Feature
Scor spreads widen 350bp after firm reveals €38m credit derivatives losses
The cost of senior debt protection on Scor ballooned to 850/1,000 basis points over Libor today, after the French reinsurer revealed, yesterday that it would make a net loss of €250 million this year, following major losses in credit derivatives and…
How to gain from risk premia
NATURAL GAS
EU Cad 3 paper delayed to mid-November
BRUSSELS – The European Commission hopes to issue an update on progress with its complex third bank capital adequacy directive (Cad 3) in mid-November, a delay to its original plan to publish a paper in late October, a commission spokesman said today.
Metrics - Economic capital: towards an integrated risk framework
Performance and bonuses are increasingly being assessed on profits after a charge for economic capital allocations. This has increased line managers’ interest in economic capital. As a result, risk managers must ensure that economic capital allocations…
UK operational risk policy backs enterprise-wide risk management
With comments on the UK regulators' operational risk paper due by October 31, IBM's Pierre Pourquery says the proposals go above and beyond Basel II.
QIS 3 suggests Basel II op risk charges and insurance role
BASEL - The third Basel II quantitative impact study, or QIS 3, brings bankers up to date with the latest thinking of global banking regulators on the treatment of operational risk under the complex Basel II bank protective capital accord.
Hedge funds take root in retail sector
Despite the regulations enforced on hedge funds by the FSA, some of the biggest groups are based in the capital. With an increasing number of funds being launched, advisers have even more opportunities to widen their clientele
Read the small print
With prime brokers becoming an increasingly powerful force in the market, how closely should hedge fund managers examine the underlying agreements with their chosen provider?
Pensions to increase alternatives allocation
A survey of pension funds offered by Axa, IBM UK, TRW, London Pension Fund Authority and Lloyd's of London, reveals an increasing interest in hedge funds
3A seeks higher returns by favouring immature funds
funds under three years' old achieve higher returns, says 3A
Washington fund operation profits from being spun out
restructuring of Washington Financial group successful
There may be trouble ahead
The Harmonic Grid is forecasting an unsettled outlook for the global economy
Guaranteed launches set to increase in coming months
demand for hedge fund is slowing, says morningstar
Long/short funds lose previous gains
Debt managers are still providing strong returns
1,000 hedge funds set to close in the near future
short-term outlook is bleak for hedge funds, says manager