Structured products
On the guest list
As hedge funds are not open to mass market investors, those who have access should feel privileged
Macro magic
Permal's global macro strategy has worked wonders for its FX, Financials and Futures fund.
CFO boom predicted as funds gain in popularity
CFOs are on course to revolutionise the hedge industry
Facing difficulties
Investors are trying to seize opportunities, but the outlook of the current market is making it harder
1,500 hedge funds sign up for MSCI hedge fund indices
indices allow improved comparisons of risk and performance
Going long in Russia
Market is benefiting from a relative insulation from the impact of a global double-dip recession.
EU capital rules remain on tight deadline
European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, and yesterday's issue of a EU progress report is a positive step, officials at European banking organisations said.
Weather Board of Trade delays launch as problems mount
Atlanta-based Weather Board of Trade (WBOT), which was set for an October launch, will now only start trading exchange-based weather derivatives in February 2003. WBOT has also lost a number of its charter members, encountered problems with its fund…
WestAM enters hedge fund market
WestAM, the €38 billion asset management arm of German bank West LB, has launched its first hedge fund, WestAM Navigator Global Fixed Absolute Return Fund.
EU capital rules remain on tight deadline
LONDON – European Union (EU) plans for implementing the complex Basel II bank safety rules remain on a very tight schedule, but the issue today of a EU progress report is a positive step, officials at European banking organisations said today.
Insurance companies turning to hedge funds, says Swiss Re
Insurance companies are increasingly turning to third-party asset managers to improve returns and manage risk, according to a new study by Swiss Re. As a result of the trend, insurers' alternative investment holdings in hedge funds are poised to grow by…
Citigroup, Deutsche Bank and UBS Warburg dominate FX derivatives in FX Week awards
Citigroup, Deutsche Bank and UBS Warburg led the FX forwards and FX options categories in FX Week’s awards again this year, confirming their dominance in derivatives.
HSBC’s purchase of Household triggered credit rally, according to BoA
Bank of America (BoA) has used its new credit risk model to show, quantitatively, how HSBC’s proposed purchase of Household International, announced last Thursday, sparked a credit rally.
Aussie funds shun currency overlay
Australian superannuation funds’ use of currency overlay has declined, according to a report made public last week.
EU expected to report on Cad 3 progress next week
BRUSSELS – The European Commission is expected to give details on November 18 about how it intends applying the complex Basel II bank safety rules in the European Union, commission officials confirmed today.
S&P rates first structured product as an index
Credit rating agency Standard & Poor's (S&P) has rated, for the first time, a structured finance transaction, Core Investment Grade Bond Trust I, as an index rather than as a collateralised debt obligation.
Japan’s SMBC expects to issue synthetic CLO in early December
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is preparing to launch a synthetic balance-sheet collateralised loan obligation (CLO) referenced on ¥500 billion worth of loans extended to 1,500 Japanese small to medium-sized companies.
Basel II will lead to more instability, critic argues
LONDON - The Basel II bank capital accord will result in more banking instability and more pro-cyclicality, where bank actions taken in response to solvency rules reinforce economic and market cycles, a leading critic of the accord said in October.
A question of priorities
Japan's banks are aware of the need to prepare for Basel II, but it is just one of a number of urgent issues that need to be resolved in the Japanese banking sector.
Basel II will have profound effect on US banks, says regulator
ORLANDO, FLORIDA - The Basel II capital accord will have profound implications for risk management techniques and capital management in the larger US banks, a leading US banking regulator said in late October.