Feature
BIS releases working paper on credit risk
The Bank for International Settlements has published a paper entitled Modeling and calibration errors in measures of portfolio credit risk.
FSA publishes feedback on review of investment fund listings
The Financial Services Authority (FSA), the UK’s financial services regulator, has published a combined consultation and feedback paper on the Investment Entities Listing Review.
Singapore central bank deputy chair notes progress in Asia’s corporate governance
Tharman Shanmugaratnam, deputy chairman of the Monetary Authority of Singapore, said corporate governance has improved substantially in Asia since the 1997 financial crisis.
OTS presents five-year plan
The Office of Thrift Supervision (OTS), the primary regulator of federal savings associations in the US, has released its 2007–2012 strategic plan.
Swiss central bank chair rejects regulation of hedge funds
Jean-Pierre Roth, chairman of the Swiss National Bank, has said hedge funds do not threaten financial stability and that direct regulation would be difficult to justify.
FSA wants principles-based insurance regulation
The Financial Services Authority (FSA), which regulates the UK’s financial industry, has published a consultation paper that details radical reforms for the insurance industry.
When speed is of the essence: working the short sell in Asia
Speed is critical when going short in Asia's emerging markets, says Lionhart's Jason Kennard. Success means knowing the market and your customers, and having 24-hour access to a trading platform that can adequately back up your strategies, he adds
The responsive alternative...
Barclays Capital's Michael Brian explains hedge funds' nimbleness does put pressure on prime brokers to respond in kind but, as is the case with all rapidly changing industries, the cream does still rise to the top
There's more than one way to skin a cat
The ability to invest long and short is central to efficient risk mitigation in today's capital markets, so the theory goes, but your IT systems need to be able to keep up
Vive la difference, says Credit Suisse
In an increasingly complex marketplace of prime broking houses, it's the small differences between brokers that are likely to make or break the client relationship, says Credit Suisse managing director Philip Vasan
So much more than just Scandinavian hedge fund coverage...
Stability, reliability and commitment, plus the ability to operate under local jurisdictions, are key to selecting prime brokers, says the head of prime brokerage at SEB, Jonas Lindgren
Power through sharp focus
When choosing a prime broker, clients should conduct a thorough review of firms' core competencies to assess suitability, says Lehman's prime broking team
Of talent and track records...
David Walker chats with Deutsche Bank's Barry Bausano and Jonathan Hitchon about the central prime broking issues and challenges and the latest services at brokers' disposal
The new foundation for hedge funds
Hedge funds going digital was one thing, but boy, do they generate some data? More than you can put on a floppy disk, anyway, as Bob Guilbert from Eze Castle explains
Synthetic considerations...
tete à tete: shorting
This lunch packs an educational punch!
One lunch, four managers, many products. Solomon Teague observes the very different market predictions of a convertible bond researcher, property fund developer, an asset manager and investment committee chairman.
Model mismatch
While mark-to-market may be the prefered route to pricing, sometimes it just isn't possible. The Bank of New York's Tim Murphy and Markit's Richard Earl look long and hard at models as they apply to the pricing for OTC instruments
Chicago's exchange merger mania
exchanges
Hedge funds fall for that Gallic charm
While institutional investors in France may be turning their attention to non-correlated returns, they know what they like (and don't like), and it pays for managers to find out first, as David Walker explains
Chicago: more than just a windy city?
When it comes to managing hedge funds Chicago, with its wealth of exchanges and universities, is like nowhere else, say the city's major service providers. Phyllis Feinberg gets the lowdown on the centre's service providers' offerings
With merger mania, can short ever be sweet?
UK equity hedge fund managers believe private equity bid deal analysis holds the answer to working a short book in the current markets, says Solomon Teague
Being nimble and fleet of foot...
Scotia Capital's Jim Buckley says an international profile and the ability to source and risk‑assess new market instruments are critical to good client relationships. He adds that being jack of all trades but master of none is little good for a prime…
Fund derivatives and financing
IGS Group's Michael Romanek observes a certain amount of give and take in negotiating the right fund financing
US and UK firms become allies in the fight for futures
Chicago, home to the futures exchanges, is an obvious draw for fund managers, but the partnership strategies of local players are further opening up the market, suggests Astor's Robert Stein. By Phyllis Feinberg