Feature
Ready for a bumpy ride
Special Report: India
Unfit for consumption
Special Report: Commodity Futures
On the backburner
Special Report: Credit derivatives
Corporates burned
Cover story
An auspicious debut
Risk Korea conference
The blame game
Accounting
Points of principle
Liquidity risk
Restructuring reservations
Restructuring
A trick too far
Monolines
Back in fashion
Operational risk
The rates escape
A sudden inversion of the euro interest rate curve in June caught dealers and investors by surprise, causing losses for those that had put on curve steepener trades. Dealers rushed to hedge their short gamma positions, forcing the curve to invert further…
Luc Francois joins Morgan Stanley as global head of equity derivatives and head of European equities
Luc Francois, formerly head of global equities and derivatives solutions at Société Générale Corporate and Investment Banking (SG CIB), and infamously the boss of rogue trader Jerome Kerviel, will start at Morgan Stanley in London on September 8 as head…
MSCI Barra produces global currency indexes
MSCI Barra has launched global currency indexes that can be licensed for portfolio management and benchmarking purposes, as well as to serve as the basis of structured products and other index-linked investment vehicles such as ETFs.
Arc launches latest Stepped Kick Out offering 11% return
Arc Capital & Income has launched the sixth issue of its Stepped Kick Out plan, linked to the FTSE 100 index. The six-year, three-week plan offers 11% at the end of the first year and matures if the index is at or above its opening level on the first…
Barclays Wealth enhances defined return plans
Barclays Wealth has bumped up the rates on its latest range of defined returns plan (DRP) investments, offering 24% in the three-year option (up from 20%), 36% in the four-year (from 30%), and 48% from the five-year (from 40%). The new products are…
DDQ unveils Global Water Portfolio
Dawnay Day Quantum (DDQ) has launched its six-year Global Water Portfolio, offering 100% uncapped participation in the S&P Global Water index. The index invests in 47 companies involved in water related businesses and tracks two types of water companies,…
Lyxor AM launches first ETF on Gulf region
Lyxor Asset Management, the exchange-traded fund (ETF) arm of Société Générale, has launched the first ETF focusing on Kuwait in collaboration with Coast Investment and Development Company, on the London Stock Exchange.
Db x-trackers launches first regional sharia-compliant ETFs on the LSE
Db x-trackers, the exchange-traded fund (ETF) arm of Deutsche Bank, has listed the first regional sharia-compliant ETFs on the London Stock Exchange (LSE). The new db x-trackers include the S&P 500 sharia ETF, the S&P Europe 350 sharia ETF and the S&P…
Société Générale offers credit exposure
Société Générale has launched a new product offering exposure to the credit default swaps of speculative-grade companies. The investment is linked to the number of defaults in the iTraxx five-year Crossover Index.
Lehman Brothers launches second issue of Kick Out Performance Plan
Lehman Brothers has launched the second issue of its five-year Kick Out Performance Plan, with two options linked to the FTSE 100 index. One option offers an annual kick-out providing 14% and the other option offers a six-month kick-out, potentially…
Dow Jones Brazil Titans 20 ADR Index licensed to underlie ETFs
Dow Jones Indexes has licensed its Brazil Titans 20 ADR Index for the first time as an underlying for an exchange-traded fund (ETF) in South Korea. The index measures the American Depository Receipt (ADR) prices of the 20 largest, most liquid Brazilian…
Nasdaq launches Ireland index
Index provider Nasdaq OMX has launched the Nasdaq OMX Ireland Index, a modified market-capitalisation weighted index which provides exposure to the largest and most liquid Irish companies that are listed on an eligible global exchange. The index has been…
Barcap’s Siddiqi assumes FX product distribution responsibility
Barclays Capital in Singapore has promoted Lutfey Siddiqi, managing director and Asia Pacific head of corporate FX and risk advisory, who has now assumed management responsibility for the distribution of the full suite of flow and structured FX products…