Structured products
Risk management based on stochastic volatility
Risk management approaches that do not incorporate randomly changing volatility tend to under- or overestimate the risk, depending on current market conditions. We show how some popular stochastic volatility models in combination with the hyperbolic…
First Taiwanese ABS to close next week
Industrial Bank of Taiwan (IBT) and lead manager SG, the investment banking arm of French bank Société Générale, have set the closing date for Taiwan’s first asset-backed security transaction for February 24, according to a source familiar with the…
Dublin-listed Ucits options fund established by ADM Investor
The portfolio will aim to hold up to 70 stocks or options
Credit markets open up to hedge fund managers with Mark-it tool
services aims to improve levels of information available
Struggling with performance fees in a low-return market
European managers are starting to follow their US counterparts adopting adjustable high watermarks on an annual basis By Ralph savage
A winning combination
Employing a marketing agent to increase a hedge fund's size can prove beneficial in the long run ' and allows the fund managers to concentrate on the job in hand
Limited issue Threadneedle fund premieres in the UK
quasi-hedge fund vehicle exploits wider investment process
Getting the low down
What are the benefits of covered warrants, the newest kid on the leveraged product block?
At your own risk
There is a growing demand from investors for transparency. The dilemma for managers is providing enough information without damaging their strategy
Fimat set to launch index of volatility arbitrage funds
funds seek to spot when an option's volatility is inconsistent
Getting it right
Gottex Market Neutral Fund has made consistent high returns for investors since June 1999. Hedge Funds Review looks at what makes this fund tick
Sub investment grade paper is expected to boost returns
Opportunities are growing but managers are still avoiding telecoms
Platinum offers hedge funds to Asian investors
Platinum Capital Management, the UK-based international financial investment group, has begun to offer two of its hedge fund products – Platinum Washington and Platinum Capital Protected Income Plus, Class A (Platinum Class A) – to high-net-worth…
Nomura victory sets precedent for credit derivatives delivery
A landmark ruling, favouring Nomura over Credit Suisse First Boston (CSFB), in London yesterday will set a clear precedent for the credit derivatives market, the Japanese investment bank said. Nomura challenged CSFB on the deliverability of convertible…
Emerging market credit quality improving, says S&P
Emerging market credit quality is “on the mend”, according to rating agency Standard & Poor’s, but Latin America faces the biggest vulnerability among the regions.
The secret to success
After a slow start, ETFs have rapidly taken off and provide great value to institutional users as an alternative way to equitise cash