Leverage
A dynamic model for leveraged funds
Guido Giese derives a model for the performance and Sharpe ratio of leveraged and inverse index funds that follow a dynamic leveraged trading strategy, that is, they are rebalanced on a daily basis to ensure a constant degree of leverage with respect to…
AIFM texts adopted by EU parliament and council
Hedge fund managers based outside the European Union (EU) may have to comply with the alternative investment fund managers (AIFM) directive in order to market products to EU member states, under proposals approved last night (May 17).
Regulation consternation
Firm proposals for regulating South African hedge funds are due by mid-2010. But some managers question the need for more regulation.
Tales of leverage
Opinion
Tales of leverage
Regulators are proposing the introduction of leverage caps on banks. However, Satyajit Das argues leverage achieved through derivatives does not always show up in traditional leverage measurements
US Wrap: S&P 500 still dominates growth products
The S&P 500 continues to dominate growth products, despite the illusion of index diversity. Morgan Stanley launched a three-year leveraged participation note ahead of the weekend which linked to three indexes: the S&P 500, the Nasdaq 100 and the MSCI…
BCBS releases valuation and leverage report
Daily news headlines
Fund farewells to leverage
After the heydays of 2005 and 2006, the structured funds space is showing signs of strain. Liquidity shortages and worries about the future of some hedge funds have taken their toll, leading some banks to withdraw or make big cuts in investment in this…
Rating knock-outs
Constant proportion debt obligations
Bank Risk Manager of the Year - Goldman Sachs
Risk Awards 2008
Risk Into Value
Investment firms have plenty to consider in the race to achieve Basel II and operational risk mandates.
CDO managers target leveraged loans, says S&P
European collateralised debt obligation (CDO) managers are likely to target leveraged loans this year, said the European structured finance ratings unit of Standard & Poor's (S&P) today.