Structured products
Covered call strategy to offer income and growth
New star's hybrid fund aims to smooth highs and falls
JP Morgan Chase snatches Asia Risk’s house of the year award
JP Morgan Chase has won RiskNews ' sister publication Asia Risk 's derivatives house of the year award, while also picking up its prize for credit derivatives house of the year – an accolade it has held since the magazine began publishing its awards…
Canadian pensions' use of derivatives rises
Fifty-two percent of Canadian pension funds now use derivatives as part of their investment strategies, up from 49% a year ago and 38% four years ago, according to a survey of 264 funds by Greenwich Associates, a Greenwich, Connecticut-based consulting…
JP Morgan Chase in major ramp-up of portfolio management technology
JP Morgan Chase has assigned the largest chunk of its IT budget for the next two years to overhauling its portfolio management infrastructure, according to the US bank’s head of portfolio management Blythe Masters.
Credit risk systems: Getting the risk right
The requirements of the new Basel Accord are prompting some banks in Asia to begin implementing sophisticated credit systems, but there are still some obstacles to overcome.
Eubank punches for Risk Waters Group's World Trade Center fund
Fancy a pair of boxing gloves signed by former world middleweight champion Chris Eubank? Then put in your bid with a call to Drew Stephens, chief operating officer atSpectron Group, the London energy broker, on 44 207 074 0799.
S&P highlights CDOs’ evolution from risk transfer tool to investment product
Issuers are increasingly viewing synthetic collateralised debt obligations (CDOs) as a way of creating tailored investment products, rather than simply a method for transferring an entire portfolio of credit risk, claims rating agency Standard & Poor’s.
Bond Market Association warns Congress of catastrophe bond market disruption
Christopher McGhee, head of insurance risk-linked securities trading at insurance and reinsurance broker Marsh & McLennan Securities in New York, told a US House of Representatives financial services subcommittee yesterday that pending accounting changes…
Bear Stearns recruits futures sales team to target hedge funds
Bear Stearns has recruited an eight-person futures sales team to target hedge funds, led by industry veteran Roland Morris, for its interest rate futures department.
Japan's SMBC prepares credit derivatives desk
Japan’s Sumitomo Mitsui Banking Corporation (SMBC), one of the country’s big four banking groups, is planning to set up a dedicated Japanese credit derivatives desk by the end of the year.
Interest rate derivatives house of the year
Asia Risk Awards 2002
ABN Amro to release second iBoxx-linked note
ABN Amro is to issue a second credit-linked note early next week, called iBoxx 40, following the release of its iBoxx 50 credit-linked note in July. iBoxx 40 will be the first index-derived credit product issued in Swiss francs, with an initial issue…
Robeco to offer exotic equity derivatives-based fund
Dutch asset manager Robeco plans to launch a guaranteed fund product that uses exotic equity derivatives.
JP Morgan may boost capital for equity-linked FX trading model
Larry Kantor, global head of FX strategy at JP Morgan Chase, said the bank was mulling whether to put more proprietary capital behind a trading model that measures FX risk appetite using cues from the equities market, called the Liquidity, Credit and…
Putnam Investments mulls hedge fund debut
Putnam Investments, a $260 billion asset manager in Boston, Massachusetts, may soon join the ranks of other large money managers and launch new alternative investments funds, including hedge funds.
Gifford Fong Associates to advise Fitch on revamping credit analysis
Rating agency Fitch has engaged Gifford Fong Associates, a Lafayette, California-based fixed-income analytics firm, to reassess its credit risk metrics and develop new rating methodologies for its structured finance and risk management activities.
Bank defections
People news
Fannie Mae’s duration gap figure down in September
US mortgage agency Fannie Mae took the unusual step of disclosing its September duration gap figure yesterday, in a bid to alleviate concern about its risk management practice. The figures showed that the duration gap had fallen from minus 14 months in…
The credit implosion
Introduction
The credit risk time bomb
Insurers
Realigning exposures
CDO restructuring