Feature
Rothwell departs Barcap for JP Morgan
Giles Rothwell will join JP Morgan as global head of Structured Investments Distributor Marketing in November, leaving a similar position at Barclays Capital, where he has spent the last 11 years. At JP Morgan, Rothwell will head up a business previously…
S&P launches US commercial real estate indexes
S&P and real estate research and investment management group GRA have launched 10 S&P/GRA commercial real estate indexes (SPCREX), which measure the changes in commercial real estate prices by property sector and geographic region in the US.
SGI launches three new indexes
Société Générale Index (SGI) has launched the SGI Wise family of indexes, based on the proprietary Wise Model that aims to outperform European equity markets.
Société Générale and Calyon finalise brokerage merger
Société Générale and Calyon reached an agreement to merge the brokerage units of their respective subsidiaries, Fimat and Calyon Financial. The banks say they expect the new entity, Newedge, to be launched in early 2008, subject to the approval of…
Dow Jones launches recovered paper indexes
Dow Jones Indexes has launched seven DJ Recovered Papers Indexes, one for each US region that participates in physical transactions of OCC #11 grade corrugated paper.
Arc developing new Bull & Bear Plan
UK-based distributor Arc Capital and Income is currently developing a third version of the Bull & Bear product range.
S&P launches investable index for frontier equity markets
S&P has launched the S&P/IFCG Extended Frontier 150 Index, a fully investable index for frontier equity markets.
Credit Suisse adds Assoun
Yan Assoun is joining Credit Suisse as a managing director and head of European Equity Derivatives trading, reporting to Simon Yates, head of global equity derivatives and co-head of European Equities. Assoun will join the bank on November 5 and will be…
ETF trading surges on LSE
Exchange-traded funds (ETFs) trading value on the London Stock Exchange (LSE) increased by 175% to £3.3 billion on July last year.
Deutsche Börse launches two new indexes
Deutsche Börse has launched two Daxglobal indexes, the Agribusiness Index and Nuclear Energy Index.
SGAM AI’s new Ucits fund replicates hedge funds
SGAM Alternative Investments (SGAM AI) has launched a Ucits-III compliant mutual fund using the concept of the T-Rex (Total Return Exposure) strategy, which replicates synthetically the performance of the Hedge Funds Research (HFR) Index. This is…
IFAs shy away from hedge fund and commodity underlyings
More than half of independent financial advisors (IFAs) recommend structured products linked to property markets but only a minority consider products tied to hedge funds or commodities, according to research from Barclays Wealth.
Keydata re-enters market with two new products
UK-based distributor Keydata Investment Services has launched both the Dynamic Growth Plan (DGP) and the Extra Income Plan (EIP).
Vanguard launches ETF tracking MSCI EAFE Index
Vanguard has launched the Europe Pacific ETF, which tracks the performance of the MSCI EAFE Index (Europe, Australasia, Far East).
UBS Launches Algorithmic Strategy System for Commodities
UBS has launched an algorithmic strategy system dubbed UBS Commodities Portfolio Algorithmic Strategy System (Comm-PASS), an index which exploits momentum in the commodity markets to generate returns through automated long and short strategies.
Merrill Lynch launches new Energy Efficiency Index
US investment bank Merrill Lynch has launched the Energy Efficiency Index, which identifies industry sectors which should benefit from the drive to improve global energy efficiency.
BGI launches property ETF
Barclays Global Investors (BGI) has launched the iShares S&P World ex-US Property Index Fund ETF on the New York Stock Exchange.
ETF Securities launches six new oil ETCs
ETF Securities (ETFS) has launched six new oil Exchange Traded Commodities (ETCs) on the London Stock Exchange (LSE), offering direct exposure to one, two and three-year oil futures prices in Brent and WTI oil benchmarks.
Diederich leaves Credit Suisse for hedge fund
Stephane Diederich will join hedge fund manager Brevan Howard on September 19, after 13 years at Credit Suisse, which he leaves as managing director, head of equity derivatives product management. Diedrich joins Brevan Howard as a partner tasked with…
BarCap offers structured deposit account
Barclays Capital has launched a structured deposit account, offering investors exposure to global equities, global hedge funds, European property and global commodities. The product offers 100% capital guarantee with a minimum return and uncapped…
NYSE Regulation names two new heads
Robert Marchman will take over the enforcement division at NYSE Regulation, the organisation responsible for the NYSE group of stock exchanges, and John Malitzis will lead its market surveillance group.
Subprime not so bad after all
The much-discussed subprime crisis in the US has been absurdly over-hyped, according to one market commentator.
Australia publishes Basel II market risk approaches
The Australian Prudential Regulation Authority (APRA) has decided on its approach to the treatment of market risk under Basel II.
BIS publishes paper on China’s capital controls
The Bank for International Settlements’(BIS) paper argues that China’s capital controls remain substantially binding.