Record high levels of volatility in the equity market since September have caused huge losses on popular indexes that allowed investors to take short implied volatility positions.
Barclays Capital looks set to acquire Lehman Brothers’ suite of indexes, widely used as a benchmark in the fixed-income market.
Credit default swap (CDS) spreads on financial institutions have continued to widen, despite the bailout of US insurer American International Group (AIG) by the US Federal Reserve Board on Tuesday.
Barclays has acquired Lehman Brothers' US investment banking and capital markets businesses, including its derivatives operations, for $250 million.
Barclays Capital has appointed Chak Wong as head of structuring for the Asia-Pacific region, based in Hong Kong.
Tim Davenport has joined Barclays Capital as head of foreign exchange structuring for the Americas.
For Barclays Capital, a recent £250 million ($495 million) securitisation of part of UK insurer Aegon Scottish Equitable’s life portfolio proves there’s life left in the life insurance securitisation market.
Barclays Capital has launched an investment platform, called Al Safi, which offers investors Sharia-compliant access to hedge funds.
Jon Gregory, London-based global head of credit quantitative analytics at Barclays Capital, is leaving the firm today.
Two of Barclays Capital’s most senior staff, Dixit Joshi and Benoit de Vitry, have been promoted to take on wider responsibilities at the bank.
Paul Idzik, group chief operating officer at Barclays, is leaving the bank.
Barclays Capital has launched a new range of credit derivatives strategy indexes.
Jerry del Missier has been appointed sole president of Barclays Capital, the investment banking arm of Barclays Bank. He remains based in London. The move comes after the resignation of Grant Kvalheim, his New York-based co-president.
Risk Awards 2008
Barclays Capital has unveiled an index intended to be a benchmark for the rapidly growing carbon-trading markets.