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Teens look for Bumper returns
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Fishkin leads the SEC’s new risk group
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Latin banks face up to Basel II
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Recovery swaps hit Europe
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News from Risk USA, Boston
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Germany cashes in Paris Club debt
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Man Investments plans retail fund of hedge funds in Hong Kong
Man Investments plans to launch a retail fund of hedge funds in Hong Kong in the third quarter of this year, which it hopes will raise $50 million in the first 12 months.
Man Investments plans retail fund of hedge funds in Hong Kong
Man Investments plans to launch a retail fund of hedge funds in Hong Kong in the third quarter of this year, which it hopes will raise $50 million in the first 12 months.
Sponsor's article > Basel II: change is good
Basel II is an opportunity for banks to modernize and upgrade their risk practices, policies and technology to manage risk in a holistic fashion. Alliance & Leicester, a UK based financial institution with assets of over €55 billion, took early advantage…
Shell agrees $150 million fine over reserves scandal, releases interim results
Royal Dutch/Shell Group looks set to pay $150 million in civil penalties and spend $5 million on developing an internal compliance programme, following its recent overstatement of reserves. The energy giant has agreed in principle with the UK Financial…
Independent valuation service for OTC derivatives launched
JP Morgan Investor Services (JPMIS), part of JP Morgan Chase, has launched an independent valuation service for over-the-counter derivatives.
Isda master confirmation to include variance swaps
The International Swaps and Derivatives Association, a trade body, has extended its 2004 Americas inter-dealer equity derivatives master confirmation to include confirmation details on variance swaps.
DrKW forms energy trading business
Investment bank Dresdner Kleinwort Wasserstein (DrKW) has formed a London-based energy trading business, headed by Neil Rothwell.
Bear supplies Optima with risk system
Bear Measurerisk, a technology subsidiary of Bear Stearns Asset Management, is to supply Optima Fund Management with risk monitoring and reporting systems.
DrKW forms energy trading business
Investment bank Dresdner Kleinwort Wasserstein (DrKW) has formed a London-based energy trading business, headed by Neil Rothwell.
Former CFO of JP Morgan Investment Management joins Third Point
Jeffrey Trongone, formerly chief financial officer (CFO) and managing director of JP Morgan’s asset management business, has joined Third Point Management Company, a New York-based alternative investment firm with $1.3 billion in assets under management.
Risk managers not playing their strategic part, says survey
The risk management groups within most financial services companies do not have much input into strategic decision-making, according to a survey.
StanChart appoints new global head of rates and forex
Mike Bass, Standard Chartered’s head of interest rate derivatives, has been promoted to global head of rates and foreign exchange.
Swapstream market-makers raise quote size to €800m
The four banks making markets on electronic interest rate swaps trading platform Swapstream have raised their quote sizes from around €100 million to €200 million apiece.
AIB repays €26 million for overcharging
Allied Irish Banks (AIB) is repaying €26 million ($32 million) it overcharged clients on 3 million foreign exchange deals, after a regulator slammed the bank in a report last week, reports RiskNews’ sister publication, FX Week .
Dow Jones iTraxx CDS indexes launched for Asia, Australia and Japan
A new series of Asian credit default swaps (CDS) indexes have been launched today in Asia, Australia and Japan, combining the dealers behind the Dow Jones Trac-x, iBoxx and CJ 50 indexes under a single index umbrella.
Evolution looks west with Unger
Evolution Markets is expanding to provide brokerage services to the California emissions trading markets. Leading the company’s efforts in San Francisco is Samantha Unger, one of the California emissions markets’ most experienced brokers.
BNP closes revolving credit facility for Sempra Energy Trading
French bank BNP Paribas has closed a $1 billion multicurrency secured revolving credit facility for four borrowers forming part of Sempra Energy Trading, the commodity-trading unit of San Diego-based Sempra Energy.