Feature
Hot property
Derivatives
Reinventing the fund
Funds of Hedge Funds
Bulking up
Annuities
Building protection
Structured Products
A successor to VAR?
Strees Testing
Obstacles - Growing pains
Eastern European power markets have experienced rapid growth since liberalisation at the start of this decade, but there are still many obstacles impeding the market's development, finds James Ockenden
Case study - A newcomer's view
Already present in the power markets of Slovakia, Bulgaria and Romania, Italian power utility Enel sees eastern Europe as ripe for physical acquisition and market participation. Enel's Fabio Mezzetti and Tatiana Glouchtchenko talk about the risks and…
Case study - Do-it-yourself power
The Russian aluminium giant RUSAL aims to achieve 50% energy self-sufficient by 2013. It is partnering with governments and large players on hydro-projects in eastern Europe and central Asia and wants to move forward as both an energy and a metals…
US emissions - State of play
Point Carbon's Veronique Bugnion takes a look at the scope and timeline for the carbon emission cap-and-trade programmes on the drawing board in the US
Kick-start for coal futures
Ice Futures and the European Energy Exchange have gone head-to-head in the latest attempt to kick-start coal derivatives trading. Oliver Holtaway investigates
European gas - Battle of the brokers
Boutique environmental brokers walked the European market through the early days of emissions trading, but as traditional money and energy brokers move into this increasingly commoditised market, how will the early educators continue to compete? asks…
Vultures in Congo
Energy companies have long accepted a degree of country risk when investing in developing nations. But oil and gas companies now face a new threat to their international investments - and its origins lie closer to home. Andrew Derman, Andrew Melsheimer…
Bright forecast for weather derivatives
To attract more corporate end-users, purveyors of weather derivatives are creating new products in search of the perfect hedge, as Catherine Lacoursiere finds
Auctioning - Carbon under the hammer
As the EU emissions trading scheme gears up for its second phase, countries are deciding how much of their allocations will be auctioned. Oliver Holtaway reports
Carbon funds - Here come the funds
While government-run procurement funds were the first to establish themselves in the carbon market, more and more private sector funds are now bringing investment capital into the sector. Oliver Holtaway reports
Interview - Czech power
The best performing European utility stock, with growth of 260% in the last 24 months, Czech Republic power company CEZ aims to be market leader in the power markets of central and south-eastern Europe. Alan Svoboda, executive director for sales and…
L Sankar, Jure Skarabot
Citigroup credit derivatives specialists explain why the Gaussian copula model, despite its flaws, is still the market standard for analysing correlation
Convertibles are back in fashion ... but how can they avoid the pitfalls of the past?
Convertible bonds are back on investors' radars after an overvalued market imploded early last year. But how sustainable is the recovery - and how can it avoid repeating the pattern of the last bloodbath? Jean-Paul Carbonnier investigates
Thomas Huertas
The director of the wholesale firms division and banking sector leader at the Financial Services Authority in London outlines the progress made in resolving the operational problems in credit derivatives processing. Interview by Nikki Marmery
Leveraged loan CDS
Looking beyond the hype
Overcoming the barriers to a CDS futures market
The long-awaited CDS futures contract from Eurex has suffered repeated setbacks. Initially planned for launch last year, it is yet to make an appearance. Sell-side inertia, documentation disputes and a booming OTC market are some of the obstacles it…