Feature
VAR versus expected shortfall
John Hull discusses the limitations of VAR and the relative advantages of an alternative measure, expected shortfall
Over the wall
Compliance
Who's dropping the carry trade?
Foreign Exchange
The metals bubble
Metals
The road to Basel II
Basel II
Widening the net
Profile
Ageing gracefully
Sponsor Statement
Less is more
Hedge Fund Replication
Secondary thoughts
Secondary market
Building protection
Structured products
Sweet and sour
Crude oil
Size constraints
Commercial real estate
Sizing up skew
Structured products providers' methods for hedging skew are fairly homogeneous. Some banks, however, are searching for ways to refine their approach to hedging by transforming skew risk into an investment palatable to sophisticated investors. By Rachel…
The power law
MasterClass
Under pressure
Interest rate swaps
Data's destiny
Grid Computing
Mid-cap emerges
Equity derivatives
Tressis launches first fund of hedge funds-linked certificate in Spain
Tressis has become the first distributor to launch a funds of hedge funds-linked certificate for the Spanish market. Sonsoles Santa Maria, director of product development for Tressis, announced the news at the at Structured Products Espana conference in…
MiFid will eliminate sales of 'complex' products to retail, says CNMV
Implementation of the Markets in Financial Instruments Directive (MiFid) will eliminate sales of 'complex' structured products to retail investors without advice in Spain. That's according to Maria Jose Gomez Yubero, head of supervision at Spanish…
Meteor lands in UK market
A new company, Meteor Asset Management, has been set up to distribute structured products in the UK. The company is headed by Graham Devile and Phil Saunders both who previously worked at UK structured products provider, Nvesta. Meteor is targeting the…
No need for more hedge fund regulation, US group says
Despite its growth over the last seven years, there is no need to improve regulation of the private investment industry, a US government working group reported yesterday.
Two speeches; two very different views of Basel II in the US
Comparing the views of two US banking supervisors shows just how close the US is to reaching an impasse over Basel II.
Stoxx launches global high dividend index
Stoxx, the European index provider, has launched the Dow Jones Stoxx Global Select Dividend 100 Index, adding to the Dow Jones and Dow Jones Stoxx Select Dividend index series.
JP Morgan hires head of equity derivatives flow marketing
JP Morgan has hired Adrian Valenzuela as a managing director and head of equity derivatives flow marketing, covering hedge funds and asset management clients, for Europe, Middle East and Africa (EMEA).