Structured products
Deutsche launches first synthetic CDO managed by Asian asset manager
Deutsche Bank has launched a $1.33 billion synthetic collateralised debt obligation (CDO) that will be managed by an Asian asset manager for the first time.
iBoxx to launch new European bond market ‘liquid indices’
IBoxx, a joint venture between seven investment banks and Deutsche Börse set up to create bond indexes, will introduce 25 ‘liquid indices’ in October. These will form the basis for exchange-traded and over-the-counter derivatives, as well as exchange…
Long expectations
Permal Investment Holdings is positioning its portfolio to go long equities when market expectations rise
Does Spanish regulation need to change before hedge funds can flourish?
A growing retired population in Spain could see the country set for the hedge fund market
White-lightning response is needed for US market
There is still fundamental value in the US market, but fund managers have to be quick of the mark to exploit the current situation
Opening up closed doors
Listed companies which invest in hedge funds is one way of targeting UK retail money
Keeping volatility low at NIB International
The portfolio holds 60% in target return funds and has exposure to long-only funds
Long/short opportunities bode well for investors
Japan may be a long way off from recovery but managers are starting to see more positive signs in the technology and manufacturing sectors
Government bonds are supported by low rates
Rapid movements in credit spreads have created opportunities
Short but sweet
Although much criticised after 11 September, shorting is gaining in popularity and the FSA is looking into its impact in the UK
Pondering structural change
Alternative investing systems
Correlation and credit risk
Active development of full credit portfolio modelling continues apace, even though it is not recognised in the proposed Basel II framework.
Buy-side demands unmet, says survey
Buy-side foreign exchange clients want better service and communication from their sell-side counterparts, according to a survey made public last week.
German focus: Trouble below deck
Despite weathering a number of storms over the past decade, notably reunification and monetary union, the German economy is facing a new threat.
Basel experts agree asset securitisation treatment
LONDON – Global banking experts have agreed proposals for treating the credit risks for banks of asset securitisation under the complex Basel II capital accord.
LCH’s SwapClear signs up new members
The London Clearing House (LCH) has signed up JP Morgan Chase, ABN Amro and Commerzbank Securities as new members for SwapsClear, its interbank interest rate swap trading service.
Aima publishes sound practice hedge fund guide
The London-based Alternative Investment Management Association (Aima) and industry participants in the European hedge fund industry have published a guide to sound practices for European hedge fund managers.
Rating agencies divided over Aquila’s credit-worthiness
The two major rating agencies are divided over their assessment of troubled energy company Aquila, with Moody’s cutting its rating to junk and Standard & Poor’s (S&P) maintaining its investment-grade standing.
Moody’s downgrades Aquila, as project BBB+/Baa1 backfires
Moody's Investors Service yesterday lowered Aquila’s senior unsecured debt rating to non-investment grade with a stable outlook, from Baa3 to Ba2. The troubled Missouri-based energy company had hoped to maintain its investment grade rating, exiting the…