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jerryking : monitoring   3

At BlackRock, a Wall Street Rock Star’s $5 Trillion Comeback - The New York Times
SEPT. 15, 2016 | NYT | By LANDON THOMAS Jr.

(1) Laurence Fink: “If you think you know everything about our business, you are kidding yourself,” he said. “The biggest question we have to answer is: ‘Are we developing the right leaders?’” “Are you,” he asked, “prepared to be one of those leaders?”

(2) BlackRock was thriving because of its focus on low-risk, low-cost funds and the all-seeing wonders of Aladdin. BlackRock sees the future of finance as being rules-based, data-driven, systematic investment styles such as exchange-traded funds, which track a variety of stock and bond indexes or adhere to a set of financial rules. Fink believes that his algorithmic driven style will, over time, grow faster than the costlier “active investing” model in which individuals, not algorithms, make stock, bond and asset allocation decisions.

Most money management firms highlight their investment returns first, and risk controls second. BlackRock has taken a reverse approach: It believes that risk analysis, such as gauging how a security will trade if interest rates go up or down, improves investment results.

(3) BlackRock, along with central banks, sovereign wealth funds — have become the new arbiters of "flow.“ It is not about the flow of securities anymore, it is about the flow of information and indications of interest.”

(4) Asset Liability and Debt and Derivatives Investment Network (Aladdin), is BlackRock's big data-mining, risk-mitigation platform/framework. Aladdin is a network of code, trades, chat, algorithms and predictive models that on any given day can highlight vulnerabilities and opportunities connected to the trillions that BlackRock firm tracks — including the portion which belongs to outside firms that pay BlackRock a fee to have access to the platform. Aladdin stress-tests how securities will respond to certain situations (e.g. a sudden rise in interest rates or what happens in the event of a political surprise, like Donald J. Trump being elected president.)

In San Francisco, a team of equity analysts deploys data analysis to study the language that CEOs use during an earnings call. Unusually bearish this quarter, compared with last? If so, maybe the stock is a sell. “We have more information than anyone,” Mr. Fink said.
systematic_approaches  ETFs  Wall_Street  BlackRock  Laurence_Fink  asset_management  traders  complacency  future  finance  Aladdin  risk-management  financiers  financial_services  central_banks  money_management  information_flows  volatility  economic_downturn  liquidity  bonds  platforms  frameworks  stress-tests  monitoring  CEOs  succession  risk-analysis  leadership  order_management_system  sovereign_wealth_funds  market_intelligence  intentionality  data_mining  collective_intelligence  risk-mitigation  rules-based  risks  asset_values  scaling  scenario-planning  databases 
september 2016 by jerryking
This Is How We Do It: Ben Horowitz on How Software Testing Has Changed - The CIO Report - WSJ
March 12, 2015 | WSJ |By STEVE ROSENBUSH.

Two trends led to the creation of SignalFx...“It used to be that every server was sacred and if one went down, it was a catastrophe,” Mr. Horowitz said. In the era of the cloud and so-called webscale companies, that no longer should be the case, he contends. “Facebook has over one million servers. If one goes down, it doesn’t matter. What matters is how the app that is being served is performing. Is there a bottleneck or is it doing okay?”...The other big trend behind the creation of SignalFx lay in software development process. In an era of continuous deployment and updates, there’s no time to have IT identify a problem and kick it back to the engineers....“What you really need is software developers looking at how applications are doing. But you have to give developers tools to instrument their own code,” he said.

Such monitoring tools will vary from case to case. “Memory usage, response time .. any number of things may characterize an application tier, or Web tier. You have to be able to express things like that.... “In the old days, from the engineering standpoint, functionality was a huge thing. Now it is a small thing when it comes to testing. Scale and reliability are the big things, and testing has to be in real time.”
Ben_Horowitz  Andreessen_Horowitz  software_development  tools  CIOs  monitoring  SignalFx  scaling  reliability  real-time  testing  control_systems  dashboards  instrumentation_monitoring 
march 2015 by jerryking

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