Feature
Vanguard launches ETF tracking MSCI EAFE Index
Vanguard has launched the Europe Pacific ETF, which tracks the performance of the MSCI EAFE Index (Europe, Australasia, Far East).
UBS Launches Algorithmic Strategy System for Commodities
UBS has launched an algorithmic strategy system dubbed UBS Commodities Portfolio Algorithmic Strategy System (Comm-PASS), an index which exploits momentum in the commodity markets to generate returns through automated long and short strategies.
Merrill Lynch launches new Energy Efficiency Index
US investment bank Merrill Lynch has launched the Energy Efficiency Index, which identifies industry sectors which should benefit from the drive to improve global energy efficiency.
BGI launches property ETF
Barclays Global Investors (BGI) has launched the iShares S&P World ex-US Property Index Fund ETF on the New York Stock Exchange.
ETF Securities launches six new oil ETCs
ETF Securities (ETFS) has launched six new oil Exchange Traded Commodities (ETCs) on the London Stock Exchange (LSE), offering direct exposure to one, two and three-year oil futures prices in Brent and WTI oil benchmarks.
Diederich leaves Credit Suisse for hedge fund
Stephane Diederich will join hedge fund manager Brevan Howard on September 19, after 13 years at Credit Suisse, which he leaves as managing director, head of equity derivatives product management. Diedrich joins Brevan Howard as a partner tasked with…
BarCap offers structured deposit account
Barclays Capital has launched a structured deposit account, offering investors exposure to global equities, global hedge funds, European property and global commodities. The product offers 100% capital guarantee with a minimum return and uncapped…
NYSE Regulation names two new heads
Robert Marchman will take over the enforcement division at NYSE Regulation, the organisation responsible for the NYSE group of stock exchanges, and John Malitzis will lead its market surveillance group.
Subprime not so bad after all
The much-discussed subprime crisis in the US has been absurdly over-hyped, according to one market commentator.
Australia publishes Basel II market risk approaches
The Australian Prudential Regulation Authority (APRA) has decided on its approach to the treatment of market risk under Basel II.
BIS publishes paper on China’s capital controls
The Bank for International Settlements’(BIS) paper argues that China’s capital controls remain substantially binding.
Eagle-eyed regulators make compliance and control allocators' key in loan market
loans/distressed debt
Best of breed
Hedge Funds Review honoured Europe's most successful single hedge funds managers and hedge fund groups in July, in London, at its annual single-manager European Performance Awards. The envelope please, and the winners were…
The best possible outcome...
Whether trading on exchanges or outside their boundaries, managers will find themselves compelled by the Markets in Financial Instruments Directive to ensure they are measuring, achieving and monitoring 'best execution.' But London lawyers counsel…
Basel bonanza a boon for cold hard cash
While hedge funds may be used to holdings in cash management funds for investor redemptions, Basel II has given banks a greater incentive, to allow their use as collateral as well, Solomon Teague reports
The new foundation for hedge funds
Foundations and endowments are keen on hedge funds, but you've got to know what they want, write Jamie Wynn-Williams and Phyllis Feinberg...
Demystifying the practice of synthetic CDO valuation
Nosheen Khan, vice president, structured credit valuations at Markit, examines the base correlation mapping methods for implying bespoke collateralised debt obligation (CDO) correlations from standard index tranche correlations
Why the implied correlation of dispersion has to be higher than the correlation swap strike
It may be accepted wisdom and proven fact, that the implied correlation that results from a dispersion trade does not equal the price of a correlation swap in the market, but AXA Investment Managers Saad Slaoui and Jerome Vierling examine the theory…
Divide and rule?
MSS Capital's head of structuring in EMEA, Caelim Parkes examines the benefits and drawbacks of managed accounts, in answering why at least a portion of one's hedge fund assets should be managed in segregated accounts
Unbiased reporting
Edhec's Walter Gehin assesses the importance of database quality and impact on various biases, on hedge fund returns
London raises the bar...
As the London Stock Exchange says it will launch the Specialist Fund Market for hedge and other specialist funds, David Walker examines listing options
Getting strongly bullish about the prospects and future opportunities in the land of the bear
russia equity long/short
Dewey Ballantine adds Koster from UBS
Law firm Dewey Ballantine has hired Evan Koster as a partner in its New York office. Koster is responsible for structured products and related securities and commodities laws issues, including equity, fixed income, credit and commodity linked-notes.
HSBC hires Miller from Natixis
New York-based Eric Miller has joined HSBC Global markets as a managing director, responsible for distributing and marketing structured products to third parties. Miller reports to Todd Fruhbeis, HSBC’s head of wealth management and structured products…