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A growing gap

More and more dealers are entering the hedge fund derivatives market, and ever more complex structures are being launched. But while the fund-linked derivatives market has grown strongly, there is little consensus on the best way to manage the risks…

RBS hires in structured credit for Nordics

The Royal Bank of Scotland (RBS) has hired Soren Hyldgaard as head of debt markets financial institutions sales for the Nordic region. Soren will report to Al Sinsheimer, head of debt markets financial institutions sales.

S&P launches GCC Sharia Index

Standard & Poor’s (S&P) has launched a fully investable GCC Sharia Index. The S&P GCC Sharia Series captures the largest and most liquid stocks across the GCC. S&P says it will pave the way for the creation of mutual funds, ETFs and structured products…

UBS launches Global Warming Index

UBS Investment Bank has launched the UBS Global Warming Index (UBS-GWI). The UBS-GWI is a tradable benchmark for global investments in the weather derivatives market. It is constructed using liquid, actively traded Heating Degree Day (HDD) and Cooling…

FSA fines Sesame for complaints handling failures

The UK’s Financial Services Authority (FSA) has fined Oxford-based IFA network Sesame £330,000 for failing to treat its customers fairly by not handling complaints concerning Structured Capital At Risk Products (SCARPs) adequately.

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