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Burnt by contango

Investors have poured tens of billions of dollars into commodity index products, but some claim the flood of capital has caused structural changes in commodity markets. And as spot prices fall, it could lead to an exodus of cash from these investments…

Convergence on credit

Spurred on by Solvency II, insurance companies are refining their approach to managing credit risk. As a result, some insurers' credit risk management methods are beginning to converge with those favoured by banks. By Rachel Wolcott

To hedge or not to hedge

While new derivatives-accounting standard IAS 39 should not in itself drive business decisions, reviewing risk-management practices as a result of the new rules may be no bad thing for corporates, says Duncan Mansfield

Nomura's equity derivatives head departs

Joachim Willnow, head of equity derivatives at Nomura in London, has left the bank. He has been replaced by Mike Fullalove and Marco Mocquard, who have been promoted to co-heads of the equity derivatives business for the Japanese bank. Fullalove would…

Lyxor offers absolute Korea guaranteed fund

Lyxor Asset Management, a subsidiary of French bank SG, has launched a 100% three-year capital guaranteed fund linked to the absolute performance of KOSPI 200 index in Hong Kong. The KOSPI 200 Index is a capitalisation weighted index of 200 Korean stocks…

JP Morgan launches retail petrol index in Germany

JP Morgan has launched an index that monitors the changes in the retail pump price of petrol in Germany. The JP Morgan SuperBleifrei Flat Tax Index is a tradable index, and is intended for use in structured investment products to enable investors to…

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