Morley’s head of investment business management, Jez Bezant, said its clients were increasingly interested in using derivatives to solve their investment problems. Those clients, typically pension funds and insurers, demand better protection from investment risk than others in the OTC market.
Barbour will be responsible for setting up a legal framework to manage and control Morley’s use of derivatives, and review current and future contracts. He will also continue to work closely with Isda on issues such as standardisation, which Bezant said was particularly important to the fund. Meanwhile, Bezant said the company would continue to look for sell-side derivatives specialists to help it prepare for trading.
The week on Risk.net, December 2–8, 2016Receive this by email