Structured products
Spanish regulators reinforce hedge funds' exposure limits
Open-Ended ucits fund of funds forced to reduce holdings
measuring performance
A meaningful methodology to assess hedge funds is difficult to find
Sharpe practice
Schroders' emerging markets Astra fund is aiming to achieve good returns with a Sharpe ratio of about one and two-thirds the volatility of its benchmark
Hedge funds excluded from Ucit-qualifying portfolios
directive restricts exposure to short-selling
Making the most of europe
While the rules are onerous and due care needs to be taken, funds can be sold into most EU states
Parkway will open its global macro fund in July
fund aims to take advantage of change in economic cycle
Media money-spinner
The manager of the Lindsell Train media hedge fund has a simple objective ' to make money and the proliferation of media distribution platforms is helping him to meet his aim
The Italian attraction
Tax incentives are enticing investors to the Italian hedge fund market, to such an extent that the market is expected to double by the end of 2002.
Change of focus as fixed managers look to LatAm
Interest has turned towards South America for fixed interest managers
Regulators consider opening hedge funds up to retail investors
Hedge fund operators ready themselves for momentus operational changes to their marketing strategies
Regulators grow confident about Basel II calendar
Global banking regulators were expected to issue an upbeat statement in mid-July on progress with the controversial Basel II bank accord after several months of uncertainty in which some bankers doubted the accord would ever see the light of day.
Credit card capital charges will be lower under Basel II
Major banks will probably have to set aside a lot less capital as a cushion against losses from defaulting credit-card holders under the Basel II bank accord than they in effect do now, global banking supervisors said in early July.
Insurers embrace risk systems
Insurance companies have been slower than banks to adopt advanced risk modelling techniques and technologies. But regulatory changes and business exigencies are spurring them to adopt a new generation of risk and capital management systems.
IMF seeks scrutiny of insurers' credit risk
The International Monetary Fund (IMF) says greater information about insurers' financial markets activities – including credit risk transfers – is needed before their implications for financial stability can be clearly ascertained.
US central banker urges pillar 3 action now in light of scandals
Recent accounting scandals mean international banks should start improving their disclosure of risks and capital adequacy now and not wait for the pillar 3 disclosure provisions of the Basel II bank accord to take effect in late 2006, a senior US central…
Basel II experts shift focus to securitisation after SME solution
Experts working on the Basel II bank capital rules are focusing on the technically difficult issue of asset securitisation after agreeing a solution to the politically sensitive problem of how lending to small- and medium-sized enterprises (SMEs) should…
Survey shows modifications could lower Basel II credit risk charges
Banks using a more complex risk measurement approach under the Basel II bank accord, if potential modifications are put in place, would have lower credit risk capital charges than under the current Basel I accord.
Basel II models have little relevance for developing countries, US banker says
Banking supervisors in developing countries should focus on the risk environment in which banks operate because relying on banks to measure their own safety and soundness may give little useful information about a banking sector, a senior US central…
Boom time for distressed debt
Distressed debt
CLNs come of age
Technical