News
Lloyds TSB makes institutional derivatives sales hires
Lloyds TSB has recruited Peter McGloughlin and Ian Shaw to its team selling derivatives to financial institutions.
Lloyds TSB appoints new leveraged syndications head
David Whiteley has been hired to manage Lloyds TSB’s newly formed leveraged loan syndication team.
United Capital moves to halt investor exodus
United Capital Asset Management, the Florida-based fund manager, has suspended redemptions from four of its funds in reaction to a spike in redemption requests.
FSA criticises subprime industry
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European Commission threatens EU member states behind on Mifid
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CESR out with long-awaited Liquid List
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Regulators issue final subprime statement
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Physical delivery hits 4000 mark on DME Oman contract
The Dubai Mercantile Exchange (DME) has revealed key statistics following the first full month of trading at the exchange. 4000 Oman crude oil futures contracts went for physical delivery in August, a figure that has, according to the DME, only been…
Taiwan Futures Exchange names new chairman
Andy Yeh today became the new chairman of Taiwan Futures Exchange (Taifex), replacing Rong-I Wu, who is now chairman of Taiwan Stock Exchange Corporation.
Derivative Fitch appoints global CDO risk modelling head
Damiano Brigo has been hired by London and New York-based rating agency Derivative Fitch, as head of global collateralised debt obligation (CDO) risk modelling.
Imarex trades record $3.4 billion in second quarter
Second-quarter trading on Norwegian freight derivatives exchange Imarex reached a record $3.4 billion in notional values - up 32% on the first quarter of the year.
SGAM AI plans launch of S&P-linked sharia-compliant index funds
SGAM Alternative Investments (SGAM AI) plans to launch a series of sharia-compliant index funds linked to Standard & Poor’s (S&P) sharia indexes by the end of August.
Bear Stearns ramping up risk controls
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FSA wants principles-based insurance regulation
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Swiss central bank chair rejects regulation of hedge funds
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Bear Energy launches in Europe
US investment bank Bear Stearns International has launched its European energy business with the appointment of Etienne Amic as head of Bear Energy in Europe. The European venture will offer structured origination and financial products, including…
US Futures Exchange to list wind derivatives
The U.S. Futures Exchange (USFE) says that it will list futures contracts on Nordix Financial Wind Indexes created by Weather Bid, that measure deviations from average wind speeds used in wind power generation.
Danske Bank team quits to launch derivatives boutique
Four senior derivatives specialists at Danske Bank have left to found an equity-focused derivatives boutique, Arctic Securities, in Oslo.
Bear shores up asset-management arm with new chief
Jeffrey Lane has taken over as head of Bear Stearns’ asset management division, in order to restore investor confidence in its hedge fund business.