Book contributions by Risk Staff
Portfolio Construction and Management
Edited by Brice Benaben and Julien Jarmoszko
Articles by Risk Staff
Diversified underlyings in SA
South Africa
Product round-up
News
Currency correlations
The US dollar has undergone a 40% decline against theeuro over the past seven years. At the same time, crude oilprices have risen over 350%, and were up 57% in 2007. Theimpact of currency on the world energy markets, and whetherthere is cause or effect…
Marking to the wrong model
Brett Humphreys and Sarbo Saha show how calibration can reduce model risk but may mislead us into thinking an inappropriate model is working
Green backing
The financing of renewable energy projects is becoming more attractive, as rising demand and prices make it a safer investment. The subprime crisis will tip the balance further in favour of green investment and open up opportunities for end-users to…
Tready and tradable
Implementing a new energy trading and risk management system can be complicated, but the difficulty of preparing the entire business for change is often underestimated, say Michael Campbell, Cynthia Sepety and Dutch Holland of management consultancy…
Currency correlations
While oil prices have been rising, the US dollar has staged a steady decline, leading to much speculation over the linkage between the two. Eric Fishhaut investigates their connection
A force to be reconciled with
Reconciling portfolio valuation differences between energy risk management software packages is a crucial task both in system replacements and upgrades. Brian Shydlo of Sirius Solutions introduces the concepts and techniques associated with this activity
Mellon Global Alternative Investments - January 2008
Managing around $1.9bn in a number of MGAI funds of hedge funds specialising in these underlying strategies necessitates it, of course, but it is a key reason each of them is still smiling after summer’s thin markets and credit woes for many.
Bailout time for SIVs
Investors are watching eagerly as banks unveil plans to restructure their ailing SIVs. Hardeep Dhillon looks at the various schemes and how they affect the proposed M-LEC 'super-SIV'
Legal Spotlight
As the credit cycle turns and the market prepares for a rise in the speculative-grade default rate, Stephen Phillips, partner at White & Case, fears that high-yield bondholders across Europe may be marginalised in the next wave of restructurings
Market graphic - The effects of inflation
Market graphic
The Big Interview - Moody's
Brian Clarkson and Frederick Drevon from under-fire rating agency Moody's talk to Credit about what areas of their business they intend to tighten up and what effect the liquidity crisis may have on the broader market
Argentina bondholders optimistic over new deal
A more conciliatory stance from Argentina's new president has given holders of the sovereign's defaulted bonds fresh hope that a deal can be struck to bring to an end the long-running standoff