Feature
VAR provides inadequate figures, according to CRO
Value-at-risk provides inherently flawed results, according to Kenneth Winston, the global chief risk officer of Morgan Stanley.
Companies need to lobby regulators to prevent FSA best execution model
Financial firms affected by the Markets in Financial Instruments Directive (Mifid) need to argue hard against the Financial Services Authority (FSA) in the UK’s model for best execution, according to Simon Morris, a partner at CMS Cameron McKenna.
Isda publishes results of operations benchmarking survey
The International Swaps and Derivatives Association has published the results of its 2006 benchmarking survey. The association has been collecting results for this survey annually since 2000 and analyses performance data on operations of privately…
Basel Committee issues principles on home-host information sharing The Basel Committee on Banking Supervision (BCBS) has issued a paper on general principles for information-sharing between home and host supervisors for Basel II.
The two relevant principles are that a bank will be held accountable by its home supervisor (principle two) yet subsidiary banks may have to meet specific needs of its host country.
FSA issues consultation paper on regulatory reporting
The Financial Services Authority (FSA) in the UK has issued consultation paper 06/11, Integrating Regulatory Reporting (IIR), for investment managers, securities and futures firms, operators and trustees of collective investment schemes, venture capital…
Jefferies makes further hire in equity structured products
US based investment bank Jefferies has continued to expand its structured products business with the recruitment of Mark O’Donnell as its New York-based head of equity structured products. O'Donnell will partner with Alex Wohl, who recently joined as…
Dow Jones launches Islamic Market China Offshore Index
Dow Jones Indexes has launched the Dow Jones Islamic Market China Offshore Index. The index represents companies that have been screened for compliance with Islamic principles and whose primary operations are in mainland China but trade at the Hong Kong…
L&G launches protected capital investment plan 3
UK distributor Legal and General (L&G) has launched a new protected capital investment product. Protected Capital Investment Plan 3 pays the greater of a minimum of 22% capital growth or 50% of any FTSE 100 index growth. The product has a term of 6 years…
Morgan Stanley lists two products on Amex
The American Stock Exchange (Amex) has begun trading two structured products issued by Morgan Stanley.
Core and satellite for hedge funds, part II
academic paper
Crossing the boundaries
trading technology
Looking before you leap
analysis: algorithmic trading and it
Wyatt matters to hedge funds if pensions turn to multi-class investing
multi-asset class investing
Feasting on family fortunes
family office investment club
Algorithmic gymnastics - keeping at least one vault ahead of the rest
algorithmic trading
Survival of the fattest? Can smaller hedge fund houses survive pension funds' push?
institutionalisation
Defining security
Regulation
Replicating returns
Asset allocation
Shifting sands
Foreign Exchange
Risk management for investors
Introduction
Splitting the market
Interest rate swaps