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Sponsor's article > BNL Case Study: Improving Risk Control and Achieving Capital Savings
Today, with approximately 17,000 employees, 700 branches across Italy, an international presence to support its corporate clients, and a ranking within the top 50 of European banks in terms of market capitalization, Banca Nazionale del Lavoro (BNL) is…
Credit risk stress tests need more work, says BIS
Leading banks have yet to develop a solid framework for credit risk stress tests that deals with all the likely effects stress events would have on their businesses, according to the latest report by the Bank for International Settlements (BIS).
From alpha to gamma
French hedge fund ADI entered the incubation business by launching subsidiary New Alpha Advisors in late 2003. Solomon Teague talks to chief executive Nicholas Gomart
The income alternative
Aiming for an annual dividend yield of 7% for its investors, Forsyth Alternative Income fund of hedge funds takes a different tack on hedge-fund investing. The fund's manager, Rossen Djounov, explains the philosophy and process behind it
What banks can learn from Solvency II
Capital adequacy
The Risk Awards 2005
Risk’s sixth annual awards highlight the institutions and individuals that have surpassed expectations in highly challenging and competitive markets, as well as recognising the achievements of a broader range of end-users of derivatives.
Revisiting hedge funds: the institutional investor's perspective
pension investing
The value of VAR
IAS 39
From Basel II to Basel III
Financial institutions face major challenges in modelling credit portfolio risk, particularly in the field of CDOs. Walter Schulte-Herbrüggen and Gernot Becker argue that the main challenge will be in model testing, due to the increasingly customised…
Reopen for business
As GAM reopens some of its multi-fund hedge portfolios to new investors, David Smith reflects on the hedge fund industry, GAM's progress and staggering intake of money in 2004
From Basel II to Basel III
Portfolio risk
Sabre's latest fund launch ready for take-off growth
London's Sabre Fund Management does not just stop at stock-picking in its European long/short fund. It applies style rotation to sectors as well
Hedge fund imperatives
legal issues
Full steam ahead for Patti Chiari
Structured products
A solution to counterparty credit risk?
The race is on to find a solution to outstanding issues such as counterparty risk, double default and the treatment of illiquid assets on trading books before Basel II is enshrined in regulation.
Alternative investments: asset allocation in multimanagement
asset allocation