Rising delinquencies in the US subprime mortgage sector have triggered a flood of downgrades by credit rating agencies. As a result, confidence in ratings has been shaken, and they have come under fire from investors and regulators. Is the criticism justified?...
The rate of growth in the complexity of new derivatives products is causing a worrisome lag in risk management's ability to keep pace. As credit derivatives markets endure a period of stress, this lag could have serious consequences, argues David Rowe
Investment bank Barclays Capital has sharply increased its appetite for risk-taking in the first half of 2007, with all the new risk being taken in the commodities segment, according to Barcap reports.
While getting the strategy and manager mix right may be the 'visible' end of a successful fund of hedge funds house, Permal's Omar Kodmani explains to Solomon Teague advances, such as those in technology are also allowing the $35bn London house to differentiate...
Flux is a good thing if you know what to do with it. In changing markets that produce evolving opportunities, some of the hedge fund managers at Threadneedle Investments sat down in London recently, to discuss the challenges and opportunities the markets...
While hedge funds may be used to holdings in cash management funds for investor redemptions, Basel II has given banks a greater incentive, to allow their use as collateral as well, Solomon Teague reports
Edhec's Walter Gehin assesses the importance of database quality and impact on various biases, on hedge fund returns
Under pressure to improve transparency, pension schemes are increasingly seeking to manage deficit/surplus volatility. The co-founder of consultancy Redington Partners in London explains how credit can play a part in that drive
Strategic risk is recognised as a potential serious risk under Pillar II of Basel II. But isolating what strategic risk actually is, let alone how to quantify it, has caused some problems for risk managers. Bob Allen of the Australian Prudential Regulation...
IGS Group's Michael Romanek observes a certain amount of give and take in negotiating the right fund financing
A confluence of supply and demand stresses could see corn and other grains make hedge funds trading in them some handy money, as David Walker explains
Edhec's Noël Amenc and Mathieu Vaissié outline the information that investment firms' activity reports should contain if they are to measure and manage their risk effectively
It's all about higher moments. The kind where you decide what is really important about what you do and how you allocate your resources. Lionel Martellini presents the Edhec guide to hedge fund enlightenment
London's MPC Investors is looking at taking in at least an extra $600m for its latest European fund launch and is setting itself up as a direct destination for institutional allocators, as its CEO Peter Harrison told David Walker
When Gary Vaughan-Smith and Alex Da Costa rode off into the sunset from ABN Amro last summer, few doubted they would reappear - and now they have galloped back onto the scene by establishing Silver Street Capital in London. David Walker trotted along...