Feature
Cloud cover
Grid computing was seen as the answer to resource-intensive risk management tasks, such as derivatives pricing, scenario simulation and stress testing. But some firms are now looking at cloud computing - vast collections of computing and data resources…
Losses and lawsuits
Monolines
Power to the people
ABCP Conduits
On thin ice
Following the near-collapse of Bear Stearns, even trades conducted with interbank dealers can no longer be considered risk-free. With so much of the derivatives market concentrated in the hands of a few dealers, what would happen if a major counterparty…
Endless arbitrage?
Interest Rates
JP Morgan unveils new ETF series
JP Morgan has launched a new series of exchange traded funds (ETFs) comprising four ETFs which provide exposure to the performance of European fixed income bonds. The ETFs track the sub-indexes of JP Morgan’s European Monetary Union Government Bond Index…
ABN Amro rolls out another sharia investment in Middle East
ABN Amro has launched the Islamic Basic Resources and Energy Basket Yield Discovery Certificate for investors in the Middle East, a sharia-compliant product, which is designed to provide exposure to the energy and basic resources sectors.
Deutsche appoints Hinsley for Latin America
Deutsche Bank has appointed David Hinsley to head up its structured products business in Latin America. Hinsley was also named co-head of Latin American capital markets and institutional sales, alongside fellow co-head Marcelo Blanco, who has been named…
Market abuse crackdown
Editor's blog
OFT wins first round of unfair bank charges case
Daily news headlines
UBS launches tradable investment benchmark for freight derivatives
UBS Investment Bank has launched the UBS Blue Sea Index, a tradable benchmark for global investments in the freight derivatives market, constructed using liquid, actively traded dry-bulk Forward Freight Agreements (FFAs). “The UBS Blue Sea Index opens up…
Bürki reappointed chairman of Stoxx
Werner Bürki has been re-elected chairman of the supervisory board of Stoxx. He has been a member of the board since December 2002. Bürki has been a member of the management committee of the SWX Swiss Exchange since July 2002 and chief executive officer…
Commerz launches its first structured product for UK market
Commerzbank Corporates & Markets (CBCM) has launched its first structured product targeted at the UK market. The UK Premia Fund is a Ucits III compliant fund linked to the Commerzbank Rolling Reverse Convertible Strategy index UK (Cobarc UK). The index…
Invesco PowerShares unveils first active equity ETFs
Invesco PowerShares has launched the first three actively managed equity exchnage traded funds (ETFs), as well as an actively managed fixed-income ETF, on the New York Stock Exchange (NYSE) Arca.
Heed the warning signs
Editor's blog
HVB launches express bonus structured fund
HVB has launched a new structured fund with an express bonus feature. The fund, which has an indefinite term, features a kick-out linked to the Eurostoxx 50 index with an investment roll over.
StanChart nabs Lehman talent for new structured products team
Standard Chartered Bank is strengthening its structured products capability with the creation of a new team. As part of the move, Lehman Brothers’ Remy Klammers has been appointed global head of fixed income trading, a new position which will amalgamate…
Yinyang fund for retail investors in France
BNP Paribas has launched a new collective investment fund (fonds commun des placement) for retail investors in France, called YinYang. The capital guaranteed fund has a life of three years and is linked to two thematic share baskets.
Lyxor launches four new ETFs with exposure to Asia and Eastern Europe
Lyxor Asset Management, the Exchange Traded Fund (ETF) arm of Société Générale, has launched four new ETFs offering access to South Korea, Hong Kong, Turkey and Eastern Europe, through shares traded on the London Stock Exchange (LSE).
Teahan assumes role of Fund Manager in Schroder reshuffle
John Teahan has taken over as the Fund Manager for Schroder Income Maximiser and Schroder UK Income Defensive Funds, following the departure of Richard Lloyd who has left to pursue outside activities. The Structured Investments team, based in London, has…
Basel Committee aims to improve banking resilience
Daily news headlines
EC consults on capital requirements changes
Daily news headlines
MSCI offers volatility
MSCI Barra has launched the MSCI Global Minimum Volatility indexes designed to reflect a minimum-variance or managed volatility equity strategy that focuses on absolute return and volatility.