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Carbon markets defy global downturn

Carbon trading, while slow to take off, is beginning to catch on with hedge funds as a new asset class. Kris Devasabai, US Editor, and Stephen Quigley report

Hedge funds harness volatility in turbulent markets

Trading volatility can help hedge funds to diversify their portfolios and generate alpha in a challenging market. Kris Devasabai and Stephen Quigley report on the strategies employed by volatility traders and its emergence as an asset class

CTAs find a profitable course in risky waters

CTA/managed futures funds have been the top performers in the hedge fund world this year. US Editor Kris Devasabai and reporters Stephen Quigley and Jamie Wynn-Williams analyse the risks facing the funds and investors in a volatile market

Indices offer diversification for portfolios

As an asset class, commodities demonstrate unique characteristics that make them useful for portfolio diversification. Often seen as too risky for investors, the use of an index gives exposure and diversity with a lower risk element. Jamie Wynn-Williams…

Feeling the strain

While Russia seemed relatively shielded from the impact of the financial crisis during the first half of the year, the turbulent events of September and October suggest that is no longer the case. Alastair Marsh reports

High five for distressed investors

There is a celebratory mood amongst distressed debt investors. Having spent several years scratching around for opportunities in a raging bull market, their cup now runneth over. We profile five leading funds in the distressed arena

Collateral damage

The practice of posting collateral against the risk of failed derivatives trades may protect dealers from the worst of the losses arising from Lehman's bankruptcy, says Joseph Pimbley. But what about trades that were not covered by such collateral…

Lawmakers take aim at CDS market

Regulators have been threatening the credit derivatives market with draconian new legislation in a bid to curb practices that supposedly exacerbated the current turmoil. But the lawmakers' belligerent comments are somewhat akin to closing the windows…

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