hedge funds are investing in China and India’s credit [...]

CFOs The Natural Choice for Chief Executive: Study

Friday, November 9th, 2007

Executive pay has been under increased scrutiny by regulators. The Securities and Exchange Commission recently said it wants more analysis of how much companies pay their top executives and why along with a more concise presentation of the compensation data. But now criticism of executive pay is emanating from an unlikely place: the C-suite itself, [...]

Endowments: Reaping the Rewards of Risk

Friday, November 9th, 2007

Risk is paying off for endowments. From 1991 to 2005, endowment growth at top-tier schools outpaced colleges and universities as a whole. The primary reason for the larger profits: greater portions of the elite schools’ endowments were allocated to “alternative” assets such as private equity, venture capital, and hedge funds. That’s the conclusion of a [...]

Internal Audit Departments Seek Talent for Expanding Strategic Role

Thursday, November 8th, 2007

New research shows that internal audit departments are getting back to the basics. Firms that have been primarily focused on Sarbanes-Oxley compliance for the past four years have now achieved rebalancing, according to research compiled by Protiviti, a leading global provider of internal audit and risk consulting services. Meanwhile, Ernst & Young’s 2007 Global Internal [...]

Banks Seek Top Dealmakers to Boost M&A Teams

Tuesday, November 6th, 2007

Mergers and acquisitions have surpassed last year’s record total of $3.55 trillion. Bloomberg reports that October was the busiest month in the past three with $262 billion in deals. A recent study finds that companies are picking up the slack as private-equity firms remain constrained by rising borrowing costs. “There is a big turn back [...]