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People
BNP Paribas beats SG for ZCM assets
New angles
Making waves
With returns of 88.74% since inception, IAM's Alternative Investment Strategies fund of hedge funds is keeping its investors happy
Keeping up with demand
Gartmore is lining up a series of launches and considering distributing third party products
Embracing change
Hybrid funds that invest across a broad range of different assets are growing, along with the need for fixed income prime broking teams
Counting the costs
Starting up a hedge fund and establishing yourself as a manager should not be taken lightly and there are many issues that need to be considered
Fundamentals adopted by tech after sentiment rally
Specialist equity funds are being launched to target sophisticated investors
Evolving credit
The flexibility of credit default swaps makes them an invaluable tool for arbitrage, speculation or hedging products
Swaps trader awarded £1m in Cantor Fitzgerald case
Steven Horkulak has won his constructive dismissal court case against the US swaps broker Cantor Fitzgerald, his former employer, for loss of salary and discretionary bonus, a sum totalling around £1 million.
Trema appoints McKibbin to lead sales effort
Trema has named Aislinn McKibbin as the new head of global sales in its financial institutions segment. McKibbin will be responsible for the development of Trema’s market share.
LME lines up Axa's Brydon as new chairman
The London Metal Exchange (LME) has appointed Donald Brydon, chairman of Axa Investment Managers, as an independent, non-executive director.
Merrill rebuilds local markets trading team
Merrill Lynch has rebuilt a six-strong local markets trading team in London during the past month, after natural attrition whittled the original team down to one.
SunGard names Alex Wolff as MD for its BancWare service
SunGard Trading and Risk Systems has named Alex Wolff as head of the company’s Europe, Middle East and Africa region. Wolff will help market Sungard’s BancWare service in the region.
Mark-It poaches Lombard's Davenport for Project Red
UK credit pricing provider Mark-It Partners has poached Penny Davenport from rival London-based valuations service provider Lombard Risk Systems. Davenport will be responsible for integration and management of the company's Project Red credit derivatives…
Accord preparations: the rest is yet to come
While the debates have raged for months about many aspects of the proposed Basel II Accord, on some points there has been relative silence, in particular with regard to the seeming overreliance on statistical techniques.
Sarbanes grills Brickell over Ofheo nomination
The US Senate Banking Committee held a hearing on Mark Brickell's nomination for director of the Office of Federal Housing Enterprise Oversight (Ofheo), the regulator for government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac, this afternoon.
Institute of Risk Management appoints King
UK-based educational body and members organisation, the Institute of Risk Management (IRM), has appointed David King as its new executive director. King is on secondment from UK insurer Royal & SunAlliance (R&SA) for an initial period of one year.