People
Nine out of 10 long/short hedge funds fall below their watermark
CSFB/Tremont survey spells bad news for industry as most hedge funds, globally, show big shortfalls
Shariah Funds Inc introduces the first Islamic hedge fund aided by scholars
Islamic hedge fund market could be worth trillions in assets under managemenT
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
Finding the right balance
Rebalancing hedge fund of fund portfolios for optimal performance in a treacherous bear market poses difficulties
Uncertain Latin America adds to current difficulties for year ahead
Brazil's economy is not growing, making its situation unsustainable
ABN Amro names swaps expert King as Taiwan country rep
ABN Amro Taiwan has made Terry King its country representative, in addition to his existing role as head of financial markets of ABN Amro Taiwan, a position he has held since 2001.
Julius Baer NY hires in FX forwards
Swiss bank Julius Baer has hired Remo Caderas to trade foreign exchange forwards and fixed-income products in New York as part of an ongoing effort to ramp up its forex business.
Mirek steps down from Currenex
Lori Mirek, chief executive of Currenex, has stepped down following a raft of senior management changes at the foreign exchange trading portal. The development was viewed as a shock by many forex market participants – Mirek was one of the best-known…
McDonough bows out from New York Fed
William McDonough, president and chief executive of the Federal Reserve Bank of New York for the past 10 years, will retire on July 21 this year.
McDonough bows out from New York Fed
William McDonough, president and chief executive of the Federal Reserve Bank of New York for the past 10 years, will retire on July 21 this year.
Crosbie says departure from Moody’s KMV was amicable
Peter Crosbie, outgoing president and chief executive of Moody’s KMV, said his decision to leave the credit risk management company formed when Moody’s bought KMV last year was amicable.
BNP to launch European power trading desk
BNP Paribas today said it plans to start a European powertrading desk as part of its energy and commodity business.
MacIntyre to leave DeAM for New York City fund
Desmond MacIntyre, head of European pension strategy at Deutsche Asset Management (DeAM), plans to leave the German manager at the end of the month to take on the role of chief investment officer at the New York City Retirement Systems fund.
HSBC hires new North American head of FX sales and trading
HSBC has hired Ben Welsh as managing director and head of foreign exchange sales and trading for North America. Welsh joins HSBC from Goldman Sachs’ New York office, where he was head of foreign exchange spot and forward trading.
Bank of Canada’s Knight named new BIS general manager
The Bank for International Settlements has named Malcolm Knight as the successor to Andrew Crockett as general manager of the central bankers’ organisation based in Basel, Switzerland.
Cognotec boosts sales effort with new hire
Dublin-based foreign exchange trading software company Cognotec has hired Kevin Galliers from Iris Financial as vice-president of sales.
Canada's shifting credit scene
Canadian banks' attitude towards loan portfolio management is changing, and the impending Basel II Accord is accelerating the evolution of internal practices.
Citi merges forex and rates businesses
Citigroup has merged foreign exchange with derivatives and interest rate products to form its new global rates and currencies group.
BarCap to make 200 redundancies
Barclays Capital is making approximately 200 employees redundant at its London headquarters, according to Risk News sources.
Kat to set up Alternative Investment Research Centre in London
Harry Kat, a former derivatives banker and quantitative finance academic, has been made professor of risk management at the Sir John Cass School of Business at City University in London. Kat, an author of numerous quantitative finance papers and former…