Structured products
Teahan assumes role of Fund Manager in Schroder reshuffle
John Teahan has taken over as the Fund Manager for Schroder Income Maximiser and Schroder UK Income Defensive Funds, following the departure of Richard Lloyd who has left to pursue outside activities. The Structured Investments team, based in London, has…
Evans joins Citi as subprime losses mount
Citi yesterday announced that it had hired Richard Evans as chief risk officer for its institutional clients group.
Dealers work towards clearing house for credit derivatives
A group of dealers hoping to avoid the systemic implications of counterparty risk are working with the Clearing Corporation on the establishment of a central clearing house for certain credit derivatives products.
New $115 high for crude
Crude oil for May delivery hit an all time high of over $115 per barrel on the New York Mercantile Exchange (Nymex) today.
FGIC could be first to split
The monoline insurer Financial Guaranty Insurance Company (FGIC) might be the first to split its municipal bond business from its troubled structured credit arm.
Banks pack ailing debt into PDCF collateral
Investment banks could be getting rid of unsaleable high-risk loans by using them as collateral to borrow funds from the Federal Reserve through the primary dealer credit facility (PDCF).
Isda AGM: Regulatory scrutiny of derivatives likely, says Moulds
The derivatives industry faces a period of heightened scrutiny by regulators, mirroring the supervisory review in the wake of a series of mis-selling scandals in the 1990s, said Jonathan Moulds, president for Europe, the Middle East, Africa and Asia at…
Isda AGM: Calello urges industry to improve
Paul Calello, chief executive officer of investment banking at Credit Suisse, says all parties involved in the financial system – including regulators – need to take urgent action to combat potential systemic risk emanating from the ongoing credit crisis.
German structured products to receive rating scrutiny
Germany’s structured products look set for a shake-up, as the country’s buoyant certificate industry receives its own rating system, designed to improve transparency in the market.
MBS capital charges coming soon in Basel II shake-up
Basel II capital requirements on structured credit products are to be raised as part of a wide-ranging review of risk management practices for financial institutions in G-7 nations, the Financial Stability Forum (FSF) has announced.
Iosco updates securities regulation
Daily news headlines
MSCI offers volatility
MSCI Barra has launched the MSCI Global Minimum Volatility indexes designed to reflect a minimum-variance or managed volatility equity strategy that focuses on absolute return and volatility.
Lehman launches Enhanced Emerging Markets Plan
Lehman Brothers has launched the capital protected Enhanced Emerging Markets Plan, which provides exposure to the growth of the Brazil, Russia, India and China economies (Bric). The plan offers a choice of either 110% rise in the S&P Bric 40 index after…
FTSE and BME launch responsible investment index
Spanish stock exchange Bolsas y Mercados Españoles (BME) and FTSE have launched the FTSE4Good Ibex, a responsible investment index comprising companies listed on the BME that demonstrate good practice in corporate social responsibility. The index is…
Blue Sky unveils third Protected Income Plan
Blue Sky Asset Management (BSAM) investment boutique has launched a third tranche of its six-year Protected Income Plan (PIP), which offers a fixed 10% income per year and 100% capital protection. The PIP III plan is linked to a portfolio of five UK…
Paladyne and Numerix partner
Pricing and risk analytics provider Numerix and alternative investment technology vendor Paladyne Systems have agreed to integrate Numerix trading, pricing and analytical toolset within Paladyne’s hedge fund platform. The move is designed to allow…