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Hedge fund bears thrive

The gloomy economic environment is bolstering the returns of hedge funds that focus on short selling and distressed securities, according to figures released yesterday by Van Hedge Fund Advisors International.

Prudential Securities hires futures head

New York-based Prudential Securities has made Alex Ladouceur its head of global futures, foreign exchange and metals – a newly created role. Ladouceur will drive all the company’s futures division operating activities, including sales and trading,…

ICE promotes sales and marketing staff

IntercontinetalExchange (ICE), which has bought London's International Petroleum Exchange, has promoted a number of its sales and marketing staff to manage the growth in business during the past 10 months, the company said.

RMS upgrades Hawaii hurricane model

Risk Management Solutions (RMS), the California-based provider of natural hazard risk modelling, has released an upgraded Hawaii Hurricane model that offers improved risk assessment capabilities to insurers re-entering the Hawaiian market for hurricane…

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