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Burnt by contango

Investors have poured tens of billions of dollars into commodity index products, but some claim the flood of capital has caused structural changes in commodity markets. And as spot prices fall, it could lead to an exodus of cash from these investments…

Convergence on credit

Spurred on by Solvency II, insurance companies are refining their approach to managing credit risk. As a result, some insurers' credit risk management methods are beginning to converge with those favoured by banks. By Rachel Wolcott

To hedge or not to hedge

While new derivatives-accounting standard IAS 39 should not in itself drive business decisions, reviewing risk-management practices as a result of the new rules may be no bad thing for corporates, says Duncan Mansfield

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