News
Expect oil at $150 in a decade, Soros colleague warns
Jim Rogers, co-founder with George Soros of the Quantum Fund, has predicted oil will be at $150 within the next 10 years.
UK regulator appoints new director of enforcement
The Financial Services Authority (FSA), the UK's financial services watchdog, has appointed Margaret Cole as its new director of enforcement. She will report to John Tiner, chief executive of the FSA.
Hedge fund risk managers dispute need for transparency
A panel of hedge fund risk officers disputed the need for increased transparency in the industry today during a debate held at Risk ’s Global Risk Summit in Monte Carlo.
Borsa Italiana creates governance committee
The Milan-based Borsa Italiana has formed a committee to revise its corporate governance code of conduct. The committee has been formed to meet the ongoing need to adopt best practices and increase transparency among companies listed on the Borsa…
European financial integration in peril, says BarCap's del Missier
The integration of Europe's financial markets faces an acute danger from resurgent nationalist self-interest among its regulators, Barclays Capital's head of rates and private equity and regional head of Europe, Jerry del Missier, told delegates…
Hedge funds should be more consistent, says industry survey
Thirty-two percent of respondents in a global hedge fund survey believed the pricing of illiquid instruments was the most significant challenge in portfolio valuation. The survey, conducted by the Alternative Investment Management Association (AIMA) on…
Monte dei Paschi’s asset management unit backs new hedge fund
Monte Paschi Asset Management (MPAM), the asset management arm of Banca Monte dei Paschi di Siena, plans to back a fixed-income specialist hedge fund called TrinityCapM with €25 million in seed capital.
Financial regulation hits saturation point, say top risk managers
The level of regulation in financial markets has reached saturation, and now poses a significant risk to institutions, said a panel of chief risk officers (CROs) speaking at Risk’s annual Global Risk Management Conference in Monte Carlo today.
Leung leaves Moody’s KMV for credit portfolio managers’ association
Som-lok Leung, a senior director of client solutions at Moody’s KMV, is to leave the San Francisco-based credit analytics specialist next month to take on the role of executive director at the International Association of Credit Portfolio Managers (IACPM…
BGI hires in fixed income ahead of hedge fund launch
Barclays Global Investors (BGI), the San Francisco-based asset management arm of Barclays Bank, has made four hires in its fixed-income department in anticipation of the launch of new long/short fixed-income products fund.
Goldman loses CDO co-head to Deutsche
Deutsche Bank has hired Michael Henriques as a managing director responsible for origination, structuring and risk management of principal finance opportunities within its special situations group (SSG).
Barclays hires quartet to structured credit group
Barclays Capital has hired four staff to boost its structured credit products sales team in New York.
HKEx launches Xinhua futures
The Hong Kong Stock Exchange (HKEx) has signed an agreement with index provider FTSE Xinhua Index (FXI) to list futures and options linked to the FXI China 25. Trading in the instruments is expected to begin on May 23.
Deutsche Bank boosts SSG
Deutsche Bank has appointed Michael Henriques, formerly of Goldman Sachs, as a managing director within its special situations group (SSG).
Point Carbon buys Natsource Scandinavia’s analysis unit
Carbon emissions consultancy Point Carbon has bought Natsource-Tullett Scandinavia, Europe’s largest power and gas analysis firm, but will disband Natsource’s Oslo brokerage operations. The move adds power and natural gas market analysis to Point Carbon…
Barclays launches targets smaller trading firms in Hong Kong
Barclays today launched a new unit in Hong Kong to offer tailor-made advice to small trading companies via its wealth management unit.
Reuters launches order-routing system for commodities
Global information company Reuters has launched Reuters Order Routing for Commodities (RORC), a new trading solution for the European energy market.
NAB gets green light on forex options
National Australia Bank (NAB) is set to reopen its foreign exchange options business on May 9, over 12 months after it was forced to close the desk in response to a derivatives trading scandal that enveloped the bank early last year.
Icap-Hyde hires Toyne to head tanker FFA broking
Icap-Hyde, a London-based joint forward freight and shipping derivatives-broking venture between broker Icap and shipping broker JE Hyde, has added to its team. Simon Toyne has joined as director of tanker forward freight agreements (FFAs), responsible…
CME weather trading volumes already past those of 2004
Weather derivatives trading volumes for 2005 on the Chicago Mercantile Exchange have already surpassed last year's volumes, said the exchange yesterday. The number of contracts traded this year hit 124,177 on April 12, compared with 122,987 for the whole…
DrKW combines derivatives trading and structuring teams
Dresdner Kleinwort Wasserstein (DrKW) has opted to combine its derivatives trading and structuring capabilities across multiple asset classes, creating a single global derivatives group within its capital markets business.
Sponsor's article > The dangers of complexity
The dramatic financial market changes of the past 20 years have introduced daunting complexity into the system. Much of this complexity is the necessary consequence of valuable innovations. David Rowe argues, however, that complexity for its own sake is…
Deutsche's Derhalli to head emerging market equities
Deutsche Bank has appointed Kerim Derhalli as global head of emerging market equities. He runs the equities businesses in Latin America, and central and eastern Europe, the Middle East and Africa (CEEMEA) region.
Options traders top pay bracket
UK forex options dealers raked in the largest pay packets this year, with total packages averaging more than £500,000, according to a survey by City-based executive search firm, Napier Scott.