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Asset management

Prepare for the unexpected

Hedge fund managers are regarded as the most sophisticated in the financial services arena. But are they prepared to cope with unexpected shocks to the system?

US pension problems on a par with S&L crisis, says Hancock

The burgeoning deficit in defined benefit pension plans in the United States has reached such proportions that only the US government can bail out the sector, said Peter Hancock, former chief financial officer at JP Morgan and president of financial…

CROs seen as vital for restoring confidence

Chief risk officers (CROs) have a vital role in helping shape the future of thetroubled energy sector and should report directly to their company’s boardif investor confidence is to be rebuilt in the industry. Vincent Kaminski, seniorvice-president of…

Enron will not centralise risk management

Failed energy trader Enron plans to package together the majority of its internationalassets into a company known as InternationalCo, the shares of which will be distributedto its creditors.

Instinctive hedgers

Strict foreign exchange restrictions have made South Africa's institutional and high-net-worth investors avid users of hedge fund products

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