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Facing the Quest
With returns of 8.22% in the past year, Collins Stewart's strict portfolio decisions are made through its own ranking system
Nine out of 10 long/short hedge funds fall below their watermark
Tremont survey spells bad news for industry as most hedge funds, globally, show big shortfalls
Finding the right balance
Rebalancing hedge fund of fund portfolios for optimal performance in a treacherous bear market poses difficulties
Shariah Funds Inc introduces the first Islamic hedge fund aided by scholars
Islamic hedge fund market could be worth trillions in assets under managemenT
Uncertain Latin America adds to current difficulties for year ahead
Brazil's economy is not growing, making its situation unsustainable
Talent spotting
With the competition growing within the markets, looking for experienced salespeople is proving difficult
BofA pushes out Goldie-Morrison
Duncan Goldie-Morrison, head of the global markets group at Banc of America Securities in New York, has become the latest high-profile casualty in the long list of Wall Street redundancies. His position has been abolished as part of another large…
Mark-it plans to offer data pricing service for structured credit
Mark-it Partners, a two-year-old company founded by senior bankers at Canada’s Toronto Dominion, is in advanced negotiations to set up a data pricing service for collateralised debt obligations (CDOs). If successful, this could become the first such…
New Market, New OMS Sales Pitch
Baring Asset Management is doing something that a lot of trade order management vendors and market analysts wish the rest of the financial world would do: after implementing a new third-party order management system to replace its older in-house system,…
Open Platform - Not Just An Equity Front-End
The future OMSs will include a stronger fixed income role and maybe even middle- and back-office functions like confirmations and allocations.
BoA hires mainland China head
Bank of America (BoA) has hired Helen Pun as managing director, head of mainland China for bank and non-bank financial institutions. Based in Hong Kong, she assumes responsibility for marketing structured and cross-border products across the mainland…
McDonough speaks on QIS3 results, and US regulatory changes
"At this early stage, the results suggest that the incentives built into the New Accord are functioning as we had hoped," said William McDonough, president of the Federal Reserve Bank of New York and the head of the Basel Committee on Banking Supervision…
Heavyweights move to tackle rising unnamed counterparty risk
Top foreign exchange banks are joining forces with central banks and industry groups to eliminate unnamed counterparty risk.
New Star sets up convertible arbitrage hedge fund
London's New Star Asset Management has hired two ex-Soros Fund Management hedge fund managers to run its new convertible arbitrage fund, which is due to begin trading at the end of March.
BoA hires global markets head in Hong Kong
Bank of America (BoA) has hired Abidin Siregar in a newly created role as head of global markets, Hong Kong. He will assume responsibility for sales, trading and research as well as building the bank’s debt capital raising business across the region.
Lehman appoints head of equity derivatives sales
Lehman Brothers has named Joseph Amato, ex-managing director and head of global equity research, as head of global equity sales, overseeing sales coverage of all cash, derivatives, convertibles and equity finance products worldwide.
Profile: Dresdner makes loss prevention a new priority
Operational risk management is a management programme, not just a modelling exercise, according to Jonathan Howitt, director of operational risk at investment bank Dresdner Kleinwort Wasserstein in London.
Extreme Outsourcing
"Lift-out" outsourcing projects by major institutional firms prime the pump for the rest of the industry.