Foreign exchange
Nymex to join ConfirmHub
Nymex Holdings has executed a letter of intent to join other market players in support of the ConfirmHub standard, which allows energy traders and back offices to receive their Nymex brokered and bilateral over-the-counter cleared trades, as well as…
BarCap chooses Amex for new iPath listing
Barclays Capital (BarCap) has chosen to list its new iPath exchange traded note (ETN) on the American Stock Exchange (Amex). The note is linked to the Chicago Board Options Exchange (CBOE) S&P 500 BuyWrite Index and the Amex specialist unit is…
Deutsche Bank’s new index replicates hedge fund beta
Deutsche Bank has become the latest investment bank to launch an index that tracks hedge fund beta. The db Absolute Return âeta Index (dbARâ) does not invest in any hedge funds or fund of funds, but replicates the performance of fund of hedge funds…
Fed board member calls for flexibility
Regulators must keep up with intermediaries: Fed board governor
CFTC approves CME exchange-traded contract
The US Commodity Futures Trading Commission (CFTC) has approved the first exchange-traded credit derivatives index contract, developed by the Chicago Mercantile Exchange.
Rabobank to list equity-linked certificates on SGX
Rabobank is to list equity-linked certificates on Singapore stock exchange, SGX. RaboJet Certs are linked to a basket of four major blue chip companies listed in Singapore. Series 1 of the RaboJet Certs has a maximum return of 20% and requires a minimum…
Canada’s Arrow Hedge offer fund of hedge funds-linked PPN
Canadian investment manager Arrow Hedge has launched an eight-year principal protected note that provides exposure to the Arrow Multi-Strategy Fund, a hedge fund-of-funds in Canada. The Bank of Nova Scotia Arrow Multi-Strategy(TM) Fund Deposit Notes,…
Vendors band together to build Mifid tools
40% of Directive requirements without software solution
SunGard brings out new asset-management product
SunGard launches product to cater to globalising asset management firms and their providers
EDF Trading builds its natural gas business in Spain
EDF Trading, the subsidiary of French utility EDF, responsible for wholesale energy market activity, has been granted a licence to trade physical natural gas in Spain and plans to start delivery of physical gas to market counterparties later this year.
ETG Capital opens energy hedge fund
Houston-based hedge fund firm ETG Capital Management has launched an energy fund.
US “undermining” Basel II process
IIF vice-president concerned at “damaging” American approach
US Agencies issue consumer information for non-traditional mortgages
Illustrations designed to clear up confusions
South Korean minister warns on economy
Korean honcho sees possible pitfalls in exchange rate, housing market
Statoil selects Financial Objects’ energy credit risk solution
Norwegian oil & gas company Statoil is to implement Financial Objects’ energycredit solution worldwide. The solution will enable Statoil to manage credit risk across all of its energy trading operations. Installation began in April, and is expected to go…
More cooperation likely in oil industry
The long term challenge to access and develop new oil reserves is likely to foster greater cooperation between the international majors and some national oil companies, says a report on the sector by Moody's Investors Service, a credit ratings agency.
Financial services dominate CDS market, says GFI market update
Financial services were the busiest sectors of the credit default swap market in May in both the US and Asia, according to a report from US interdealer broker GFI.
S&P launches Sharia BRIC Index
Standard & Poor’s (S&P) has launched the S&P BRIC Shariah Index to capture the largest and most liquid stocks in Brazil, Russia, India and China that meet criteria of sharia law and that currently trade on developed market exchanges – specifically the…
FSA releases Basel Pillar 2 assessment criteria
UK regulator first in world to provide firms with such guidance
At your service
Hedge Funds Review gathered 10 of the administration industry's great and good to share their thoughts on the most pressing issues facing the industry today...
Follow the leader as EFG proves private banks is where structuring's smart money is
While structuring products may once have been the preserve of large asset management houses, private banks are starting to open their expertise in bespoke structuring to the outside world, as Rasik Ahuja, head of EFG Private Bank's active advisory, tells…
Carry on reaping the profits?
The yen carry trade was all the rage with hedge funds until, earlier this year, suddenly it wasn't. Daniel Murray from EFG Private Bank in London surveys the carry strategy and discusses whether it still has the legs to run