People
Demanding disclosure
The dislocation in the correlation markets in May confirmed supervisors' fears about concentration risk in the hedge fund sector. And this is fuelling pressure for hedge funds to make more data disclosure. But how would this help to reduce risk? By…
The CRO road
Some of the larger hedge funds have set up formal risk management functions, appointing independent chief risk officers (CROs) to oversee their business. But what role should a hedge fund CRO play, and are these appointments a precursor of wider changes…
Nymex pit opens in London
Some 76 individuals and 12 companies showed up to trade Brent and gas oil futures on the first day of trade at the New York Mercantile Exchange’s London trading floor today (Monday).
Lloyds TSB hires Fortis Bank's structured credit team
Lloyds TSB Financial Markets has brought Fortis Bank's structured credit team to London to reinforce its own structured credit operation.
Banc of America hires eight for European equity team
Banc of America Securities has taken on eight traders and marketers to increase the size of its London-based European equity derivatives team.
TFS starts brokering CDM and JI emissions credits
TFS, a New York-based inter-dealer broker, has started brokering emissions credits under the Kyoto Protocol’s Clean Development Mechanism (CDM) and Joint Implementation (JI) schemes.
Icap to take on Prebon's rate derivatives team in Sydney
Icap plans to hire the Sydney-based interest rate derivatives team at Prebon Group, a rival inter-dealer broker that was bought by Collins Stewart Tullett in October 2004.
BNP Paribas adds six to New York equity and derivatives team
BNP Paribas has hired six new traders - five from Nomura Securities - for its New York- based equity and derivatives trading business.
Korolev to lead Calyon high yield business
Andrei Korolev has joined Calyon in London as head of high yield trading, part of the bank's expansion of its sub-investment grade operation in Europe.
Freddie Mac appoints Anurag Saksena as first CRO
Freddie Mac, the second largest US federal mortgage agencys, has hired Anurag Saksena as its first chief enterprise risk officer.
Analysing commodities trends is just one Aspect of Capital success
Aspect Capital is best known for its commodities hedge funds. While this sector is a central pillar of the firm's trading strategy, there are other strings to the Aspect bow, as Solomon Teague discovered
How to make hay while the sun shines...or doesn't
weather derivatives
Redomiciling your fund in Malta
jurisdictions: malta
Company profile: DWS diversifies
Special report: Focus on Germany
OCBC's drive for autonomy
Company profile
A force for change
Profile
The CRO road
Risk management
Economic capital blues
Rating agencies and life insurers have not always got on, with squabbles over how to account for diversification across business lines a prime reason. But could the rise of economic capital management put an end to the arguing?
Getting a head-start
North American Energy Credit and Clearing may have gained an advantage by being the first to clear over-the-counter physical electricity contracts. But it still has to prove that it is reliable and efficient. Joe Marsh reports
James Tweed and Dave Wardley
At the end of last year, JAMES TWEED and DAVE WARDLEY launched the first hedge fund dedicated solely to trading freight. Stella Farrington meets them
Inside the indices
Roundtable
Where next for German NPLs?
Non-performing loans