Hedge funds

Evolving credit

The flexibility of credit default swaps makes them an invaluable tool for arbitrage, speculation or hedging products

Winning both ways

Two years ago, Mulvaney Capital took a risk by looking for a new investor, but the relaunch has proved fruitful

Ferc’s California clean-up

Sixty energy firms and utilities will have to justify their activities during the California energy crisis, the Federal Energy Regulatory Commission (Ferc) said in its regular bi-weekly meeting on June 25.