Feature
Short but sweet
Although much criticised after 11 September, shorting is gaining in popularity and the FSA is looking into its impact in the UK
New Star provides additional exposure to Japan and Asia
investors get best of both worlds with long/short fund
Market instability pushes indemnity prices higher
INSURANCE FOR FUND MANAGERS HAS CLIMBED UP BY 300% IN SOME CASES
Pondering structural change
Alternative investing systems
Value and growth in a global context
Portfolio risk
Dry market in need of liquidity
Weather-linked notes
Correlation and credit risk
Active development of full credit portfolio modelling continues apace, even though it is not recognised in the proposed Basel II framework.
German focus: Trouble below deck
Despite weathering a number of storms over the past decade, notably reunification and monetary union, the German economy is facing a new threat.
Basel experts agree asset securitisation treatment
LONDON – Global banking experts have agreed proposals for treating the credit risks for banks of asset securitisation under the complex Basel II capital accord.
Market mind games
PETROLEUM
After the swashbucklers
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Brent changes promise stability
PETROLEUM
Green risks for the black stuff
PETROLEUM
A towering success
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Confusion over a barrel
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Small but mighty
Introduction
Job moves
QUOTE OF THE MONTH: - “Regulatory fear is creating a lot of uncertainty, and that fear does impact the financial markets” Jennifer Patterson, energy trading manager at Edison Mission Energy in Australia, arguing at the Australia Risk 2002 conference last…
Online trading moves forward
Online energy trading seems to have a bright future, despite the two biggest players – Dynegy Direct and EnronOnline – leaving the market, finds Catherine Lacoursière
Var too far
The energy industry has shown tremendous commitment to value-at-risk (Var) methodologies. But use of Var has been misguided, as James Ockenden discovers
Keeping an eye on the long-term
Brett Humphreys discusses the problems with standard credit risk limits and proposes limits that may work better
A credit boost for traders
Clearing houses are emerging as a crucial function of energy trading exchanges. John Kennedy explains their importance in terms of a firm’s credit rating