Feature
Job moves
QUOTE OF THE MONTH: - “Few regulators really understand derivatives... That’s not their fault, many of us don’t either” A London forex trader commenting on AIB’s $750 million loss. Source: The Mirror, February 7
Isda publishes second new master agreement draft
The International Swaps and Derivatives Association (Isda) has published a second draft of its proposed new master agreement. This is in response to feedback and suggestions from industry participants to a first draft sent out at the end of November.
JP Morgan Chase made to sweat on $1 billion of Enron surety notes
JP Morgan Chase failed to win immediate payment of $965 million from the 11 insurers it is suing for outstanding surety bonds.
AIB currency losses bring forex training into spotlight
Many banks are putting more emphasis on training foreign exchange dealers to minimise risk following Allied Irish Banks' loss of $691 million, stemming from an alleged currency fraud at subsidiary Allfirst in Baltimore.
The cup runneth over?
Asset flows into hedge funds are ever increasing and look set to continue for 2002. But as more hedge funds crowd the market, can the industry maintain the absolute returns expected of it, or will investors face disappointment?
Following the trends
John McGillian tells Jeff Benjamin about the best opportunities for hedge fund incubators ' in CTAs and macro hedge funds