Asset management
The academic insights behind fears of a buy-side crunch
Risk of fire sales by highly levered funds is chief worry among influencers of regulatory thinking
Banks fear huge losses on bond repacks in Japan
Dealers and investors face multi-million-dollar hits if rates continue to slide
Hedge fund AQR hires Isaac Chang as co-head of global trading
Chang was formerly global head of FICC at KCG
A Brexit stress test for the buy side
Markets are betting 2–1 the UK will remain in the EU but securities will tumble if they're wrong
Ex-Citi oil options head enjoys the hedge fund life
GZC’s Elbhar rode oil spread trade to 40% annual return in 2015
Banks pitch auto-resetting CSAs to cut leverage ratio and XVAs
Regular settlement of margin would reduce swaps' residual maturity
Alternative assets under administration fall – survey
But growth strong in private equity and real estate
Lower UFR would be dangerously pro-cyclical – Bafin
Solvency II rate cut would crowd insurers into long-dated assets, says insurance chief
PRA frets about Solvency II internal model ‘drift’
Bank-style leverage ratio for insurers one option being discussed
IAIS under pressure to learn from FSOC mistakes
G-Siis see MetLife opinion as strengthening their case against aspects of international regulation
Investors overlooking smart beta tracking errors, say experts
Few funds have tracking-error constraints, says risk institute
Asset manager stress tests tough to implement – SEC official
Advanced risk measures such as CoVar may be too complex for some funds
BlackRock’s Novick calls for tiered ETF regulation
Vanilla and exotic products should be treated differently, BlackRock co-founder argues
MetLife judgement demands more than a change of process
Court decision to overturn Sifi status reopens debate on vulnerability of insurers
SEC’s fund leverage cap needs revising but the idea is sound
Simplicity is welcome – up to a point
Banks pushing Eurex to allow hedge funds into cleared repo
Prime brokers proposing to guarantee the performance of clients’ trades
Buy side turning to stress tests to manage liquidity
Asset managers look beyond quantitative metrics for hard-to-model risk
Insurance Sifi rules squeeze the balloon on US annuities
Non-bank Sifis continue to sell assets, despite MetLife's court win
Bangladesh Bank fraud is a comedy of op risk errors
Megan van Ooyen from SAS rounds up the top five operational risk losses for March 2016
Insurance regulators blamed for Priips delay
Dealers welcome late changes to product risk rating parameters
Totally skewed: US annuity hedges magnify S&P volatility
Dealer hedging of popular retirement products affecting index greeks, say traders
Managed futures funds outshine macro peers
Quant funds doing a better job interpreting drivers of rates and currency markets
Three ways to model liquidity risk
Deriving synthetic bid/ask spreads offers a new approach to a thorny problem