Asset management
Market liquidity has been drained by regulations, says DBS chief
Volcker, Basel III and Dodd-Frank have combined to reduce liquidity
UK pension reform a boost for risk-focused funds
Absolute return strategies face competition from safety-first alternatives
Citadel shut out of Tradeweb as it makes US Treasury move
Firm is first non-bank on Bloomberg, but primary dealer catch means it cannot join Tradeweb
Banks hope for Mifid reprieve on fixed-income research
Intervention by France, Germany, UK could bring about “more considerate treatment”
Re-risking the balance sheet, allocations to illiquids grow
Sponsored feature: BNY Mellon
Tighter spreads prompt insurers to rethink liquidity premium
Firms struggling to know whether returns justify buying illiquid assets
Interdealer brokers need to change, say critics
“I’m just a good guy and I buy you a beer” is no longer enough
Solvency II changes among ‘first actions’ in EU markets plan
Leaked document suggests intention to act quickly on infrastructure and ABS
Lighthouse: Korean pension plan sets Asian hedge fund trend
Japanese government pension will invest in hedge funds in three years, predicts FoHF
Investors wrong-headed on solvency ratios – Bernardino
Markets must adapt to naturally volatile metrics, says Eiopa chairman
Proportion of smaller hedge funds in industry drops off
Data also shows decreased tendency for funds worth less than $250m to outperform
Avoiding fraudsters key to Neuberger Berman's China fund
Not uncommon to find companies fabricating accounting statements in China
Liquidity events becoming more common, buy-siders claim
US Treasury market has seen eight intraday moves exceeding five standard deviations since 2012
Asian insurers recoil from structured products
Institutional and regulatory barriers blamed for poor take-up of derivatives by life companies
SEC’s Piwowar doubts CCPs should clear some instruments
Concern that historical price series volatility will not reflect jump-to-default risk
Campbell profits from central bank divergence
Trend Following Portfolio picks up two Americas Awards
Zimmer bucks trend in decade of low hedge fund returns
Utility hedge fund makes double-digit returns without oil price predictions
Dutch slide shows peril of lower solvency ratios
Insurers see stock prices dip after restating expectations
Volatility mispricing ripe source of profits, says Malachite
Hedge fund thinks ETFs, Solvency II and capital ratios distort volatility markets
Riskology: hedge funds and banks can learn from each other
Banks should have more risk transparency, hedge funds more formal risk management
EU risk ratings for structured products divide issuers
Consultation responses expose fault lines between banks and insurers
How insurers can prepare for EU anti-money laundering directive
Hill Dickinson lawyer outlines his view
Clearing brokers send balance sheet allocations to Basel
Data from several clearers submitted to illustrate impact on bank leverage ratios
Beach Horizon soars on pattern-spotting machine
Computer replicates techniques of veteran pattern-spotter David Beach