Feature
The benefits of Enron
Many corporations are keeping a low profile when it comes to their derivatives use. But when the Enron-related witch-hunts are over, companies may find that insurers and shareholders now view corporate hedging as a fiduciary duty
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Comment
Chief executives back formation of Committee of CROs
The newly formed Committee of CROs (chief risk officers) - aimed to create best practice in risk management for the U energy industry - has received strong backing from energy company chief executives.
Nymex sets margins for OTC clearing
The New York Mercantile Exchange (Nymex) has set margins for the 25 over–the-counter derivatives contracts it will be clearing from May 31.
JP Morgan Chase denies speculation on energy trading exit
David Puth, JP Morgan Chase’s global head of forex, whose remit includes managing the firm’s energy business, has denied the bank was planning to exit the energy business in Europe, or elsewhere, despite losing a raft of key energy traders in the past…
Dexia rolls out SunGard’s BancWare to new offices
Belgium’s Dexia Bank is to extend its use of SunGard's BancWare for interest rate risk management to 14 offices in Belgium, Luxembourg, the Netherlands, Ireland and the US.
SunGard cites slow portal take-up as it closes multi-bank FX
Another chapter charting the rise and fall of multi-bank trading platforms was completed last week, with the closure of technology firm SunGard’s multi-bank foreign exchange portal.
Global macro funds suffer in unpredictable markets
Uncertainty over global economic recovery and its feed through to companies has created divided opinion on the global macro sector
Structured vehicle link to fund of funds to widen client base
CDOs have been restructured for the fund of hedge fund market
New trading platform to open up market, says fund manager
TRADING PLATFORM | Move means Hedge funds benefit from extra liquidity
In the line of Duty
Will the UK Government turn to CFDs to build up its tax reserves?
Pioneer Global pays $110m for Momentum's services
EXPANSION | momentum will help pioneer to broaden product range
Operation information
Although the industry has undertaken work to improve the transparency of hedge porfolios, fund managers' opinions differ over just how transparent funds should be
A new fixed income hedge fund brought into play by Julius Baer
launch | the fund aims for absolute return of libor + 9%